Regional Express Holdings (ASX:REX) ROC %: 0.00% (As of Dec. 2023)

What is Regional Express Holdings ROC %?

Regional Express Holdings ASX:REX 4 ROC % is 0.00% as of Dec. 2023. GuruFocus rates ASX:REX with a GF Score™ of 4/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Regional Express Holdings's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was 0.00%.

As of today (2026-06-25), Regional Express Holdings's WACC % is 0.00%. Regional Express Holdings's ROC % is 0.00% (calculated using TTM income statement data). Regional Express Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Regional Express Holdings (ASX:REX) 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, Regional Express Holdings's WACC % is 0.00%. Regional Express Holdings's ROC % is 0.00% (calculated using TTM income statement data). Regional Express Holdings 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.

Regional Express Holdings ROC % Related Terms

Regional Express Holdings ROC % Historical Data

* Premium members only.

The historical data trend for Regional Express Holdings'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.

Regional Express Holdings ROC % Chart

Regional Express Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROC %

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5.72

-6.76

-16.20

-21.54

-7.10

Regional Express Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROC %	Get a 7-Day Free Trial															-28.92	-15.62	-11.46	-1.45	0.00

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Regional Express Holdings Ltd ASX:REX

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Regional Express Holdings ROC % Calculation

Regional Express Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2023 is calculated as:

	ROC % (A: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2022 )	+	Invested Capital (A: Jun. 2023 ))	/ count )
=	-40.064 * ( 1 - 0% )	/	( (483.04	+	645.404)	/ 2 )
=	-40.064	/	564.222
=	-7.10 %

where

	Invested Capital		(A: Jun. 2022 )
=	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	))
=	495.584	-	52.704	-	( 57.542	-	max(0, 143.619	-	103.459	+	57.542	))
=	483.04

	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	))
=	652.673	-	75.176	-	( 58.39	-	max(0, 181.552	-	113.645	+	58.39	))
=	645.404

Regional Express Holdings'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 )
=	-9.032 * ( 1 - 99.66% )	/	( (645.404	+	732.97)	/ 2 )
=	-0.030708800000001	/	689.187
=	-0.00 %

where

	Invested Capital		(Q: 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	))
=	652.673	-	75.176	-	( 58.39	-	max(0, 181.552	-	113.645	+	58.39	))
=	645.404

	Invested Capital		(Q: Dec. 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	))
=	737.161	-	88.095	-	( 79.497	-	max(0, 207.494	-	123.59	+	79.497	))
=	732.97

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of 0.00% mean?

Regional Express Holdings (ASX:REX) has a ROC % of 0.00% as of Dec. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Regional Express Holdings and its competitors.

Is Regional Express Holdings' ROC % too high?

Regional Express Holdings' current ROC % is 0.00%. Overall, Regional Express Holdings has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Regional Express Holdings' ROC % compare to DAL and LUV?

Regional Express Holdings' ROC % of 0.00% can be compared against companies in the Transportation industry. The industry median ROC % is 4.69. 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 Transportation company?

The median ROC % among Transportation companies is 4.69, based on 994 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 Regional Express Holdings and its competitors. For the Transportation industry, the median ROC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Regional Express Holdings's current ROC % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Regional Express Holdings stock overvalued right now?

Regional Express Holdings (ASX:REX) has a current ROC % of 0.00%. The current ROC % is 0.00%. Regional Express Holdings' overall GF Score™ is 4/100. 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 Regional Express Holdings (ASX:REX), the current ROC % is 0.00% as of Dec. 2023. 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.

Regional Express Holdings Business Description

Industry Industrials Transportation

Comparable Companies ASX:PFP ASX:BRG ASX:OCL ASX:CGF ASX:SCG ASX:SOC ASX:CLV ASX:KLS ASX:FND ASX:CIP DAL NSE:INDIGO DUB:RYA LUV UAL SGX:C6L SHSE:601111 SHSE:600029 IST:THYAO LSE:IAG

Address 81-83 Baxter Road, Mascot, Sydney, NSW, AUS, 2020

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

Regional Express Holdings Ltd is an Australian-based airline company. The company is engaged in the provision of air services for the transportation of passengers and freight. Its operating segment includes Regular public transport, Charter and other, and Training. The company generates maximum revenue from the Regular public transport segment. Some of its services include Web Check-in; Print Invoices; Safe Hand Baggage; Travel Insurance and others.

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