Juno Minerals (ASX:JNO) ROC % : -5.05% (As of Dec. 2024)

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What is Juno Minerals ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Juno Minerals's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -5.05%.

As of today (2025-03-24), Juno Minerals's WACC % is 8.88%. Juno Minerals's ROC % is -4.75% (calculated using TTM income statement data). Juno Minerals earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Juno Minerals ROC % Historical Data

The historical data trend for Juno Minerals'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.

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Juno Minerals ROC % Chart

Juno Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROC %

-4.41

-3.47

-42.07

-5.32

Juno Minerals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROC %	Get a 7-Day Free Trial			-3.64	-77.54	-6.14	-4.46	-5.05

Juno Minerals ROC % Calculation

Juno Minerals's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2024 is calculated as:

	ROC % (A: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2023 )	+	Invested Capital (A: Jun. 2024 ))	/ count )
=	-1.185 * ( 1 - 0% )	/	( (21.08	+	23.507)	/ 2 )
=	-1.185	/	22.2935
=	-5.32 %

where

	Invested Capital		(A: Jun. 2023 )
=	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	))
=	22.981	-	0.316	-	( 1.606	-	max(0, 0.34	-	1.925	+	1.606	))
=	21.08

	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	))
=	25.736	-	0.178	-	( 2.138	-	max(0, 0.212	-	2.263	+	2.138	))
=	23.507

Juno Minerals's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-1.236 * ( 1 - 0% )	/	( (23.507	+	25.418)	/ 2 )
=	-1.236	/	24.4625
=	-5.05 %

where

	Invested Capital		(Q: 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	))
=	25.736	-	0.178	-	( 2.138	-	max(0, 0.212	-	2.263	+	2.138	))
=	23.507

	Invested Capital		(Q: Dec. 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	))
=	27.07	-	0.538	-	( 2.374	-	max(0, 1.32	-	2.434	+	2.374	))
=	25.418

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

Juno Minerals (ASX:JNO) 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, Juno Minerals's WACC % is 8.88%. Juno Minerals's ROC % is -4.75% (calculated using TTM income statement data). Juno Minerals 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.

Juno Minerals ROC % Related Terms

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Juno Minerals Business Description

Industry

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Traded in Other Exchanges

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Address

2A/300 Fitzgerald Street, Level 1, North Perth, Perth, WA, AUS, 6006

Website

https://www.junominerals.com.au

Juno Minerals Ltd is a mineral exploration company with a predominant focus on exploration for iron ore. It is engaged in the evaluation and development of the Mount Mason DSO Hematite Project, Mount Ida Magnetite Project, and Mount Ida Lithium Prospect.

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