ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Millennium Group (ASIA) PCL's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 9.24%.
As of today (2026-06-30), Millennium Group (ASIA) PCL's WACC % is 7.42%. Millennium Group (ASIA) PCL's ROIC % is 8.51% (calculated using TTM income statement data).
Millennium Group (ASIA) PCL generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Millennium Group (ASIA) PCL (BKK:MGC) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 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 ROIC % 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 Group (ASIA) PCL's WACC % is 7.42%. Millennium Group (ASIA) PCL's ROIC % is 8.51% (calculated using TTM income statement data).
Millennium Group (ASIA) PCL generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Be Aware
Like ROE % and ROA %, ROIC % 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 Group (ASIA) PCL ROIC % Related Terms
Millennium Group (ASIA) PCL ROIC % Historical 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.
For the Auto & Truck Dealerships subindustry, Millennium Group (ASIA) PCL's ROIC %, along with its competitors' market caps and ROIC % 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.
Millennium Group (ASIA) PCL ROIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Millennium Group (ASIA) PCL's ROIC % distribution charts can be found below:
* The bar in red indicates where Millennium Group (ASIA) PCL's ROIC % falls into.
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.
Millennium Group (ASIA) PCL (BKK:MGC) has a ROIC % of 9.24% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Millennium Group (ASIA) PCL and its competitors.
Is Millennium Group (ASIA) PCL's ROIC % too high?
Millennium Group (ASIA) PCL's current ROIC % is 9.24%. The Vehicles & Parts industry median ROIC % is 5.09. Millennium Group (ASIA) PCL's value of 9.24% is 81.5% above this industry median. Overall, Millennium Group (ASIA) PCL has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millennium Group (ASIA) PCL's ROIC % compare to CVNA and PAG?
Millennium Group (ASIA) PCL's ROIC % of 9.24% can be compared against companies in the Vehicles & Parts industry. The industry median ROIC % is 5.09. Millennium Group (ASIA) PCL's value of 9.24% is 81.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Vehicles & Parts company?
The median ROIC % among Vehicles & Parts companies is 5.09, based on 1,315 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millennium Group (ASIA) PCL's current ROIC % of 9.24% is 81.5% above 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Millennium Group (ASIA) PCL and its competitors. For the Vehicles & Parts industry, the median ROIC % is 5.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millennium Group (ASIA) PCL's current ROIC % is 9.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Group (ASIA) PCL stock overvalued right now?
Based on GuruFocus' analysis, Millennium Group (ASIA) PCL (BKK:MGC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿4.66, compared to a current price of ฿6.95 — trading 49.1% above its estimated fair value. The current ROIC % is 9.24% and 81.5% above the Vehicles & Parts industry median of 5.09. Millennium Group (ASIA) PCL's overall GF Score™ is 41/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Millennium Group (ASIA) PCL (BKK:MGC), the current ROIC % is 9.24% 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 Millennium Group (ASIA) PCL (BKK:MGC) Overvalued in 2026?
Based on GuruFocus' analysis, Millennium Group (ASIA) PCL stock appears to be overvalued.
The current stock price of ฿6.95 is trading 49.1% above its estimated GF Value™ of ฿4.66.
GuruFocus considers Millennium Group (ASIA) PCL to be Significantly Overvalued.
Key valuation signals for BKK:MGC:
ROIC %: 9.24%
GF Value™: ฿4.66 vs. price of ฿6.95 (49.1% above fair value)
Industry Position: 81.5% above the Vehicles & Parts median
No single metric tells the full story. See the BKK:MGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millennium Group Corp (ASIA) PCL is engaged in providing management consulting services and activities aimed at maximising benefits. Its principal business includes the sale of automobiles, yachts, and spare parts, car maintenance and other services, car rental and chauffeur services, telephone systems, computer programs, human resource development, training services, marketing management services, insurance brokerage, vehicle leasing, and customer acquisition for private jet charter services rental. Its reportable segments include the sale of automobiles, accessories, decorations, and related apparel, after-sales services, automotive parts and maintenance services for independent cars, car and driver rental services, and other businesses. The Group operates principally in Thailand.
41GF Score
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