Millennium Group (ASIA) PCL (BKK:MGC) ROCE % : 6.32% (As of Sep. 2024)

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What is Millennium Group (ASIA) PCL ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Millennium Group (ASIA) PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.32%.

Millennium Group (ASIA) PCL ROCE % Historical Data

The historical data trend for Millennium Group (ASIA) PCL's ROCE % 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 Group (ASIA) PCL ROCE % Chart

Millennium Group (ASIA) PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

13.50

18.58

18.69

Millennium Group (ASIA) PCL Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial								14.96	13.46	6.91	8.85	6.32

Millennium Group (ASIA) PCL ROCE % Calculation

Millennium Group (ASIA) PCL's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	911.159	/	( ( (10326.282 - 6351.849)	+	(12328.194 - 6551.783) )	/ 2 )
	=	911.159	/	( (3974.433	+	5776.411)	/ 2 )
	=	911.159	/	4875.422
	=	18.69 %

Millennium Group (ASIA) PCL's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	495.76	/	( ( (14836.686 - 6944.628)	+	(14648.612 - 6855.118) )	/ 2 )
	=	495.76	/	( ( 7892.058	+	7793.494 )	/ 2 )
	=	495.76	/	7842.776
	=	6.32 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Millennium Group (ASIA) PCL (BKK:MGC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Millennium Group (ASIA) PCL ROCE % Related Terms

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Millennium Group (ASIA) PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Millennium Group Corp (ASIA) PCL (BKK:MGC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2222/9 Ladprao Road, Phlapphla Subdistrict, Wang Thonglang District, Bangkok, THA, 10310

Website

https://www.mgc-asia.com

Millennium Group Corp (ASIA) PCL is a holding company that operates a full range of businesses in the automotive industry. The group operates in four business segments; the Automotive sales business segment, the After-sales service business group and independent car maintenance services segment, The Car and driver rental business segment, and Others. The majority of revenue is derived from the Automotive sales business segment.