BTUMF (BTU Metals) ROC %: -7.81% (As of Jan. 2026)

What is BTU Metals ROC %?

BTU Metals BTUMF -12.54% ROC % is -7.81% as of Jan. 2026. 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 %. BTU Metals's annualized return on capital (ROC %) for the quarter that ended in Jan. 2026 was -7.81%.

As of today (2026-06-25), BTU Metals's WACC % is 14.10%. BTU Metals's ROC % is -10.73% (calculated using TTM income statement data). BTU Metals earns returns that do not match up to its cost of capital. It will destroy value as it grows.

BTU Metals (OTCPK:BTUMF) 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, BTU Metals's WACC % is 14.10%. BTU Metals's ROC % is -10.73% (calculated using TTM income statement data). BTU Metals 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.

BTU Metals ROC % Related Terms

BTU Metals ROC % Historical Data

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The historical data trend for BTU Metals'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.

BTU Metals ROC % Chart

BTU Metals Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

ROC %

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-15.79

-9.91

-7.61

-8.57

-10.27

BTU Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26
ROC %	Get a 7-Day Free Trial															-6.28	-8.99	-18.71	-8.30	-7.81

BTU Metals ROC % Calculation

BTU Metals's annualized Return on Capital (ROC %) for the fiscal year that ended in Apr. 2025 is calculated as:

	ROC % (A: Apr. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Apr. 2024 )	+	Invested Capital (A: Apr. 2025 ))	/ count )
=	-0.461 * ( 1 - 0% )	/	( (4.617	+	4.363)	/ 2 )
=	-0.461	/	4.49
=	-10.27 %

where

	Invested Capital		(A: Apr. 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	))
=	5.904	-	0.044	-	( 1.269	-	max(0, 0.044	-	1.287	+	1.269	))
=	4.617

	Invested Capital		(A: Apr. 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	))
=	5.027	-	0.025	-	( 0.642	-	max(0, 0.025	-	0.664	+	0.642	))
=	4.363

BTU Metals's annualized Return on Capital (ROC %) for the quarter that ended in Jan. 2026 is calculated as:

	ROC % (Q: Jan. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2025 )	+	Invested Capital (Q: Jan. 2026 ))	/ count )
=	-0.356 * ( 1 - 0% )	/	( (4.474	+	4.643)	/ 2 )
=	-0.356	/	4.5585
=	-7.81 %

where

	Invested Capital		(Q: Oct. 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	))
=	4.858	-	0.014	-	( 0.37	-	max(0, 0.014	-	0.404	+	0.37	))
=	4.474

	Invested Capital		(Q: Jan. 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	))
=	5.449	-	0.023	-	( 0.81	-	max(0, 0.064	-	0.847	+	0.81	))
=	4.643

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

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -7.81% mean?

BTU Metals (BTUMF) has a ROC % of -7.81% as of Jan. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on BTU Metals and its competitors.

Is BTU Metals' ROC % too high?

BTU Metals' current ROC % is -7.81%.

How does BTU Metals' ROC % compare to NEM and AU?

BTU Metals' ROC % of -7.81% 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 BTU Metals and its competitors. BTU Metals's current ROC % is -7.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BTU Metals stock overvalued right now?

BTU Metals (BTUMF) has a current ROC % of -7.81%. The current ROC % is -7.81%. 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 BTU Metals (BTUMF), the current ROC % is -7.81% as of Jan. 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.

BTU Metals Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSXV:TGC TSXV:LPK TSXV:AUGC XCNQ:BOOM TSXV:TRU TSXV:AUQ TSXV:RCT TSXV:ADG XCNQ:RFR TSXV:NVX SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM AU TSX:FNV HKSE:02259 TSX:K JSE:GFI

Other Exchanges BTU:Canada

Address 789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website https://www.btumetals.com

BTU Metals Corp is a Canadian-based company engaged in the identifying, acquisition, and exploration of mineral properties in Ireland and Canada. Its Projects include Red Lake, Dixie Halo, Pakwash North, Wawa Echum, Hubcap, Centennial, and others.