ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Fitzroy River's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -14.08%.
As of today (2026-06-26), Fitzroy River's WACC % is 7.48%. Fitzroy River's ROC % is -11.48% (calculated using TTM income statement data).
Fitzroy River earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Fitzroy River (ASX:FZR) 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, Fitzroy River's WACC % is 7.48%. Fitzroy River's ROC % is -11.48% (calculated using TTM income statement data).
Fitzroy River earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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.
Fitzroy River ROC % Related Terms
Fitzroy River ROC % Historical Data
* Premium members only.
The historical data trend for Fitzroy River'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.
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%.
* 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.
Fitzroy River (ASX:FZR) has a ROC % of -14.08% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Fitzroy River and its competitors.
Is Fitzroy River's ROC % too high?
Fitzroy River's current ROC % is -14.08%. Overall, Fitzroy River has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fitzroy River's ROC % compare to COP and EOG?
Fitzroy River's ROC % of -14.08% can be compared against companies in the Oil & Gas industry. The industry median ROC % is 3.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Oil & Gas company?
The median ROC % among Oil & Gas companies is 3.63, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. 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 Fitzroy River and its competitors. For the Oil & Gas industry, the median ROC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fitzroy River's current ROC % is -14.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fitzroy River stock overvalued right now?
Based on GuruFocus' analysis, Fitzroy River (ASX:FZR) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.10, compared to a current price of A$0.21 — trading 105% above its estimated fair value. The current ROC % is -14.08%. Fitzroy River's overall GF Score™ is 47/100 with 4 warning signs to review. 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 Fitzroy River (ASX:FZR), the current ROC % is -14.08% 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 Fitzroy River (ASX:FZR) Overvalued in 2026?
Based on GuruFocus' analysis, Fitzroy River stock appears to be overvalued.
The current stock price of A$0.21 is trading 105% above its estimated GF Value™ of A$0.10.
GuruFocus considers Fitzroy River to be Significantly Overvalued.
Key valuation signals for ASX:FZR:
ROC %: -14.08%
GF Value™: A$0.10 vs. price of A$0.21 (105% above fair value)
No single metric tells the full story. See the ASX:FZR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fitzroy River Corp Ltd is an oil and gas and mineral investment holding company focusing on non-operational assets such as royalties, free carried interests, and equity investments. Its primary focus is on Western Australia, specifically, the Canning Superbasin, where the company holds royalty interests. Revenue is realized in the form of royalty income and interest. The company has one operating segment: the management of resource-based royalties and investments. The company derives its revenue within Australia.
47GF Score
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