Midwest Energy Emissions (TSXV:MEEC) ROCE % : 255.08% (As of Dec. 2023)

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What is Midwest Energy Emissions 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. Midwest Energy Emissions's annualized ROCE % for the quarter that ended in Dec. 2023 was 255.08%.

Midwest Energy Emissions ROCE % Historical Data

The historical data trend for Midwest Energy Emissions'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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Midwest Energy Emissions ROCE % Chart

Midwest Energy Emissions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-68.22

-65.87

49.18

Midwest Energy Emissions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-24.92	-75.19	-30.73	-36.66	255.08

Midwest Energy Emissions ROCE % Calculation

Midwest Energy Emissions'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 )
	=	10.384	/	( ( (12.688 - 4.381)	+	(36.851 - 2.929) )	/ 2 )
	=	10.384	/	( (8.307	+	33.922)	/ 2 )
	=	10.384	/	21.1145
	=	49.18 %

Midwest Energy Emissions'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 )
	=	52.372	/	( ( (13.101 - 5.959)	+	(36.851 - 2.929) )	/ 2 )
	=	52.372	/	( ( 7.142	+	33.922 )	/ 2 )
	=	52.372	/	20.532
	=	255.08 %

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

Midwest Energy Emissions (TSXV:MEEC) 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.

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Midwest Energy Emissions (TSXV:MEEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Midwest Energy Emissions Corp (TSXV:MEEC) » Definitions » ROCE %

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MEEC:USA

Address

1810 Jester Drive, Corsicana, TX, USA, 75109

Website

https://www.me2cenvironmental.com

Midwest Energy Emissions Corp. is an environmental services company. The company specializes in mercury emission control technologies, primarily for utility and industrial coal-fired units. It aims to deliver cost-effective mercury capture technologies to coal-fired power plants in the United States, Europe, and Asia. The group develops and deploys technologies to remove mercury emissions from coal-fired power plants. The company's products include Oxidizers, sorbents, and Scrubber Additive SA2. Geographically, all the activities function through the region of the United States and it achieves revenues from product sales, equipment sales, and demonstration and consulting services.