Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) ROCE % : -2.86% (As of Feb. 2024)

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What is Technology & Telecommunication 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. Technology & Telecommunication Acquisition's annualized ROCE % for the quarter that ended in Feb. 2024 was -2.86%.

Technology & Telecommunication Acquisition ROCE % Historical Data

The historical data trend for Technology & Telecommunication 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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Technology & Telecommunication Acquisition ROCE % Chart

Technology & Telecommunication Acquisition Annual Data

Trend

Nov21

Nov22

Nov23

ROCE %

-0.85

-2.47

Technology & Telecommunication Acquisition Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial					-1.60	-2.24	-3.85	-13.61	-2.86

Technology & Telecommunication Acquisition ROCE % Calculation

Technology & Telecommunication Acquisition's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-1.844	/	( ( (118.543 - 0.105)	+	(33.766 - 3.128) )	/ 2 )
	=	-1.844	/	( (118.438	+	30.638)	/ 2 )
	=	-1.844	/	74.538
	=	-2.47 %

Technology & Telecommunication Acquisition's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.88	/	( ( (33.766 - 3.128)	+	(34.598 - 3.74) )	/ 2 )
	=	-0.88	/	( ( 30.638	+	30.858 )	/ 2 )
	=	-0.88	/	30.748
	=	-2.86 %

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

Technology & Telecommunication Acquisition (NAS:TETE) 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.

Technology & Telecommunication Acquisition ROCE % Related Terms

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Technology & Telecommunication Acquisition (Technology & Telecommunication Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Technology & Telecommunication Acquisition Corp (NAS:TETE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C3-2-23A, Jalan 1/152, Taman OUG Parklane, Off Jalan Kelang Lama, Kuala Lumpur, MYS, 58200

Website

Technology & Telecommunication Acquisition Corp is a blank check company.

Executives

Shaolin Capital Management Llc	10 percent owner	230 NW 24TH STREET, SUITE 603, MIAMI FL 33127
Chow Wing Loke	officer: Chief Financial Officer	NO. 6, JALAN KENANGA SD9/5J, BANDAR SRI DAMANSARA, KUALA LUMPUR N8 52200
Virginia Jaqveline Chan	director	78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Technology & Telecommunication Llc	10 percent owner	78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Raghuvir Ramanadhan	director	78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Kiat Wai Du	director	78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Tek Che Ng	director, 10 percent owner, officer: Chief Executive Officer	78 SW 7TH STREET, SUITE 500, MIAMI FL 33130

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