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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.

* Premium members only.

Millennium Pacific Group Holdings ROC % Chart

Millennium Pacific Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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

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

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


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

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
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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