HRST (Harvest Oil & Gas) ROC %: -12.11% (As of Sep. 2020)

What is Harvest Oil & Gas ROC %?

Harvest Oil & Gas HRST -10.06% 12 ROC % is -12.11% as of Sep. 2020. GuruFocus rates HRST with a GF Score™ of 12/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Harvest Oil & Gas's annualized return on capital (ROC %) for the quarter that ended in Sep. 2020 was -12.11%.

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

Harvest Oil & Gas (OTCPK:HRST) 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, Harvest Oil & Gas's WACC % is 0.00%. Harvest Oil & Gas's ROC % is 0.00% (calculated using TTM income statement data). Harvest Oil & Gas 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.

Harvest Oil & Gas ROC % Related Terms

Harvest Oil & Gas ROC % Historical Data

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The historical data trend for Harvest Oil & Gas'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.

Harvest Oil & Gas ROC % Chart

Harvest Oil & Gas Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROC %

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-4.20

-4.94

-1.41

0.00

-5.74

Harvest Oil & Gas Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROC %	Get a 7-Day Free Trial															-16.07	-15.84	-15.30	-18.96	-12.11

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Harvest Oil & Gas Corp HRST

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Harvest Oil & Gas ROC % Calculation

Harvest Oil & Gas's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2019 is calculated as:

	ROC % (A: Dec. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2018 )	+	Invested Capital (A: Dec. 2019 ))	/ count )
=	-17.249 * ( 1 - 0.01% )	/	( (467.065	+	133.889)	/ 2 )
=	-17.2472751	/	300.477
=	-5.74 %

where

	Invested Capital		(A: Dec. 2018 )
=	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	))
=	534.494	-	14.034	-	( 53.395	-	max(0, 27.311	-	115.833	+	53.395	))
=	467.065

	Invested Capital		(A: Dec. 2019 )
=	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	))
=	180.185	-	17.328	-	( 28.968	-	max(0, 24.11	-	60.873	+	28.968	))
=	133.889

Harvest Oil & Gas's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	-15.22 * ( 1 - 0% )	/	( (132.064	+	119.236)	/ 2 )
=	-15.22	/	125.65
=	-12.11 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	175.043	-	12.051	-	( 30.928	-	max(0, 16.12	-	59.695	+	30.928	))
=	132.064

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	145.085	-	8.171	-	( 17.678	-	max(0, 12.238	-	40.018	+	17.678	))
=	119.236

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -12.11% mean?

Harvest Oil & Gas (HRST) has a ROC % of -12.11% as of Sep. 2020. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Harvest Oil & Gas and its competitors.

Is Harvest Oil & Gas' ROC % too high?

Harvest Oil & Gas' current ROC % is -12.11%. Overall, Harvest Oil & Gas has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Harvest Oil & Gas' ROC % compare to LLEX and VKIN?

Harvest Oil & Gas' ROC % of -12.11% can be compared against companies in the Oil & Gas industry. The industry median ROC % is 3.63. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for an Oil & Gas company?

The median ROC % among Oil & Gas companies is 3.63, based on 997 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 Harvest Oil & Gas and its competitors. For the Oil & Gas industry, the median ROC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvest Oil & Gas's current ROC % is -12.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Harvest Oil & Gas stock overvalued right now?

Harvest Oil & Gas (HRST) has a current ROC % of -12.11%. The current ROC % is -12.11%. Harvest Oil & Gas' overall GF Score™ is 12/100. 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 Harvest Oil & Gas (HRST), the current ROC % is -12.11% as of Sep. 2020. 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.

Harvest Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies LLEX VKIN ROSE CHKR CKX SNDE LONE RSRV SPND NRIS HKSE:00883 COP MIC:NVTK EOG TSE:8031 TSX:CNQ PXD HES ASX:WPL OXY

Address 1001 Fannin Street, Suite 300, Houston, TX, USA, 77002

Website https://www.hvstog.com

Harvest Oil & Gas Corp is engaged in the acquisition, development, and production of oil and natural gas properties.

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