Bitcoin Depot (Bitcoin Depot) ROCE % : 15.35% (As of Dec. 2023)

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What is Bitcoin Depot 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. Bitcoin Depot's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.35%.

Bitcoin Depot ROCE % Historical Data

The historical data trend for Bitcoin Depot'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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Bitcoin Depot ROCE % Chart

Bitcoin Depot Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

33.72

23.78

27.71

34.50

Bitcoin Depot Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						33.40	70.67	-3.14	60.32	15.35

Bitcoin Depot ROCE % Calculation

Bitcoin Depot'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 )
	=	13.445	/	( ( (93.401 - 46.809)	+	(77.377 - 46.025) )	/ 2 )
	=	13.445	/	( (46.592	+	31.352)	/ 2 )
	=	13.445	/	38.972
	=	34.50 %

Bitcoin Depot'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 )
	=	4.636	/	( ( (78.466 - 49.412)	+	(77.377 - 46.025) )	/ 2 )
	=	4.636	/	( ( 29.054	+	31.352 )	/ 2 )
	=	4.636	/	30.203
	=	15.35 %

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

Bitcoin Depot (NAS:BTM) 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.

Bitcoin Depot ROCE % Related Terms

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Bitcoin Depot (Bitcoin Depot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Depot Inc (NAS:BTM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2870 Peachtree Road No. 327, Atlanta, GA, USA, 30305

Website

https://www.bitcoindepot.com

Bitcoin Depot Inc is the fastest-growing multi-cryptocurrency ATM Network offering users the ability to buy and sell.

Executives

Christopher Scott Buchanan	director, officer: CHIEF OPERATING OFFICER	2870 PEACHTREE RD #327, ATLANTA GA 30305
Brandon Taylor Mintz	director, officer: See Remarks	2870 PEACHTREE RD #327, ATLANTA GA 30305
David E Shaw	10 percent owner, other: See Footnotes 1, 3, and 4.	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.p.	10 percent owner, other: See Footnotes 1, 3, and 4.	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c.	10 percent owner, other: See Footnotes 1, 3, and 4.	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
Daniel Tramel Stabile	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Jacqueline Marks	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Gardner Daniel C. Jr	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Timothy Vanderham	director	2870 PEACHTREE RD. #327, ATLANTA GA 30305
Bt Assets, Inc.	10 percent owner	2870 PEACHTREE RD #327, ATLANTA GA 30305
Mark James Smalley	officer: CHIEF COMPLIANCE OFFICER	2870 PEACHTREE RD #327, ATLANTA GA 30305
Gsr Ii Meteora Sponsor Llc	10 percent owner	C/O GSR II METEORA ACQUISITION CORP., 840 PARK DRIVE EAST, BOCA RATON FL 33432
Glen S Leibowitz	officer: CHIEF FINANCIAL OFFICER	366 MADISON AVENUE, 11TH FLOOR, NEW YORK NY 10017
Bradley R. Strock	director	C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109
Eve Mongiardo	director	C/O GSR II METEORA ACQUISITION CORP., 840 PARK DRIVE EAST, BOCA RATON FL 33432