Max Power Mining (XCNQ:MAXX) ROCE % : -52.38% (As of Dec. 2023)

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What is Max Power Mining 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. Max Power Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -52.38%.

Max Power Mining ROCE % Historical Data

The historical data trend for Max Power Mining'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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Max Power Mining ROCE % Chart

Max Power Mining Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-64.15

-61.13

Max Power Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-100.56	-41.40	-78.53	-43.69	-52.38

Max Power Mining ROCE % Calculation

Max Power Mining'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 )
	=	-5.208	/	( ( (6.693 - 0.008)	+	(10.755 - 0.401) )	/ 2 )
	=	-5.208	/	( (6.685	+	10.354)	/ 2 )
	=	-5.208	/	8.5195
	=	-61.13 %

Max Power Mining's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.392	/	( ( (10.284 - 0.049)	+	(10.755 - 0.401) )	/ 2 )
	=	-5.392	/	( ( 10.235	+	10.354 )	/ 2 )
	=	-5.392	/	10.2945
	=	-52.38 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Max Power Mining (XCNQ: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.

Max Power Mining ROCE % Related Terms

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Max Power Mining (XCNQ:MAXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Max Power Mining Corp (XCNQ:MAXX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MAXXF:USA 89N:Germany

Address

666 Burrard Street, Suite 2800, Park Place, Vancouver, BC, CAN, V6C 2Z7

Website

https://www.maxpowermining.com

Max Power Mining Corp is an exploration stage company focused on the exploration of mineral property in Ontario, Canada. It has two reportable operating segments, with the primary segment being the acquisition, exploration and evaluation of mineral resources properties.

Executives

Thomas William Clarke

Director

Max Power Mining (XCNQ:MAXX) Headlines

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