Maxxam (Maxxam) ROCE % : -5.32% (As of Sep. 2009)

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What is Maxxam 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. Maxxam's annualized ROCE % for the quarter that ended in Sep. 2009 was -5.32%.

Maxxam ROCE % Historical Data

The historical data trend for Maxxam'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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Maxxam ROCE % Chart

Maxxam Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

ROCE %

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1.55

6.97

56.52

-4.51

-4.40

Maxxam Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
ROCE %	Get a 7-Day Free Trial															-8.23	1.75	-9.51	-7.00	-5.32

Maxxam ROCE % Calculation

Maxxam's annualized ROCE % for the fiscal year that ended in Dec. 2008 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2008 )		(A: Dec. 2007 )		(A: Dec. 2008 )
	=	-18.8	/	( ( (518.9 - 32.6)	+	(400.3 - 31.5) )	/ 2 )
	=	-18.8	/	( (486.3	+	368.8)	/ 2 )
	=	-18.8	/	427.55
	=	-4.40 %

Maxxam's ROCE % of for the quarter that ended in Sep. 2009 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2009 )		(Q: Jun. 2009 )		(Q: Sep. 2009 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2009 )		(Q: Jun. 2009 )		(Q: Sep. 2009 )
	=	-18	/	( ( (370.3 - 27.7)	+	(361.6 - 27.3) )	/ 2 )
	=	-18	/	( ( 342.6	+	334.3 )	/ 2 )
	=	-18	/	338.45
	=	-5.32 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2009) EBIT data.

Maxxam (OTCPK:MAXX) 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.

Maxxam ROCE % Related Terms

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Maxxam (Maxxam) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Maxxam Inc (OTCPK:MAXX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.maxxaminc.com

Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.

Executives

Charles E Hurwitz	director, 10 percent owner, officer: Chairman of the Board & CEO	1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank	director	2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin	director	1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley	officer: Controller	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

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