BKHA (Black Hawk Acquisition) ROC %: -0.86% (As of Feb. 2026)


BKHA Black Hawk Acquisition Corp BKHA
16 GF Score
Price $11.91
! 2 Warning Signs
View Full Analysis

What is Black Hawk Acquisition ROC %?

Black Hawk Acquisition BKHA 16 ROC % is -0.86% as of Feb. 2026. GuruFocus rates BKHA with a GF Score™ of 16/100. 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 %. Black Hawk Acquisition's annualized return on capital (ROC %) for the quarter that ended in Feb. 2026 was -0.86%.

As of today (2026-06-26), Black Hawk Acquisition's WACC % is 10.31%. Black Hawk Acquisition's ROC % is -1.96% (calculated using TTM income statement data). Black Hawk Acquisition earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Black Hawk Acquisition  (NAS:BKHA) 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, Black Hawk Acquisition's WACC % is 10.31%. Black Hawk Acquisition's ROC % is -1.96% (calculated using TTM income statement data). Black Hawk Acquisition 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.

Black Hawk Acquisition ROC % Related Terms

Black Hawk Acquisition ROC % Historical Data

* Premium members only.

The historical data trend for Black Hawk Acquisition'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.

Black Hawk Acquisition ROC % Chart

Black Hawk Acquisition Annual Data
Trend Nov23 Nov24 Nov25
ROC %
0.00 -1.60 -1.90

Black Hawk Acquisition Quarterly Data
Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.60 -1.36 -2.81 -3.63 -0.86
BKHA
16GF Score
Black Hawk Acquisition Corp BKHA
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Black Hawk Acquisition ROC % Calculation

Black Hawk Acquisition's annualized Return on Capital (ROC %) for the fiscal year that ended in Nov. 2025 is calculated as:

ROC % (A: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Nov. 2024 ) + Invested Capital (A: Nov. 2025 ))/ count )
=-0.916 * ( 1 - 0% )/( (71.829 + 24.422)/ 2 )
=-0.916/48.1255
=-1.90 %

where

Invested Capital(A: Nov. 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))
=72.143 - 0.071 - ( 0.265 - max(0, 0.071 - 0.314+0.265))
=71.829

Invested Capital(A: Nov. 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))
=23.878 - 0.887 - ( 0.04 - max(0, 1.482 - 0.051+0.04))
=24.422

Black Hawk Acquisition's annualized Return on Capital (ROC %) for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=-0.216 * ( 1 - 0% )/( (24.422 + 25.638)/ 2 )
=-0.216/25.03
=-0.86 %

where

Invested Capital(Q: Nov. 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))
=23.878 - 0.887 - ( 0.04 - max(0, 1.482 - 0.051+0.04))
=24.422

Invested Capital(Q: Feb. 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))
=24.822 - 1.289 - ( 0.178 - max(0, 2.286 - 0.181+0.178))
=25.638

Note: The Operating Income data used here is four times the quarterly (Feb. 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 -0.86% mean?
Black Hawk Acquisition (BKHA) has a ROC % of -0.86% as of Feb. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Black Hawk Acquisition and its competitors.
Is Black Hawk Acquisition's ROC % too high?
Black Hawk Acquisition's current ROC % is -0.86%. Overall, Black Hawk Acquisition has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Black Hawk Acquisition's ROC % compare to ALCYF and COLA?
Black Hawk Acquisition's ROC % of -0.86% can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good ROC % depends on the Diversified Financial Services 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 Black Hawk Acquisition and its competitors. Black Hawk Acquisition's current ROC % is -0.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hawk Acquisition stock overvalued right now?
Black Hawk Acquisition (BKHA) has a current ROC % of -0.86%. The current ROC % is -0.86%. Black Hawk Acquisition's overall GF Score™ is 16/100 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 Black Hawk Acquisition (BKHA), the current ROC % is -0.86% as of Feb. 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.

Black Hawk Acquisition Business Description

Address 4125 Blackhawk Plaza Circle, Suite 166, Danville, CA, USA, 94506
Black Hawk Acquisition Corp is a Blank check company.
16GF Score

Get the complete analysis for BKHA

ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.91
Price