Bytetravel (XMAD:SCBYT) ROCE % : 195.20% (As of Dec. 2023)

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What is Bytetravel 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. Bytetravel's annualized ROCE % for the quarter that ended in Dec. 2023 was 195.20%.

Bytetravel ROCE % Historical Data

The historical data trend for Bytetravel'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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Bytetravel ROCE % Chart

Bytetravel Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

114.71

125.68

195.20

Bytetravel Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	114.71	125.68	195.20

Bytetravel ROCE % Calculation

Bytetravel'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 )
	=	3.256	/	( ( (1.335 - 0.879)	+	(4.382 - 1.502) )	/ 2 )
	=	3.256	/	( (0.456	+	2.88)	/ 2 )
	=	3.256	/	1.668
	=	195.20 %

Bytetravel'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	3.256	/	( ( (1.335 - 0.879)	+	(4.382 - 1.502) )	/ 2 )
	=	3.256	/	( ( 0.456	+	2.88 )	/ 2 )
	=	3.256	/	1.668
	=	195.20 %

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

Bytetravel (XMAD:SCBYT) 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.

Bytetravel ROCE % Related Terms

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Bytetravel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bytetravel SA (XMAD:SCBYT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. de la Via Augusta, 15-25, Building A2, Sant Cugat del Valles, Barcelona, ESP, 08174

Website

https://www.bytetravel.com

Bytetravel SA operates in the traveltech sector offering ancillary services for business and leisure travellers. The first product launched is the management and processing of visas that allow entry into foreign countries. Its main competitive advantage is the massive use of technology that allows saving time in procedures for clients and reducing costs.

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