Rubicon WaterASX:RWL -3.17% Return-on-Tangible-Asset is -13.05% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 510 Utilities - Regulated companies, Rubicon Water ranks worse than 96.27% on this metric.
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. Rubicon Water's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-12.57 Mil. Rubicon Water's average total tangible assets for the quarter that ended in Dec. 2025 was A$96.30 Mil. Therefore, Rubicon Water's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -13.05%.
The historical rank and industry rank for Rubicon Water's Return-on-Tangible-Asset or its related term are showing as below:
ASX:RWL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.77 Med: -8.13 Max: -0.35
Current: -11.77
During the past 4 years, Rubicon Water's highest Return-on-Tangible-Asset was -0.35%. The lowest was -11.77%. And the median was -8.13%.
ASX:RWL's Return-on-Tangible-Asset is ranked worse than 96.27% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs ASX:RWL: -11.77
Rubicon Water (ASX:RWL) 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.
Rubicon Water Return-on-Tangible-Asset Related Terms
Rubicon Water Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Rubicon Water'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:RWL vs AWK, WTRG, AWR: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, Rubicon Water'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.
Rubicon Water Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Rubicon Water's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rubicon Water'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 -13.05% mean?
Rubicon Water (ASX:RWL) has a Return-on-Tangible-Asset of -13.05% 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 Rubicon Water and its competitors. According to the industry distribution chart, Rubicon Water ranks #491 out of 510 companies in the Utilities - Regulated industry, placing it in the top 96.3%.
Is Rubicon Water's Return-on-Tangible-Asset too high?
Rubicon Water's current Return-on-Tangible-Asset is -13.05%. Based on the distribution chart, Rubicon Water ranks #491 out of 510 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers.
How does Rubicon Water's Return-on-Tangible-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Rubicon Water ranks #491 out of 510 companies for Return-on-Tangible-Asset. This places Rubicon Water in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.30. 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 3.30, 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 Rubicon Water and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rubicon Water's current Return-on-Tangible-Asset is -13.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rubicon Water stock overvalued right now?
Based on GuruFocus' analysis, Rubicon Water (ASX:RWL) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.30, compared to a current price of A$0.06 — trading 79.7% below its estimated fair value. The current Return-on-Tangible-Asset is -13.05%. 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 Rubicon Water (ASX:RWL), the current Return-on-Tangible-Asset is -13.05% 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.
Rubicon Water Ltd is engaged in the water technology solutions business that designs, manufactures, installs, and maintains irrigation automation software and hardware. It generates revenue through sales of hardware, software, and services, as well as from ongoing maintenance of the installed end-to-end solution base.
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