IXOG (Index Oil & Gas) ROC %: 357.68% (As of Mar. 2009)

What is Index Oil & Gas ROC %?

Index Oil & Gas IXOG -99.86% ROC % is 357.68% as of Mar. 2009.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Index Oil & Gas's annualized return on capital (ROC %) for the quarter that ended in Mar. 2009 was 357.68%.

As of today (2026-06-26), Index Oil & Gas's WACC % is 0.00%. Index Oil & Gas's ROC % is 0.00% (calculated using TTM income statement data). Index Oil & Gas earns returns that do not match up to its cost of capital. It will destroy value as it grows.

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

Index Oil & Gas ROC % Related Terms

Index Oil & Gas ROC % Historical Data

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The historical data trend for Index 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.

Index Oil & Gas ROC % Chart

Index Oil & Gas Annual Data

Trend

Dec04

Dec05

Mar06

Mar07

Mar08

Mar09

ROC %

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-173.33

-229.42

-87.39

-24.59

-25.22

Index Oil & Gas Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09
ROC %	Get a 7-Day Free Trial													-17.82	-13.22	-120.30	-216.08	357.68

Index Oil & Gas ROC % Calculation

Index Oil & Gas's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2009 is calculated as:

	ROC % (A: Mar. 2009 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2008 )	+	Invested Capital (A: Mar. 2009 ))	/ count )
=	-2.4 * ( 1 - 0% )	/	( (12.621	+	6.411)	/ 2 )
=	-2.4	/	9.516
=	-25.22 %

where

	Invested Capital		(A: Mar. 2008 )
=	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	))
=	16.178	-	1.026	-	( 2.537	-	max(0, 1.026	-	3.557	+	2.537	))
=	12.621

	Invested Capital		(A: Mar. 2009 )
=	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	))
=	6.994	-	0.979	-	( 0.336	-	max(0, 1.105	-	0.709	+	0.336	))
=	6.411

Index Oil & Gas's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2009 is calculated as:

	ROC % (Q: Mar. 2009 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2008 )	+	Invested Capital (Q: Mar. 2009 ))	/ count )
=	23.008 * ( 1 - 0% )	/	( (6.454	+	6.411)	/ 2 )
=	23.008	/	6.4325
=	357.68 %

where

	Invested Capital		(Q: Dec. 2008 )
=	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	))
=	7.492	-	0.333	-	( 0.705	-	max(0, 0.333	-	1.055	+	0.705	))
=	6.454

	Invested Capital		(Q: Mar. 2009 )
=	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	))
=	6.994	-	0.979	-	( 0.336	-	max(0, 1.105	-	0.709	+	0.336	))
=	6.411

Note: The Operating Income data used here is four times the quarterly (Mar. 2009) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of 357.68% mean?

Index Oil & Gas (IXOG) has a ROC % of 357.68% as of Mar. 2009. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Index Oil & Gas and its competitors.

Is Index Oil & Gas' ROC % too high?

Index Oil & Gas' current ROC % is 357.68%. The Oil & Gas industry median ROC % is 3.63. Index Oil & Gas' value of 357.68% is 9753.4% above this industry median.

How does Index Oil & Gas' ROC % compare to FPPP and UNGS?

Index Oil & Gas' ROC % of 357.68% can be compared against companies in the Oil & Gas industry. The industry median ROC % is 3.63. Index Oil & Gas' value of 357.68% is 9753.4% above this benchmark. 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. Index Oil & Gas's current ROC % of 357.68% is 9753.4% above the industry median. 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 Index 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. Index Oil & Gas's current ROC % is 357.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Index Oil & Gas stock overvalued right now?

Index Oil & Gas (IXOG) has a current ROC % of 357.68%. The current ROC % is 357.68% and 9753.4% above the Oil & Gas industry median of 3.63. 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 Index Oil & Gas (IXOG), the current ROC % is 357.68% as of Mar. 2009. 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.

Index Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:PTP.H XCNQ:EI TSXV:CEN TSXV:TPC FPPP TSXV:WTR TSXV:STMP UNGS TSXV:PPE.H TSXV:CA.H TSXV:MMO.H TSXV:ROC.H TSXV:GX GBEYF SPOWF TSXV:CE.H TSXV:KLE.H TSXV:TZR TSXV:TIP.H TSXV:CTI.H

Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024

Website http://www.indexoil.com

Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.