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Rubix Resources (ASX:RB6) ROC % : -78,565.52% (As of Dec. 2023)


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What is Rubix Resources 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 %. Rubix Resources's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was -78,565.52%.

As of today (2025-03-19), Rubix Resources's WACC % is 9.95%. Rubix Resources's ROC % is -33373.47% (calculated using TTM income statement data). Rubix Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Rubix Resources ROC % Historical Data

The historical data trend for Rubix Resources'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.

* Premium members only.

Rubix Resources ROC % Chart

Rubix Resources Annual Data
Trend Jun22 Jun23 Jun24
ROC %
-19,225.00 -19,106.67 -35,167.74

Rubix Resources Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROC % Get a 7-Day Free Trial -28,080.00 -10,655.56 -4,409.30 -78,565.52 2,578.95

Rubix Resources ROC % Calculation

Rubix Resources'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 )
=-5.451 * ( 1 - 0% )/( (0.011 + 0.02)/ 2 )
=-5.451/0.0155
=-35,167.74 %

where

Rubix Resources's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-11.392 * ( 1 - 0% )/( (0.011 + 0.018)/ 2 )
=-11.392/0.0145
=-78,565.52 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) 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.


Rubix Resources  (ASX:RB6) 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, Rubix Resources's WACC % is 9.95%. Rubix Resources's ROC % is -33373.47% (calculated using TTM income statement data). Rubix Resources 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.


Rubix Resources ROC % Related Terms

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Rubix Resources Business Description

Traded in Other Exchanges
N/A
Address
216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000
Rubix Resources Ltd is an exploration and mining company. It explores copper, nickel, zinc and gold minerals. The firm is engaged in the exploration of the Paperbark Project which is located near the Gulf of Carpentaria of Northwest Queensland, Australia. Etheridge Project is located in the Etheridge Goldfield of Georgetown Inlier, north Queensland. The Lake Johnston Project is located approximately 105km west of Norseman and covers the large salt pans of Lake Johnston. The Collurabbie North Project is located in the North-Eastern Goldfields Province of Western Australia. It has only one operating segment, being mineral exploration.

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