Millennium Pacific Group Holdings (HKSE:08147) ROC % : 0.00% (As of Jun. 2024)

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What is Millennium Pacific Group Holdings ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Millennium Pacific Group Holdings's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 0.00%.

As of today (2025-03-04), Millennium Pacific Group Holdings's WACC % is 4.84%. Millennium Pacific Group Holdings's ROC % is -19.01% (calculated using TTM income statement data). Millennium Pacific Group Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Millennium Pacific Group Holdings ROC % Historical Data

The historical data trend for Millennium Pacific Group Holdings'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.

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Millennium Pacific Group Holdings ROC % Chart

Millennium Pacific Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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-31.08

-23.04

-16.57

-22.38

-13.74

Millennium Pacific Group Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROC %	Get a 7-Day Free Trial															-17.32	-9.63	-5.48	-22.20	-

Millennium Pacific Group Holdings ROC % Calculation

Millennium Pacific Group Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-3.855 * ( 1 - 0% )	/	( (41.367	+	14.737)	/ 2 )
=	-3.855	/	28.052
=	-13.74 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	38.721	-	9.676	-	( 1.655	-	max(0, 37.081	-	24.759	+	1.655	))
=	41.367

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	36.39	-	27.778	-	( 1.864	-	max(0, 42.435	-	36.31	+	1.864	))
=	14.737

Millennium Pacific Group Holdings's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	0 * ( 1 - 0% )	/	( (14.737	+	13.118)	/ 2 )
=	0	/	13.9275
=	0.00 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	36.39	-	27.778	-	( 1.864	-	max(0, 42.435	-	36.31	+	1.864	))
=	14.737

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	30.185	-	30.656	-	( 0.995	-	max(0, 43.696	-	30.107	+	0.995	))
=	13.118

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

Millennium Pacific Group Holdings (HKSE:08147) 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, Millennium Pacific Group Holdings's WACC % is 4.84%. Millennium Pacific Group Holdings's ROC % is -19.01% (calculated using TTM income statement data). Millennium Pacific Group Holdings 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.

Millennium Pacific Group Holdings ROC % Related Terms

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Millennium Pacific Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Millennium Pacific Group Holdings Ltd (HKSE:08147) » Definitions » ROC %

Traded in Other Exchanges

N/A

Address

No. 92 Granville Road, Unit 5, 4th Floor, Energy Plaza, Tsim Sha Tsui East, Happiness Center, Kowloon, Hong Kong, HKG

Website

https://www.mpgroup.hk

Millennium Pacific Group Holdings Ltd is a company that is principally engaged in developing, manufacturing, and selling consumer electronic products. The company's core products consist of fitness bracelets, GPS personal navigation devices, mobile Internet devices, and digital video recorders. The company offers customers one-stop services by providing design, sampling, producing, assembling, and packaging of its products. Some of the company's products are sold through third-party retailers and online platforms. The company has a global business presence, with Taiwan, the Netherlands, Hong Kong, and the United Kingdom its core markets.

Executives

Lu Yajing	2201 Interest of corporation controlled by you
Lucky Most Investments Limited	2101 Beneficial owner
Ma Xingzhong	2201 Interest of corporation controlled by you
Viva Gain Investments Limited	2101 Beneficial owner
Wei Haiquan	2101 Beneficial owner
Pu Wei	2101 Beneficial owner
Wu Xiongbin	2101 Beneficial owner
Martford Limited	2101 Beneficial owner
Wang Lianghai	2201 Interest of corporation controlled by you
Citic Merchant Co., Limited	2201 Interest of corporation controlled by you
Ma Xingjin	2101 Beneficial owner
Wang Lianghai	2201 Interest of corporation controlled by you

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