ATXRF (ATEX Resources) ROC %: -325.09% (As of Mar. 2026)

What is ATEX Resources ROC %?

ATEX Resources ATXRF 34 ROC % is -325.09% as of Mar. 2026. GuruFocus rates ATXRF with a GF Score™ of 34/100. 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 %. ATEX Resources's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -325.09%.

As of today (2026-06-27), ATEX Resources's WACC % is 16.64%. ATEX Resources's ROC % is -270.66% (calculated using TTM income statement data). ATEX Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

ATEX Resources (OTCPK:ATXRF) 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, ATEX Resources's WACC % is 16.64%. ATEX Resources's ROC % is -270.66% (calculated using TTM income statement data). ATEX 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.

ATEX Resources ROC % Related Terms

ATEX Resources ROC % Historical Data

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The historical data trend for ATEX 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.

ATEX Resources ROC % Chart

ATEX Resources Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROC %

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-114.76

-170.65

-3,310.87

-1,483.90

-205.03

ATEX Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Mar26
ROC %	Get a 7-Day Free Trial															-662.18	-1,857.73	-1,251.86	-214.76	-325.09

34GF Score

ATEX Resources Inc ATXRF

ROC % is just one metric. See GF Score™, valuation, warning signs, and more.

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ATEX Resources ROC % Calculation

ATEX Resources's annualized Return on Capital (ROC %) for the fiscal year that ended in Sep. 2024 is calculated as:

	ROC % (A: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Sep. 2023 )	+	Invested Capital (A: Sep. 2024 ))	/ count )
=	-19.542 * ( 1 - 0% )	/	( (2.374	+	16.689)	/ 2 )
=	-19.542	/	9.5315
=	-205.03 %

where

	Invested Capital		(A: Sep. 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	))
=	12.835	-	1.001	-	( 9.732	-	max(0, 1.035	-	10.495	+	9.732	))
=	2.374

	Invested Capital		(A: Sep. 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	))
=	7.28	-	0.998	-	( 3.689	-	max(0, 15.196	-	4.789	+	3.689	))
=	16.689

ATEX Resources'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 )
=	-79.248 * ( 1 - 0% )	/	( (24.562	+	24.193)	/ 2 )
=	-79.248	/	24.3775
=	-325.09 %

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	))
=	37.657	-	4.046	-	( 11.582	-	max(0, 4.102	-	13.151	+	11.582	))
=	24.562

	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	))
=	141.533	-	8.782	-	( 117.121	-	max(0, 9.321	-	117.879	+	117.121	))
=	24.193

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -325.09% mean?

ATEX Resources (ATXRF) has a ROC % of -325.09% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on ATEX Resources and its competitors.

Is ATEX Resources' ROC % too high?

ATEX Resources' current ROC % is -325.09%. Overall, ATEX Resources has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.

How does ATEX Resources' ROC % compare to NEM and AU?

ATEX Resources' ROC % of -325.09% 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 ATEX Resources and its competitors. ATEX Resources's current ROC % is -325.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is ATEX Resources stock overvalued right now?

ATEX Resources (ATXRF) has a current ROC % of -325.09%. The current ROC % is -325.09%. ATEX Resources' overall GF Score™ is 34/100 with 2 warning signs to review. 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 ATEX Resources (ATXRF), the current ROC % is -325.09% 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.

ATEX Resources Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSXV:NFG TSXV:MKO TSX:ITH TSXV:GRZ TSXV:ODV TSXV:ASE TSX:LGD TSXV:THX TSXV:AUXX TSX:GAU SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM AU TSX:FNV HKSE:02259 TSX:K JSE:GFI

Other Exchanges ATX:Canada

Address 360 Bay Street, Suite 1001, Toronto, ON, CAN, M5H 2V6

Website https://www.atexresources.com

ATEX Resources Inc is a minerals exploration company engaged in the acquisition and development of properties located in Chile. In addition, the firm also holds an interest in Valeriano Property and other Exploration Projects. The company is focused on delineating and growing the copper-gold porphyry resource underlying a surface oxide gold deposit.

34GF Score

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