Vast Resources (LSE:VAST) ROC %: -21.28% (As of Oct. 2025)


What is Vast Resources ROC %?

Vast Resources LSE:VAST ROC % is -21.28% as of Oct. 2025. The stock has 4 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 %. Vast Resources's annualized return on capital (ROC %) for the quarter that ended in Oct. 2025 was -21.28%.

As of today (2026-06-25), Vast Resources's WACC % is 6.84%. Vast Resources's ROC % is -18.07% (calculated using TTM income statement data). Vast Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Vast Resources  (LSE:VAST) 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, Vast Resources's WACC % is 6.84%. Vast Resources's ROC % is -18.07% (calculated using TTM income statement data). Vast 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.

Vast Resources ROC % Related Terms

Vast Resources ROC % Historical Data

* Premium members only.

The historical data trend for Vast 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.

Vast Resources ROC % Chart

Vast Resources Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -31.84 -34.33 -34.54 -37.03 -16.99

Vast Resources Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -26.09 -47.91 -20.29 -14.54 -21.28

Vast Resources ROC % Calculation

Vast Resources'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 )
=-4.075 * ( 1 - 0% )/( (23.245 + 24.716)/ 2 )
=-4.075/23.9805
=-16.99 %

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))
=17.463 - 4.587 - ( 0.02 - max(0, 12.985 - 2.616+0.02))
=23.245

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))
=17.816 - 4.97 - ( 0.015 - max(0, 14.241 - 2.371+0.015))
=24.716

Vast Resources's annualized Return on Capital (ROC %) for the quarter that ended in Oct. 2025 is calculated as:

ROC % (Q: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2025 ) + Invested Capital (Q: Oct. 2025 ))/ count )
=-5.234 * ( 1 - 0% )/( (24.716 + 24.476)/ 2 )
=-5.234/24.596
=-21.28 %

where

Invested Capital(Q: 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))
=17.816 - 4.97 - ( 0.015 - max(0, 14.241 - 2.371+0.015))
=24.716

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))
=18.955 - 2.332 - ( 0.946 - max(0, 11.209 - 3.356+0.946))
=24.476

Note: The Operating Income data used here is two times the semi-annual (Oct. 2025) 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 -21.28% mean?
Vast Resources (LSE:VAST) has a ROC % of -21.28% as of Oct. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Vast Resources and its competitors.
Is Vast Resources' ROC % too high?
Vast Resources' current ROC % is -21.28%.
How does Vast Resources' ROC % compare to competitors?
Vast Resources' ROC % of -21.28% 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 Vast Resources and its competitors. Vast Resources's current ROC % is -21.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vast Resources stock overvalued right now?
Vast Resources (LSE:VAST) has a current ROC % of -21.28%. The current ROC % is -21.28%. 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 Vast Resources (LSE:VAST), the current ROC % is -21.28% as of Oct. 2025. 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.

Vast Resources Business Description

Address c/o Arch Law Limited, 8 Bishopsgate, Huckletree Bishopsgate, London, GBR, EC2N 4BQ
Vast Resources PLC is focused on key mining opportunities in Romania, Zimbabwe and Tajikistan. The Group operates in one business segment, the development and mining of mineral assets. It is a resource development company producing copper concentrate, zinc concentrate and gold and silver concentrate from Manaila Polymetallic Mine based at Romania. It has interest in the underground mine, Baita Plai, which is a skarn deposit comprising veins in calcareous sediments in approximately eight distinct pipes. The geographical segments of the company includes Europe and Central Asia and Southern Africa. It has earned revenue from Europe and Central Asia.