Rubicon WaterASX:RWL +1.64% ROA % is -12.25% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 511 Utilities - Regulated companies, Rubicon Water ranks worse than 96.28% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Rubicon Water's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-12.57 Mil.
Rubicon Water's average Total Assets over the quarter that ended in Dec. 2025 was A$102.56 Mil. Therefore, Rubicon Water's annualized ROA % for the quarter that ended in Dec. 2025 was -12.25%.
The historical rank and industry rank for Rubicon Water's ROA % or its related term are showing as below:
ASX:RWL'
s ROA % Range Over the Past 10 Years
Min: -11.1 Med: -7.83 Max: -0.35
Current: -11.1
During the past 4 years, Rubicon Water's highest ROA % was -0.35%. The lowest was -11.10%. And the median was -7.83%.
ASX:RWL's ROA % is ranked worse than 96.28% of 511
companies
in the Utilities - Regulated industry
Industry Median: 3.02
vs ASX:RWL: -11.10
Rubicon Water (ASX:RWL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Rubicon Water ROA % Related Terms
Rubicon Water ROA % Historical Data
* Premium members only.
The historical data trend for Rubicon Water's ROA % 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 Utilities - Regulated Water subindustry, Rubicon Water's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Rubicon Water's ROA % distribution charts can be found below:
* The bar in red indicates where Rubicon Water's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Rubicon Water (ASX:RWL) has a ROA % of -12.25% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Rubicon Water and its competitors. According to the industry distribution chart, Rubicon Water ranks #492 out of 511 companies in the Utilities - Regulated industry, placing it in the top 96.3%.
Is Rubicon Water's ROA % too high?
Rubicon Water's current ROA % is -12.25%. Based on the distribution chart, Rubicon Water ranks #492 out of 511 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers.
How does Rubicon Water's ROA % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Rubicon Water ranks #492 out of 511 companies for ROA %. This places Rubicon Water in the lower half of its industry. The industry median ROA % is 3.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.02, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Rubicon Water and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rubicon Water's current ROA % is -12.25%. 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$0.29, compared to a current price of A$0.06 — trading 78.6% below its estimated fair value. The current ROA % is -12.25%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Rubicon Water (ASX:RWL), the current ROA % is -12.25% 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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