Viking Mines (ASX:VKA) ROC %: -64.46% (As of Dec. 2025)

What is Viking Mines ROC %?

Viking Mines ASX:VKA ROC % is -64.46% as of Dec. 2025. The stock has 1 warning sign 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 %. Viking Mines's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -64.46%.

As of today (2026-06-27), Viking Mines's WACC % is 17.61%. Viking Mines's ROC % is -68.47% (calculated using TTM income statement data). Viking Mines earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Viking Mines (ASX:VKA) 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, Viking Mines's WACC % is 17.61%. Viking Mines's ROC % is -68.47% (calculated using TTM income statement data). Viking Mines 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.

Viking Mines ROC % Related Terms

Viking Mines ROC % Historical Data

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The historical data trend for Viking Mines'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.

Viking Mines ROC % Chart

Viking Mines Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROC %

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-182.10

-69.17

-22.00

-46.98

-61.00

Viking Mines Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROC %	Get a 7-Day Free Trial															-47.06	-52.29	-37.86	-74.18	-64.46

Viking Mines ROC % Calculation

Viking Mines's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2025 is calculated as:

	ROC % (A: Jun. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2024 )	+	Invested Capital (A: Jun. 2025 ))	/ count )
=	-3.546 * ( 1 - 0% )	/	( (5.863	+	5.764)	/ 2 )
=	-3.546	/	5.8135
=	-61.00 %

where

	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	))
=	8.782	-	0.524	-	( 3.9	-	max(0, 1.578	-	3.973	+	3.9	))
=	5.863

	Invested Capital		(A: Jun. 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	))
=	8.429	-	0.162	-	( 2.629	-	max(0, 0.268	-	2.771	+	2.629	))
=	5.764

Viking Mines's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-3.726 * ( 1 - 0% )	/	( (5.764	+	5.796)	/ 2 )
=	-3.726	/	5.78
=	-64.46 %

where

	Invested Capital		(Q: Jun. 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	))
=	8.429	-	0.162	-	( 2.629	-	max(0, 0.268	-	2.771	+	2.629	))
=	5.764

	Invested Capital		(Q: Dec. 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	))
=	8.761	-	0.641	-	( 2.869	-	max(0, 0.75	-	3.074	+	2.869	))
=	5.796

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%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -64.46% mean?

Viking Mines (ASX:VKA) has a ROC % of -64.46% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Viking Mines and its competitors.

Is Viking Mines' ROC % too high?

Viking Mines' current ROC % is -64.46%.

How does Viking Mines' ROC % compare to NEM and AU?

Viking Mines' ROC % of -64.46% 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 Viking Mines and its competitors. Viking Mines's current ROC % is -64.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Viking Mines stock overvalued right now?

Viking Mines (ASX:VKA) has a current ROC % of -64.46%. The current ROC % is -64.46%. 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 Viking Mines (ASX:VKA), the current ROC % is -64.46% 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.

Viking Mines Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:KNB ASX:OZM ASX:ION ASX:GMN ASX:LAT ASX:ZAG ASX:ARI ASX:GDM ASX:PRX ASX:AHK SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM AU TSX:FNV HKSE:02259 TSX:K JSE:GFI

Other Exchanges VKALF:USA AVI:Germany

Address 15-17 Old Aberdeen Place, West Perth, Perth, WA, AUS, 6005

Website https://www.vikingmines.com

Viking Mines Ltd is engaged in investing in mineral exploration projects. The projects include: Riverina East Project, Narndee Project, and Canegrass Battery Mineral Project. The group operates in Ghana and Western Australia.