ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Thai Mui PCL's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 1.14%.
As of today (2026-06-26), Thai Mui PCL's WACC % is 6.43%. Thai Mui PCL's ROC % is 4.02% (calculated using TTM income statement data).
Thai Mui PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Thai Mui PCL (BKK:THMUI) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Thai Mui PCL's WACC % is 6.43%. Thai Mui PCL's ROC % is 4.02% (calculated using TTM income statement data).
Thai Mui PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Thai Mui PCL ROC % Related Terms
Thai Mui PCL ROC % Historical Data
* Premium members only.
The historical data trend for Thai Mui PCL's ROC % 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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Thai Mui PCL (BKK:THMUI) has a ROC % of 1.14% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Thai Mui PCL and its competitors.
Is Thai Mui PCL's ROC % too high?
Thai Mui PCL's current ROC % is 1.14%. The Industrial Distribution industry median ROC % is 6.25. Thai Mui PCL's value of 1.14% is 81.7% below this industry median. Overall, Thai Mui PCL has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thai Mui PCL's ROC % compare to GWW and FAST?
Thai Mui PCL's ROC % of 1.14% can be compared against companies in the Industrial Distribution industry. The industry median ROC % is 6.25. Thai Mui PCL's value of 1.14% is 81.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Industrial Distribution company?
The median ROC % among Industrial Distribution companies is 6.25, based on 156 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Mui PCL's current ROC % of 1.14% is 81.7% 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 % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Thai Mui PCL and its competitors. For the Industrial Distribution industry, the median ROC % is 6.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Mui PCL's current ROC % is 1.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Mui PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Mui PCL (BKK:THMUI) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.31 — trading 50.8% below its estimated fair value. The current ROC % is 1.14% and 81.7% below the Industrial Distribution industry median of 6.25. Thai Mui PCL's overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Thai Mui PCL (BKK:THMUI), the current ROC % is 1.14% 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 Thai Mui PCL (BKK:THMUI) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Mui PCL stock appears to be undervalued.
The current stock price of ฿0.31 is trading 50.8% below its estimated GF Value™ of ฿0.63.
GuruFocus considers Thai Mui PCL to be Possible Value Trap.
Key valuation signals for BKK:THMUI:
ROC %: 1.14%
GF Value™: ฿0.63 vs. price of ฿0.31 (50.8% below fair value)
Industry Position: 81.7% below the Industrial Distribution median
No single metric tells the full story. See the BKK:THMUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Mui Corp PCL is engaged in the retail and wholesale of ironware, wire rope, saw, and pipe, and provides loop wire rope and equipment installation and inspection, plumbing contractor project, and construction of a water quality improvement business for shrimp farm. Its products include Wire rope, Skate, Soft sling, Hook, etc. The company's segments are Sales and service and Project work. The key revenue is derived from the sale of wire rope and lifting equipment, including replacement and installation, and providing technical inspection, testing, and analysis equipment activity. The group operates in Thailand.
53GF Score
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