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Sinkang Industries CoTPE:2032 -1.23%73 ROC (Joel Greenblatt) % is 9.16% as of Dec. 2025, which is 70% above its 10-year median of 5.38. GuruFocus rates TPE:2032 with a GF Score™ of 73/100 and a GF Value™ of NT$16.71 (Fairly Valued). The stock has 7 warning signs investors should review. Among 632 Steel companies, Sinkang Industries Co ranks worse than 54.27% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Sinkang Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.16%.
The historical rank and industry rank for Sinkang Industries Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2032'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.33 Med: 5.38 Max: 16.45
Current: 6.33
During the past 13 years, Sinkang Industries Co's highest ROC (Joel Greenblatt) % was 16.45%. The lowest was -2.33%. And the median was 5.38%.
TPE:2032's ROC (Joel Greenblatt) % is ranked worse than 54.27% of 632
companies
in the Steel industry
Industry Median: 7.14
vs TPE:2032: 6.33
Sinkang Industries Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Sinkang Industries Co (TPE:2032) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Sinkang Industries Co ROC (Joel Greenblatt) % Related Terms
Sinkang Industries Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Sinkang Industries Co's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sinkang Industries Co ROC (Joel Greenblatt) % Chart
TPE:2032 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Sinkang Industries Co's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sinkang Industries Co ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Sinkang Industries Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sinkang Industries Co's ROC (Joel Greenblatt) % falls into.
Sinkang Industries Co ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 9.16% mean?
Sinkang Industries Co (TPE:2032) has a ROC (Joel Greenblatt) % of 9.16% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sinkang Industries Co and its competitors. This is 70% above median its historical median of 5.38. According to the industry distribution chart, Sinkang Industries Co ranks #343 out of 632 companies in the Steel industry, placing it in the top 54.3%.
Is Sinkang Industries Co's ROC (Joel Greenblatt) % too high?
Sinkang Industries Co's current ROC (Joel Greenblatt) % of 9.16% is 70% above median its 10-year median of 5.38. The Steel industry median ROC (Joel Greenblatt) % is 7.14. Sinkang Industries Co's value of 9.16% is 28.3% above this industry median. Based on the distribution chart, Sinkang Industries Co ranks #343 out of 632 companies in the Steel industry, which is below the industry midpoint. Overall, Sinkang Industries Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sinkang Industries Co's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Sinkang Industries Co ranks #343 out of 632 companies for ROC (Joel Greenblatt) %. This places Sinkang Industries Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 7.14. Sinkang Industries Co's value of 9.16% is 28.3% above this benchmark. While the company's 10-year median is 5.38 vs. the industry median of 7.14, Sinkang Industries Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.14, based on 632 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sinkang Industries Co's current ROC (Joel Greenblatt) % of 9.16% is 28.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Sinkang Industries Co and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinkang Industries Co's current ROC (Joel Greenblatt) % is 9.16%, which is 70% above median its own 10-year median of 5.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinkang Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Sinkang Industries Co (TPE:2032) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.71, compared to a current price of NT$16.05 — trading 3.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.16%, which is 70% above median its 10-year median of 5.38 and 28.3% above the Steel industry median of 7.14. Sinkang Industries Co's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Sinkang Industries Co (TPE:2032), the current ROC (Joel Greenblatt) % is 9.16% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sinkang Industries Co (TPE:2032) Overvalued in 2026?
Based on GuruFocus' analysis, Sinkang Industries Co stock appears to be undervalued.
The current stock price of NT$16.05 is trading 3.9% below its estimated GF Value™ of NT$16.71.
GuruFocus considers Sinkang Industries Co to be Fairly Valued.
Key valuation signals for TPE:2032:
ROC (Joel Greenblatt) %: 9.16% (70% above median its 10-year median of 5.38)
GF Value™: NT$16.71 vs. price of NT$16.05 (3.9% below fair value)
Industry Position: 28.3% above the Steel median (#343 of 632)
No single metric tells the full story. See the TPE:2032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinkang Industries Co Ltd is engaged in cutting and processing surface treatments for stainless steel. Its business activities include Steel secondary processing, Scrap iron and steel metal processing, Metal structure and architectural components manufacturing, Metal wire products manufacturing, Other fabricated metal products manufacturing, Surface treatments, and Mechanical equipment manufacturing.
73GF Score
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