Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hotai Finance CoTPE:6592 +0.83%88 ROC (Joel Greenblatt) % is 1.77% as of Mar. 2026, which is 24% below its 10-year median of 2.34. GuruFocus rates TPE:6592 with a GF Score™ of 88/100 and a GF Value™ of NT$71.43 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 415 Credit Services companies, Hotai Finance Co ranks worse than 70.36% 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. Hotai Finance Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.77%.
The historical rank and industry rank for Hotai Finance Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:6592'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.43 Med: 2.34 Max: 2.94
Current: 1.64
During the past 10 years, Hotai Finance Co's highest ROC (Joel Greenblatt) % was 2.94%. The lowest was 1.43%. And the median was 2.34%.
TPE:6592's ROC (Joel Greenblatt) % is ranked worse than 70.36% of 415
companies
in the Credit Services industry
Industry Median: 38.99
vs TPE:6592: 1.64
Hotai Finance Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.30% per year.
Hotai Finance Co (TPE:6592) 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.
Hotai Finance Co ROC (Joel Greenblatt) % Related Terms
Hotai Finance Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Hotai Finance 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.
TPE:6592 vs V, MA, AXP: ROC (Joel Greenblatt) % Comparison
For the Credit Services subindustry, Hotai Finance 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.
Hotai Finance Co ROC (Joel Greenblatt) % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Hotai Finance Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hotai Finance Co's ROC (Joel Greenblatt) % falls into.
Hotai Finance 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 (Mar. 2026) 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 1.77% mean?
Hotai Finance Co (TPE:6592) has a ROC (Joel Greenblatt) % of 1.77% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Hotai Finance Co and its competitors. This is 24% below median its historical median of 2.34. Over the past decade, Hotai Finance Co's ROC (Joel Greenblatt) % has ranged from 1.43 to 2.94. According to the industry distribution chart, Hotai Finance Co ranks #292 out of 415 companies in the Credit Services industry, placing it in the top 70.4%.
Is Hotai Finance Co's ROC (Joel Greenblatt) % too high?
Hotai Finance Co's current ROC (Joel Greenblatt) % of 1.77% is 24% below median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 2.94. The Credit Services industry median ROC (Joel Greenblatt) % is 38.99. Hotai Finance Co's value of 1.77% is 95.5% below this industry median. Based on the distribution chart, Hotai Finance Co ranks #292 out of 415 companies in the Credit Services industry, which is below the industry midpoint. Overall, Hotai Finance Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hotai Finance Co's ROC (Joel Greenblatt) % compare to V and MA?
According to the Credit Services industry distribution chart, Hotai Finance Co ranks #292 out of 415 companies for ROC (Joel Greenblatt) %. This places Hotai Finance Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 38.99. Hotai Finance Co's value of 1.77% is 95.5% below this benchmark. Historically, Hotai Finance Co's own ROC (Joel Greenblatt) % has ranged from 1.43 to 2.94 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 38.99, Hotai Finance Co has consistently been below 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 Credit Services company?
The median ROC (Joel Greenblatt) % among Credit Services companies is 38.99, based on 415 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. Hotai Finance Co's current ROC (Joel Greenblatt) % of 1.77% is 95.5% below 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 Hotai Finance Co and its competitors. For the Credit Services industry, the median ROC (Joel Greenblatt) % is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotai Finance Co's current ROC (Joel Greenblatt) % is 1.77%, which is 24% below median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotai Finance Co stock overvalued right now?
Based on GuruFocus' analysis, Hotai Finance Co (TPE:6592) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$71.43, compared to a current price of NT$60.90 — trading 14.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.77%, which is 24% below median its 10-year median of 2.34 and 95.5% below the Credit Services industry median of 38.99. Hotai Finance Co's overall GF Score™ is 88/100 with 6 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 Hotai Finance Co (TPE:6592), the current ROC (Joel Greenblatt) % is 1.77% as of Mar. 2026. 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 Hotai Finance Co (TPE:6592) Overvalued in 2026?
Based on GuruFocus' analysis, Hotai Finance Co stock appears to be undervalued.
The current stock price of NT$60.90 is trading 14.7% below its estimated GF Value™ of NT$71.43.
GuruFocus considers Hotai Finance Co to be Modestly Undervalued.
Key valuation signals for TPE:6592:
ROC (Joel Greenblatt) %: 1.77% (24% below median its 10-year median of 2.34)
GF Value™: NT$71.43 vs. price of NT$60.90 (14.7% below fair value)
Industry Position: 95.5% below the Credit Services median (#292 of 415)
No single metric tells the full story. See the TPE:6592 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in the installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle & scooter, and others. The company's geographical segment consists of Taiwan and China. The company generates the majority of its revenue from Taiwan.
88GF Score
Get the complete analysis for TPE:6592
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:6592 has been successfully added to your 
