Legacy Iron Ore (ASX:LCY) ROC %: -15.51% (As of Mar. 2026)


What is Legacy Iron Ore ROC %?

Legacy Iron Ore ASX:LCY ROC % is -15.51% as of Mar. 2026. The stock has 2 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 %. Legacy Iron Ore's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -15.51%.

As of today (2026-06-27), Legacy Iron Ore's WACC % is 8.41%. Legacy Iron Ore's ROC % is -20.14% (calculated using TTM income statement data). Legacy Iron Ore earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Legacy Iron Ore  (ASX:LCY) 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, Legacy Iron Ore's WACC % is 8.41%. Legacy Iron Ore's ROC % is -20.14% (calculated using TTM income statement data). Legacy Iron Ore 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.

Legacy Iron Ore ROC % Related Terms

Legacy Iron Ore ROC % Historical Data

* Premium members only.

The historical data trend for Legacy Iron Ore'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.

Legacy Iron Ore ROC % Chart

Legacy Iron Ore Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.94 -10.62 -60.52 -110.19 -19.90

Legacy Iron Ore Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -109.04 -132.94 -94.13 -25.15 -15.51

Legacy Iron Ore ROC % Calculation

Legacy Iron Ore's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2026 is calculated as:

ROC % (A: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2025 ) + Invested Capital (A: Mar. 2026 ))/ count )
=-4.857 * ( 1 - 0% )/( (23.8 + 25.015)/ 2 )
=-4.857/24.4075
=-19.90 %

where

Invested Capital(A: Mar. 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))
=37.958 - 4.238 - ( 11.145 - max(0, 5.78 - 15.7+11.145))
=23.8

Invested Capital(A: Mar. 2026 )
=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))
=37.894 - 4.346 - ( 9.671 - max(0, 4.468 - 13.001+9.671))
=25.015

Legacy Iron Ore's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-3.764 * ( 1 - 0% )/( (23.525 + 25.015)/ 2 )
=-3.764/24.27
=-15.51 %

where

Invested Capital(Q: Sep. 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))
=37.294 - 5.811 - ( 10.984 - max(0, 7.545 - 15.503+10.984))
=23.525

Invested Capital(Q: Mar. 2026 )
=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))
=37.894 - 4.346 - ( 9.671 - max(0, 4.468 - 13.001+9.671))
=25.015

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -15.51% mean?
Legacy Iron Ore (ASX:LCY) has a ROC % of -15.51% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Legacy Iron Ore and its competitors.
Is Legacy Iron Ore's ROC % too high?
Legacy Iron Ore's current ROC % is -15.51%.
How does Legacy Iron Ore's ROC % compare to competitors?
Legacy Iron Ore's ROC % of -15.51% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good ROC % depends on the Metals & Mining 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 Legacy Iron Ore and its competitors. Legacy Iron Ore's current ROC % is -15.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Iron Ore stock overvalued right now?
Legacy Iron Ore (ASX:LCY) has a current ROC % of -15.51%. The current ROC % is -15.51%. 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 Legacy Iron Ore (ASX:LCY), the current ROC % is -15.51% as of Mar. 2026. 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.

Legacy Iron Ore Business Description

Address 200 Adelaide Terrace, Level 6, West Perth, Perth, WA, AUS, 6004
Legacy Iron Ore Ltd is an active exploration and gold mining company with a diverse portfolio of prospective assets. The company owns a gold mine at Mount Celia and is advancing the development of additional gold, iron, and base metal assets in Western Australia through systematic exploration and mine development programs. Its portfolio comprises three key projects, namely Mt Bevan, South Laverton, and East Kimberley. The company has three reportable segments: Iron ore exploration and development in Australia; (ii) Gold exploration and development in Australia, and (iii) Base metals and other critical minerals (OCM) exploration and development in Australia. The majority of revenue is derived from the Gold segment.