Armory Mining (STU:2JS) ROC %: -74.09% (As of Nov. 2025)


What is Armory Mining ROC %?

Armory Mining STU:2JS +17.65% ROC % is -74.09% as of Nov. 2025. 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 %. Armory Mining's annualized return on capital (ROC %) for the quarter that ended in Nov. 2025 was -74.09%.

As of today (2026-07-06), Armory Mining's WACC % is 16.30%. Armory Mining's ROC % is -58.42% (calculated using TTM income statement data). Armory Mining earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Armory Mining  (STU:2JS) 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, Armory Mining's WACC % is 16.30%. Armory Mining's ROC % is -58.42% (calculated using TTM income statement data). Armory Mining 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.

Armory Mining ROC % Related Terms

Armory Mining ROC % Historical Data

* Premium members only.

The historical data trend for Armory Mining'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.

Armory Mining ROC % Chart

Armory Mining Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROC %
Get a 7-Day Free Trial Premium Member Only 0.00 -84.00 -47.04 -15.36 -55.07

Armory Mining Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
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 -21.88 -56.87 -53.96 -46.51 -74.09

Armory Mining ROC % Calculation

Armory Mining's annualized Return on Capital (ROC %) for the fiscal year that ended in Nov. 2025 is calculated as:

ROC % (A: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Nov. 2024 ) + Invested Capital (A: Nov. 2025 ))/ count )
=-1.651 * ( 1 - 0% )/( (3.106 + 2.89)/ 2 )
=-1.651/2.998
=-55.07 %

where

Invested Capital(A: Nov. 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))
=3.278 - 0.599 - ( 0.079 - max(0, 0.615 - 0.188+0.079))
=3.106

Invested Capital(A: Nov. 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))
=3.183 - 0.544 - ( 0.027 - max(0, 0.599 - 0.348+0.027))
=2.89

Armory Mining's annualized Return on Capital (ROC %) for the quarter that ended in Nov. 2025 is calculated as:

ROC % (Q: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Nov. 2025 ))/ count )
=-2.136 * ( 1 - 0% )/( (2.876 + 2.89)/ 2 )
=-2.136/2.883
=-74.09 %

where

Invested Capital(Q: Aug. 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))
=3.548 - 0.575 - ( 0.306 - max(0, 0.621 - 0.718+0.306))
=2.876

Invested Capital(Q: Nov. 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))
=3.183 - 0.544 - ( 0.027 - max(0, 0.599 - 0.348+0.027))
=2.89

Note: The Operating Income data used here is four times the quarterly (Nov. 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 -74.09% mean?
Armory Mining (STU:2JS) has a ROC % of -74.09% as of Nov. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Armory Mining and its competitors.
Is Armory Mining's ROC % too high?
Armory Mining's current ROC % is -74.09%.
How does Armory Mining's ROC % compare to competitors?
Armory Mining's ROC % of -74.09% 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 Armory Mining and its competitors. Armory Mining's current ROC % is -74.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armory Mining stock overvalued right now?
Armory Mining (STU:2JS) has a current ROC % of -74.09%. The current ROC % is -74.09%. 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 Armory Mining (STU:2JS), the current ROC % is -74.09% as of Nov. 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.

Armory Mining Business Description

Other Exchanges RMRYF:USAARMY:Canada
Address 1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5
Armory Mining Corps is a Canadian lithium-focused mineral exploration company that has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Armory also holds a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia, a 100% interest in certain mineral claims located in Haida Gwaii, British Columbia and an option to acquire a 100% interest in certain mineral claims located in Nova Scotia.