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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Rivco Australia's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-5.24 Mil. Rivco Australia's average total tangible assets for the quarter that ended in Dec. 2025 was A$5.04 Mil. Therefore, Rivco Australia's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -103.93%.
The historical rank and industry rank for Rivco Australia's Return-on-Tangible-Asset or its related term are showing as below:
ASX:D2O'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 33.38 Med: 50.83 Max: 474.76
Current: 440.92
During the past 9 years, Rivco Australia's highest Return-on-Tangible-Asset was 474.76%. The lowest was 33.38%. And the median was 50.83%.
ASX:D2O's Return-on-Tangible-Asset is not ranked
in the Utilities - Regulated industry.
Industry Median: 3.305
vs ASX:D2O: 440.92
Rivco Australia (ASX:D2O) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Rivco Australia Return-on-Tangible-Asset Related Terms
Rivco Australia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Rivco Australia's Return-on-Tangible-Asset 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.
ASX:D2O vs AWK, WTRG, AWR: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, Rivco Australia's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Rivco Australia Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Rivco Australia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rivco Australia's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -103.93% mean?
Rivco Australia (ASX:D2O) has a Return-on-Tangible-Asset of -103.93% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Rivco Australia and its competitors. Over the past decade, Rivco Australia's Return-on-Tangible-Asset has ranged from 33.38 to 474.76.
Is Rivco Australia's Return-on-Tangible-Asset too high?
Rivco Australia's current Return-on-Tangible-Asset is -103.93%. Over the past 10 years, this metric has ranged from a low of 33.38 to a high of 474.76. Overall, Rivco Australia has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Rivco Australia's Return-on-Tangible-Asset compare to AWK and WTRG?
Rivco Australia's Return-on-Tangible-Asset of -103.93% can be compared against companies in the Utilities - Regulated industry. The industry median Return-on-Tangible-Asset is 3.31. Historically, Rivco Australia's own Return-on-Tangible-Asset has ranged from 33.38 to 474.76 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Rivco Australia and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rivco Australia's current Return-on-Tangible-Asset is -103.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rivco Australia stock overvalued right now?
Rivco Australia (ASX:D2O) has a current Return-on-Tangible-Asset of -103.93%. The stock's GF Value™ is A$1.24, compared to a current price of A$1.53 — trading 23.4% above its estimated fair value. The current Return-on-Tangible-Asset is -103.93%. Rivco Australia's overall GF Score™ is 10/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Rivco Australia (ASX:D2O), the current Return-on-Tangible-Asset is -103.93% 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.
Is Rivco Australia (ASX:D2O) Overvalued in 2026?
Based on GuruFocus' analysis, Rivco Australia stock appears to be overvalued.
The current stock price of A$1.53 is trading 23.4% above its estimated GF Value™ of A$1.24.
Key valuation signals for ASX:D2O:
Return-on-Tangible-Asset: -103.93%
GF Value™: A$1.24 vs. price of A$1.53 (23.4% above fair value)
No single metric tells the full story. See the ASX:D2O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rivco Australia Ltd provides investors with a direct and pure exposure to Australian water markets. Rivco's primary business activity is to build a diversified portfolio of water entitlements, and through active management, generate a return by offering a range of water supply products to Australian water users. The company are partners with irrigators across the Murray-Darling Basin to deliver reliable water supply solutions. It's products help growers manage seasonal variability and allow planning decisions based on their portfolio.
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