BTC Health (ASX:BTC) ROC %: -5.01% (As of Dec. 2025)

What is BTC Health ROC %?

BTC Health ASX:BTC ROC % is -5.01% as of Dec. 2025. The stock has 3 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. BTC Health's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -5.01%.

As of today (2026-06-26), BTC Health's WACC % is -8.67%. BTC Health's ROC % is -5.32% (calculated using TTM income statement data). BTC Health generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

BTC Health (ASX:BTC) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, BTC Health's WACC % is -8.67%. BTC Health's ROC % is -5.32% (calculated using TTM income statement data). BTC Health generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.

BTC Health ROC % Related Terms

BTC Health ROC % Historical Data

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The historical data trend for BTC Health's ROC % 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.

BTC Health ROC % Chart

BTC Health Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROC %

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-4.74

-5.89

-9.10

-29.89

-11.21

BTC Health Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROC %	Get a 7-Day Free Trial															-27.29	-21.46	-12.94	-5.80	-5.01

BTC Health ROC % Calculation

BTC Health's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2025 is calculated as:

	ROC % (A: Jun. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2024 )	+	Invested Capital (A: Jun. 2025 ))	/ count )
=	-0.675 * ( 1 - 0% )	/	( (3.218	+	8.825)	/ 2 )
=	-0.675	/	6.0215
=	-11.21 %

where

	Invested Capital		(A: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.149	-	0.099	-	( 2.022	-	max(0, 0.204	-	2.036	+	2.022	))
=	3.218

	Invested Capital		(A: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9.358	-	0.097	-	( 0.62	-	max(0, 0.202	-	0.638	+	0.62	))
=	8.825

BTC Health's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-0.466 * ( 1 - 0% )	/	( (8.825	+	9.786)	/ 2 )
=	-0.466	/	9.3055
=	-5.01 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9.358	-	0.097	-	( 0.62	-	max(0, 0.202	-	0.638	+	0.62	))
=	8.825

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	11.313	-	0.072	-	( 1.642	-	max(0, 0.249	-	1.704	+	1.642	))
=	9.786

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -5.01% mean?

BTC Health (ASX:BTC) has a ROC % of -5.01% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on BTC Health and its competitors.

Is BTC Health's ROC % too high?

BTC Health's current ROC % is -5.01%.

How does BTC Health's ROC % compare to VRTX and REGN?

BTC Health's ROC % of -5.01% can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Biotechnology company?

A good ROC % depends on the Biotechnology industry context. However, ROC % 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 ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on BTC Health and its competitors. BTC Health's current ROC % is -5.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BTC Health stock overvalued right now?

BTC Health (ASX:BTC) has a current ROC % of -5.01%. The current ROC % is -5.01%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For BTC Health (ASX:BTC), the current ROC % is -5.01% 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.

BTC Health Business Description

Industry Healthcare Biotechnology

Comparable Companies ASX:PIQ ASX:NTI ASX:AGN ASX:1AI ASX:RNV ASX:IMC ASX:NOX ASX:CMB ASX:1AD ASX:EZZ VRTX REGN XBRU:UCB XBRU:ARGX XKRX:207940 ALNY RVMD ASX:CSL ONC XKRX:068270

Address 10 Oxley Road, Level 1, Hawthorn, Melbourne, VIC, AUS, 3122

Website https://www.btchealth.com.au

BTC Health Ltd is a pooled development fund focused on seeking new investment opportunities in entities operating in the biotechnology and life sciences sectors. Its sole operating segment involves making and managing healthcare ventures. The company's products include Elasto-Q, Rythmic Infusion Pumps, Tiva, Infusion and Nerve Catheter Kits, Biopsy Needles, Radiological Markers, Rebellion Bone Removal System, Bonopty Coaxial Bone Biopsy, ECLS (Extracorporeal Life Support) Oxygenators, Pears, Valves, NEOLA, and LPS Adsorber. Geographically, it operates in Australia.