Millcon Steel PCLBKK:MILL-R ROC (Joel Greenblatt) % is 1.41% as of Sep. 2025, which is 73% below its 10-year median of 5.30. The stock has 8 warning signs investors should review. Among 633 Steel companies, Millcon Steel PCL ranks worse than 75.2% 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. Millcon Steel PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 1.41%.
The historical rank and industry rank for Millcon Steel PCL's ROC (Joel Greenblatt) % or its related term are showing as below:
BKK:MILL-R'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.22 Med: 5.3 Max: 9.82
Current: 0.05
During the past 13 years, Millcon Steel PCL's highest ROC (Joel Greenblatt) % was 9.82%. The lowest was -2.22%. And the median was 5.30%.
BKK:MILL-R's ROC (Joel Greenblatt) % is ranked worse than 75.2% of 633
companies
in the Steel industry
Industry Median: 6.93
vs BKK:MILL-R: 0.05
Millcon Steel PCL's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Millcon Steel PCL ROC (Joel Greenblatt) % Related Terms
Millcon Steel PCL ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Millcon Steel PCL'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.
BKK:MILL-R vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Millcon Steel PCL'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.
Millcon Steel PCL ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Millcon Steel PCL's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Millcon Steel PCL's ROC (Joel Greenblatt) % falls into.
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 (Sep. 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 1.41% mean?
Millcon Steel PCL (BKK:MILL-R) has a ROC (Joel Greenblatt) % of 1.41% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Millcon Steel PCL and its competitors. This is 73% below median its historical median of 5.30. According to the industry distribution chart, Millcon Steel PCL ranks #476 out of 633 companies in the Steel industry, placing it in the top 75.2%.
Is Millcon Steel PCL's ROC (Joel Greenblatt) % too high?
Millcon Steel PCL's current ROC (Joel Greenblatt) % of 1.41% is 73% below median its 10-year median of 5.30. The Steel industry median ROC (Joel Greenblatt) % is 6.93. Millcon Steel PCL's value of 1.41% is 79.7% below this industry median. Based on the distribution chart, Millcon Steel PCL ranks #476 out of 633 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Millcon Steel PCL's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Millcon Steel PCL ranks #476 out of 633 companies for ROC (Joel Greenblatt) %. This places Millcon Steel PCL in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.93. Millcon Steel PCL's value of 1.41% is 79.7% below this benchmark. While the company's 10-year median is 5.30 vs. the industry median of 6.93, Millcon Steel PCL 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 6.93, based on 633 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. Millcon Steel PCL's current ROC (Joel Greenblatt) % of 1.41% is 79.7% 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 Millcon Steel PCL and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millcon Steel PCL's current ROC (Joel Greenblatt) % is 1.41%, which is 73% below median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millcon Steel PCL stock overvalued right now?
Millcon Steel PCL (BKK:MILL-R) has a current ROC (Joel Greenblatt) % of 1.41%. The current ROC (Joel Greenblatt) % is 1.41%, which is 73% below median its 10-year median of 5.30 and 79.7% below the Steel industry median of 6.93. 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 Millcon Steel PCL (BKK:MILL-R), the current ROC (Joel Greenblatt) % is 1.41% as of Sep. 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.
Millcon Steel PCL principal activity is manufacturing and trading of steel. The reportable segments of the company are the Manufacturing segment and Trading segment. The company generates majority of revenue from Manufacturing segment. The vast majority of its revenue comes from the Domestic Market. Its products and services are REINFORCING STEEL BARS, ROUND STEEL BARS, REINFORCING STEEL BARS (THREADED TYPE), WIRE, STEEL PIPE, C-SHAPED STEEL, GALVANIZED STEEL.
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