PureWave Hydrogen (TSXV:PWH) ROC %: -1.55% (As of May. 2025)

What is PureWave Hydrogen ROC %?

PureWave Hydrogen TSXV:PWH ROC % is -1.55% as of May. 2025.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. PureWave Hydrogen's annualized return on capital (ROC %) for the quarter that ended in May. 2025 was -1.55%.

As of today (2026-07-02), PureWave Hydrogen's WACC % is 0.00%. PureWave Hydrogen's ROC % is 0.00% (calculated using TTM income statement data). PureWave Hydrogen earns returns that do not match up to its cost of capital. It will destroy value as it grows.

PureWave Hydrogen (TSXV:PWH) 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, PureWave Hydrogen's WACC % is 0.00%. PureWave Hydrogen's ROC % is 0.00% (calculated using TTM income statement data). PureWave Hydrogen 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.

PureWave Hydrogen ROC % Related Terms

PureWave Hydrogen ROC % Historical Data

* Premium members only.

The historical data trend for PureWave Hydrogen'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.

PureWave Hydrogen ROC % Chart

PureWave Hydrogen Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

ROC %

0.00

-32.07

-41.43

-25.51

PureWave Hydrogen Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25
ROC %	Get a 7-Day Free Trial											-13.06	-69.71	-30.37	-19.02	-1.55

PureWave Hydrogen ROC % Calculation

PureWave Hydrogen's annualized Return on Capital (ROC %) for the fiscal year that ended in Aug. 2024 is calculated as:

	ROC % (A: Aug. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Aug. 2023 )	+	Invested Capital (A: Aug. 2024 ))	/ count )
=	-0.207 * ( 1 - 0% )	/	( (0.449	+	1.174)	/ 2 )
=	-0.207	/	0.8115
=	-25.51 %

where

	Invested Capital		(A: Aug. 2023 )
=	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	))
=	0.613	-	0.028	-	( 0.16	-	max(0, 0.028	-	0.164	+	0.16	))
=	0.449

	Invested Capital		(A: Aug. 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	))
=	1.733	-	0.043	-	( 0.552	-	max(0, 0.043	-	0.559	+	0.552	))
=	1.174

PureWave Hydrogen's annualized Return on Capital (ROC %) for the quarter that ended in May. 2025 is calculated as:

	ROC % (Q: May. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2025 )	+	Invested Capital (Q: May. 2025 ))	/ count )
=	-0.048 * ( 1 - 0% )	/	( (3.1	+	3.108)	/ 2 )
=	-0.048	/	3.104
=	-1.55 %

where

	Invested Capital		(Q: Feb. 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	))
=	3.274	-	0.223	-	( 0.043	-	max(0, 0.223	-	0.174	+	0.043	))
=	3.1

	Invested Capital		(Q: May. 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	))
=	3.237	-	0.182	-	( 0.042	-	max(0, 0.182	-	0.129	+	0.042	))
=	3.108

Note: The Operating Income data used here is four times the quarterly (May. 2025) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -1.55% mean?

PureWave Hydrogen (TSXV:PWH) has a ROC % of -1.55% as of May. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on PureWave Hydrogen and its competitors.

Is PureWave Hydrogen's ROC % too high?

PureWave Hydrogen's current ROC % is -1.55%.

How does PureWave Hydrogen's ROC % compare to COP and EOG?

PureWave Hydrogen's ROC % of -1.55% can be compared against companies in the Oil & Gas industry. The industry median ROC % is 3.65. 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 3.65, based on 999 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 PureWave Hydrogen and its competitors. For the Oil & Gas industry, the median ROC % is 3.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PureWave Hydrogen's current ROC % is -1.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is PureWave Hydrogen stock overvalued right now?

PureWave Hydrogen (TSXV:PWH) has a current ROC % of -1.55%. The current ROC % is -1.55%. 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 PureWave Hydrogen (TSXV:PWH), the current ROC % is -1.55% as of May. 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.

PureWave Hydrogen Business Description

Industry Energy Oil & Gas

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Address 1122 Mainland Street, No. 228, Vancouver, BC, CAN, V6B 5L1

Website https://www.purewavehydrogen.com

PureWave Hydrogen Corp is a Colorado-based company that discovered and developed white (natural) hydrogen resources across North America. White hydrogen is a clean form that does not require energy-intensive processes. It is a clean and renewable energy source produced from geologic processes, offering a sustainable alternative without emitting greenhouse gases or pollutants. It holds immense potential for powering vehicles, generating electricity, and producing chemicals.