ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Kincora Copper's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was -13.23%.
As of today (2026-06-26), Kincora Copper's WACC % is 26.37%. Kincora Copper's ROIC % is -21.79% (calculated using TTM income statement data).
Kincora Copper earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Kincora Copper (ASX:KCC) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 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 ROIC % 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, Kincora Copper's WACC % is 26.37%. Kincora Copper's ROIC % is -21.79% (calculated using TTM income statement data).
Kincora Copper 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 %, ROIC % 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.
Kincora Copper ROIC % Related Terms
Kincora Copper ROIC % Historical Data
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The historical data trend for Kincora Copper's ROIC % 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.
For the Copper subindustry, Kincora Copper's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kincora Copper ROIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kincora Copper's ROIC % distribution charts can be found below:
* The bar in red indicates where Kincora Copper's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) 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.
Kincora Copper (ASX:KCC) has a ROIC % of -13.23% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Kincora Copper and its competitors.
Is Kincora Copper's ROIC % too high?
Kincora Copper's current ROIC % is -13.23%. Overall, Kincora Copper has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Kincora Copper's ROIC % compare to SCCO and FCX?
Kincora Copper's ROIC % of -13.23% 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 ROIC % for a Metals & Mining company?
A good ROIC % depends on the Metals & Mining industry context. However, ROIC % 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Kincora Copper and its competitors. Kincora Copper's current ROIC % is -13.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kincora Copper stock overvalued right now?
Kincora Copper (ASX:KCC) has a current ROIC % of -13.23%. The current ROIC % is -13.23%. Kincora Copper's overall GF Score™ is 40/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Kincora Copper (ASX:KCC), the current ROIC % is -13.23% as of Mar. 2026. 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.
Kincora Copper Ltd is engaged in the acquisition and exploration of mineral assets. It is an active explorer and hybrid project generator focused on copper-gold discoveries. Kincora's portfolio includes district-scale landholdings and scaleable drill-ready targets in both Australia and Mongolia's porphyry belts, the Macquarie Arc and Southern Gobi, respectively, and the historical Condobolin mining field in the southern section of the Cobar Basin, NSW. The various projects in the company's portfolio include Trundle, Fairholme, Jemalong, Wongarbon, Condobolin, Cundumbul, and the Northern Junee-Narromine Belt project, among others. The company operates in two segments, being the acquisition and exploration of exploration and evaluation assets in Mongolia and Australia.
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