BYTE Acquisition (BYTE Acquisition) ROCE % : -14.18% (As of Sep. 2023)

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What is BYTE Acquisition 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. BYTE Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -14.18%.

BYTE Acquisition ROCE % Historical Data

The historical data trend for BYTE Acquisition'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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BYTE Acquisition ROCE % Chart

BYTE Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-0.31

-0.43

BYTE Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-0.33	-0.60	-1.53	-32.09	-14.18

BYTE Acquisition ROCE % Calculation

BYTE Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.397	/	( ( (326.072 - 0.205)	+	(329.414 - 0.434) )	/ 2 )
	=	-1.397	/	( (325.867	+	328.98)	/ 2 )
	=	-1.397	/	327.4235
	=	-0.43 %

BYTE Acquisition's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-3.188	/	( ( (25.202 - 2.464)	+	(25.294 - 3.067) )	/ 2 )
	=	-3.188	/	( ( 22.738	+	22.227 )	/ 2 )
	=	-3.188	/	22.4825
	=	-14.18 %

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

BYTE Acquisition (NAS:BYTSU) 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.

BYTE Acquisition ROCE % Related Terms

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BYTE Acquisition (BYTE Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » BYTE Acquisition Corp (NAS:BYTSU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, 9th Floor, New York, NY, USA, 10022

Website

https://www.bytespac.com

BYTE Acquisition Corp is a blank check company.

Executives

Vadim Komissarov	director	77 WATER STREET, 8TH FLOOR, NEW YORK NY 10005
Louis Lebedin	director	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Danny Yamin	director, officer: Chief Executive Officer	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Samuel Gloor	officer: Chief Financial Officer	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Oded Melamed	director	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Kobi Rozengarten	director, other: Executive Chairman	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Byte Holdings Lp	10 percent owner, other: *Director by Deputization	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Byte Holdings Gp Corp.	10 percent owner	445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022