Theta Gold Mines (STU:3LM) ROC %: -14.74% (As of Dec. 2025)


STU:3LM Theta Gold Mines Ltd STU:3LM
34 GF Score
Price €0.13
! 2 Warning Signs
View Full Analysis

What is Theta Gold Mines ROC %?

Theta Gold Mines STU:3LM +8.33% 34 ROC % is -14.74% as of Dec. 2025. GuruFocus rates STU:3LM with a GF Score™ of 34/100. The stock has 2 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 %. Theta Gold Mines's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -14.74%.

As of today (2026-06-25), Theta Gold Mines's WACC % is 10.97%. Theta Gold Mines's ROC % is 5.65% (calculated using TTM income statement data). Theta Gold Mines earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Theta Gold Mines  (STU:3LM) 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, Theta Gold Mines's WACC % is 10.97%. Theta Gold Mines's ROC % is 5.65% (calculated using TTM income statement data). Theta Gold Mines 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.

Theta Gold Mines ROC % Related Terms

Theta Gold Mines ROC % Historical Data

* Premium members only.

The historical data trend for Theta Gold Mines'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.

Theta Gold Mines ROC % Chart

Theta Gold Mines Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.59 -18.95 -14.83 -11.14 -12.09

Theta Gold Mines Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -12.31 -10.02 -52.04 26.78 -14.74
STU:3LM
34GF Score
Theta Gold Mines Ltd STU:3LM
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Theta Gold Mines ROC % Calculation

Theta Gold Mines's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2025 is calculated as:

ROC % (A: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2024 ) + Invested Capital (A: Jun. 2025 ))/ count )
=-3.968 * ( 1 - 0% )/( (35.722 + 29.914)/ 2 )
=-3.968/32.818
=-12.09 %

where

Invested Capital(A: Jun. 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))
=22.113 - 5.404 - ( 2.406 - max(0, 22.096 - 3.083+2.406))
=35.722

Invested Capital(A: Jun. 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))
=25.414 - 4.929 - ( 4.868 - max(0, 14.51 - 5.081+4.868))
=29.914

Theta Gold Mines's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-4.912 * ( 1 - 0% )/( (29.914 + 36.734)/ 2 )
=-4.912/33.324
=-14.74 %

where

Invested Capital(Q: Jun. 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))
=25.414 - 4.929 - ( 4.868 - max(0, 14.51 - 5.081+4.868))
=29.914

Invested Capital(Q: Dec. 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))
=37.951 - 8.519 - ( 10.658 - max(0, 18.737 - 11.435+10.658))
=36.734

Note: The Operating Income data used here is two times the semi-annual (Dec. 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 -14.74% mean?
Theta Gold Mines (STU:3LM) has a ROC % of -14.74% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Theta Gold Mines and its competitors.
Is Theta Gold Mines' ROC % too high?
Theta Gold Mines' current ROC % is -14.74%. Overall, Theta Gold Mines has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Theta Gold Mines' ROC % compare to NEM and AU?
Theta Gold Mines' ROC % of -14.74% 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 Theta Gold Mines and its competitors. Theta Gold Mines's current ROC % is -14.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Theta Gold Mines stock overvalued right now?
Theta Gold Mines (STU:3LM) has a current ROC % of -14.74%. The current ROC % is -14.74%. Theta Gold Mines' overall GF Score™ is 34/100 with 2 warning signs to review. 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 Theta Gold Mines (STU:3LM), the current ROC % is -14.74% as of Dec. 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.

Theta Gold Mines Business Description

Address 100 Barangaroo Avenue, Suite 80, Level 35 (ServCorp), International Tower One, Sydney, NSW, AUS, 2000
Theta Gold Mines Ltd is a gold exploration and development company. The company holds gold assets in the South African gold mining region. The projects of the company include the TGME Project near the historic gold mining town of Pilgrims Rest in Mpumalanga Province, and other projects.
34GF Score

Get the complete analysis for STU:3LM

ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.13
Price