Maritime Launch Services (NEOE:MAXQ) ROCE % : -437.41% (As of Mar. 2024)

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What is Maritime Launch Services 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. Maritime Launch Services's annualized ROCE % for the quarter that ended in Mar. 2024 was -437.41%.

Maritime Launch Services ROCE % Historical Data

The historical data trend for Maritime Launch Services'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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Maritime Launch Services ROCE % Chart

Maritime Launch Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-1,122.80

-184.89

Maritime Launch Services Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-173.18	-186.56	-135.54	-179.01	-437.41

Maritime Launch Services ROCE % Calculation

Maritime Launch Services'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 )
	=	-4.343	/	( ( (11.63 - 8.505)	+	(14.412 - 12.839) )	/ 2 )
	=	-4.343	/	( (3.125	+	1.573)	/ 2 )
	=	-4.343	/	2.349
	=	-184.89 %

Maritime Launch Services'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 )
	=	-4.56	/	( ( (14.412 - 12.839)	+	(14.164 - 13.652) )	/ 2 )
	=	-4.56	/	( ( 1.573	+	0.512 )	/ 2 )
	=	-4.56	/	1.0425
	=	-437.41 %

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

Maritime Launch Services (NEOE:MAXQ) 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.

Maritime Launch Services ROCE % Related Terms

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Maritime Launch Services (NEOE:MAXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Maritime Launch Services Inc (NEOE:MAXQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MAXQF:USA

Address

1883 Upper Water Street, Suite 303, Halifax, NS, CAN, B3J 1S9

Website

https://www.maritimelaunch.com

Maritime Launch Services Inc is a commercial aerospace company responsible for developing Spaceport Nova Scotia, a satellite launching site for the commercial space transportation industry.

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