Millcon Steel PCLBKK:MILL-R 3-Year ROIIC % is -34.15 as of Dec. 2023. The stock has 8 warning signs investors should review. Among 608 Steel companies, Millcon Steel PCL ranks worse than 81.25% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Millcon Steel PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was -34.15%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Millcon Steel PCL's 3-Year ROIIC % or its related term are showing as below:
BKK:MILL-R's 3-Year ROIIC % is ranked worse than 81.25% of 608
companies
in the Steel industry
Industry Median: -0.25
vs BKK:MILL-R: -34.15
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Millcon Steel PCL 3-Year ROIIC % Related Terms
Millcon Steel PCL 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Millcon Steel PCL's 3-Year ROIIC % 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.
BKK:MILL-R vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Millcon Steel PCL's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Millcon Steel PCL 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Millcon Steel PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Millcon Steel PCL's 3-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Millcon Steel PCL (BKK:MILL-R) has a 3-Year ROIIC % of -34.15 as of Dec. 2023. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Millcon Steel PCL and its competitors. According to the industry distribution chart, Millcon Steel PCL ranks #494 out of 608 companies in the Steel industry, placing it in the top 81.2%.
Is Millcon Steel PCL's 3-Year ROIIC % too high?
Millcon Steel PCL's current 3-Year ROIIC % is -34.15. Based on the distribution chart, Millcon Steel PCL ranks #494 out of 608 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Millcon Steel PCL's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Millcon Steel PCL ranks #494 out of 608 companies for 3-Year ROIIC %. This places Millcon Steel PCL in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Millcon Steel PCL and its competitors. Millcon Steel PCL's current 3-Year ROIIC % is -34.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millcon Steel PCL stock overvalued right now?
Millcon Steel PCL (BKK:MILL-R) has a current 3-Year ROIIC % of -34.15. The current 3-Year ROIIC % is -34.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Millcon Steel PCL (BKK:MILL-R), the current 3-Year ROIIC % is -34.15 as of Dec. 2023. 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.
Millcon Steel PCL principal activity is manufacturing and trading of steel. The reportable segments of the company are the Manufacturing segment and Trading segment. The company generates majority of revenue from Manufacturing segment. The vast majority of its revenue comes from the Domestic Market. Its products and services are REINFORCING STEEL BARS, ROUND STEEL BARS, REINFORCING STEEL BARS (THREADED TYPE), WIRE, STEEL PIPE, C-SHAPED STEEL, GALVANIZED STEEL.
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