ATH Resources (LSE:5154) ROC %: -10.30% (As of Mar. 2012)


What is ATH Resources ROC %?

ATH Resources LSE:5154 ROC % is -10.30% as of Mar. 2012.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. ATH Resources's annualized return on capital (ROC %) for the quarter that ended in Mar. 2012 was -10.30%.

As of today (2026-06-27), ATH Resources's WACC % is 0.00%. ATH Resources's ROC % is 0.00% (calculated using TTM income statement data). ATH Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

ATH Resources  (LSE:5154) 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, ATH Resources's WACC % is 0.00%. ATH Resources's ROC % is 0.00% (calculated using TTM income statement data). ATH 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.

ATH Resources ROC % Related Terms

ATH Resources ROC % Historical Data

* Premium members only.

The historical data trend for ATH 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.

ATH Resources ROC % Chart

ATH Resources Annual Data
Trend Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10
ROC %
Get a 7-Day Free Trial 6.61 7.88 8.21 5.62 4.56

ATH Resources Semi-Annual Data
Mar04 Sep04 Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.45 11.03 -4.92 -1.21 -10.30

ATH Resources ROC % Calculation

ATH Resources's annualized Return on Capital (ROC %) for the fiscal year that ended in Sep. 2010 is calculated as:

ROC % (A: Sep. 2010 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Sep. 2009 ) + Invested Capital (A: Sep. 2010 ))/ count )
=6.954 * ( 1 - 36.63% )/( (109.029 + 84.058)/ 2 )
=4.4067498/96.5435
=4.56 %

where

Invested Capital(A: Sep. 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))
=109.099 - 13.987 - ( 0.37 - max(0, 36.698 - 22.781+0.37))
=109.029

Invested Capital(A: Sep. 2010 )
=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))
=98.045 - 11.634 - ( 2.353 - max(0, 20.284 - 25.535+2.353))
=84.058

ATH Resources's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2012 is calculated as:

ROC % (Q: Mar. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2011 ) + Invested Capital (Q: Mar. 2012 ))/ count )
=-11.822 * ( 1 - 28.18% )/( (82.273 + 82.567)/ 2 )
=-8.4905604/82.42
=-10.30 %

where

Invested Capital(Q: Sep. 2011 )
=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))
=97.926 - 15.155 - ( 0.498 - max(0, 23.82 - 26.949+0.498))
=82.273

Invested Capital(Q: Mar. 2012 )
=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))
=96.219 - 17.288 - ( 2.151 - max(0, 29.005 - 25.369+2.151))
=82.567

Note: The Operating Income data used here is two times the semi-annual (Mar. 2012) 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 -10.30% mean?
ATH Resources (LSE:5154) has a ROC % of -10.30% as of Mar. 2012. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on ATH Resources and its competitors.
Is ATH Resources' ROC % too high?
ATH Resources' current ROC % is -10.30%.
How does ATH Resources' ROC % compare to competitors?
ATH Resources' ROC % of -10.30% 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 ATH Resources 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. ATH Resources's current ROC % is -10.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATH Resources stock overvalued right now?
ATH Resources (LSE:5154) has a current ROC % of -10.30%. The current ROC % is -10.30%. 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 ATH Resources (LSE:5154), the current ROC % is -10.30% as of Mar. 2012. 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.