Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Millennium SilverTSXV:MSC 3-Year ROIIC % is -0.35 as of Dec. 2025. The stock has 2 warning signs investors should review. Among 2,305 Metals & Mining companies, Millennium Silver ranks better than 53.88% 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.
Millennium Silver's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -0.35%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Millennium Silver's 3-Year ROIIC % or its related term are showing as below:
TSXV:MSC's 3-Year ROIIC % is ranked better than 53.88% of 2305
companies
in the Metals & Mining industry
Industry Median: -2.53
vs TSXV:MSC: -0.35
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.
Millennium Silver 3-Year ROIIC % Related Terms
Millennium Silver 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Millennium Silver'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.
For the Other Precious Metals & Mining subindustry, Millennium Silver'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.
Millennium Silver 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Millennium Silver's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Millennium Silver's 3-Year ROIIC % falls into.
Millennium Silver's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -0.095 (Dec. 2025) - -0.118 (Dec. 2022) )
/
( 0.161 (Dec. 2025) - 6.804 (Dec. 2022) )
=
0.023
/
-6.643
=
-0.35%***
* 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.
Millennium Silver (TSXV:MSC) has a 3-Year ROIIC % of -0.35 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Millennium Silver and its competitors. According to the industry distribution chart, Millennium Silver ranks #1063 out of 2305 companies in the Metals & Mining industry, placing it in the top 46.1%.
Is Millennium Silver's 3-Year ROIIC % too high?
Millennium Silver's current 3-Year ROIIC % is -0.35. Based on the distribution chart, Millennium Silver ranks #1063 out of 2305 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Millennium Silver's 3-Year ROIIC % compare to HL?
According to the Metals & Mining industry distribution chart, Millennium Silver ranks #1063 out of 2305 companies for 3-Year ROIIC %. This puts Millennium Silver in the upper 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 Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining 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 Millennium Silver and its competitors. Millennium Silver's current 3-Year ROIIC % is -0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Silver stock overvalued right now?
Millennium Silver (TSXV:MSC) has a current 3-Year ROIIC % of -0.35. The current 3-Year ROIIC % is -0.35. 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 Millennium Silver (TSXV:MSC), the current 3-Year ROIIC % is -0.35 as of Dec. 2025. 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.
Millennium Silver Corp primary business is the acquisition, exploration, and evaluation of mineral properties in Nevada, USA. The Company operates in one business segment, being the acquisition and exploration and evaluation of mineral assets which are located in the United States. The company's projects are Silver Peak property, and Simon Property.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:MSC has been successfully added to your 
