Maxim Power (Maxim Power) ROCE % : 15.53% (As of Mar. 2024)

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What is Maxim Power ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Maxim Power's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.53%.

Maxim Power ROCE % Historical Data

The historical data trend for Maxim Power's ROCE % 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.

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Maxim Power ROCE % Chart

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.38

3.05

40.17

17.25

11.58

Maxim Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.60	10.09	-4.79	28.62	15.53

Maxim Power ROCE % Calculation

Maxim Power's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	32.829	/	( ( (281.273 - 11.964)	+	(317.412 - 19.767) )	/ 2 )
	=	32.829	/	( (269.309	+	297.645)	/ 2 )
	=	32.829	/	283.477
	=	11.58 %

Maxim Power's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	46.58	/	( ( (317.412 - 19.767)	+	(321.689 - 19.408) )	/ 2 )
	=	46.58	/	( ( 297.645	+	302.281 )	/ 2 )
	=	46.58	/	299.963
	=	15.53 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Maxim Power (OTCPK:MXGFF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Maxim Power ROCE % Related Terms

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Maxim Power (Maxim Power) Business Description

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MXG:Canada

Address

715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.