GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Star Investment Corp II (OTCPK:NSTB) » Definitions » ROA %

NSTB (Northern Star Investment II) ROA % : -2.79% (As of Sep. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Northern Star Investment II ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Northern Star Investment II's annualized Net Income for the quarter that ended in Sep. 2023 was $-0.54 Mil. Northern Star Investment II's average Total Assets over the quarter that ended in Sep. 2023 was $19.19 Mil. Therefore, Northern Star Investment II's annualized ROA % for the quarter that ended in Sep. 2023 was -2.79%.

The historical rank and industry rank for Northern Star Investment II's ROA % or its related term are showing as below:

NSTB's ROA % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -0.85
* Ranked among companies with meaningful ROA % only.

Northern Star Investment II ROA % Historical Data

The historical data trend for Northern Star Investment II's ROA % 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.

* Premium members only.

Northern Star Investment II ROA % Chart

Northern Star Investment II Annual Data
Trend Dec20 Dec21 Dec22
ROA %
- 1.57 3.42

Northern Star Investment II Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.48 1.75 1.02 4.77 -2.79

Competitive Comparison of Northern Star Investment II's ROA %

For the Shell Companies subindustry, Northern Star Investment II's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northern Star Investment II's ROA % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Northern Star Investment II's ROA % distribution charts can be found below:

* The bar in red indicates where Northern Star Investment II's ROA % falls into.



Northern Star Investment II ROA % Calculation

Northern Star Investment II's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:

ROA %=Net Income (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=13.749/( (400.476+404.303)/ 2 )
=13.749/402.3895
=3.42 %

Northern Star Investment II's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-0.536/( (21.518+16.854)/ 2 )
=-0.536/19.186
=-2.79 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2023) net income data. ROA % is displayed in the 30-year financial page.


Northern Star Investment II  (OTCPK:NSTB) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-0.536/19.186
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.536 / 0)*(0 / 19.186)
=Net Margin %*Asset Turnover
=N/A %*0
=-2.79 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Northern Star Investment II ROA % Related Terms

Thank you for viewing the detailed overview of Northern Star Investment II's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Northern Star Investment II Business Description

Traded in Other Exchanges
N/A
Address
c/o Graubard Miller, The Chrysler Building, 405 Lexington Avenue, 11th Floor, New York, NY, USA, 10174
Northern Star Investment Corp II is a blank check company established the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.
Executives
Jonathan J Ledecky 10 percent owner, officer: President, COO C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Joanna Coles director, 10 percent owner, officer: Chief Executive Officer C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Northern Star Ii Sponsor Llc 10 percent owner C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE, NEW YORK NY 10174
Arena Short Duration High Yield Fund, Lp - Series A 10 percent owner 12121 WILSHIRE BLVD., SUITE 1010, LOS ANGELES CA 90025
Arena Capital Fund, L.p.- Series 3 10 percent owner 12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Arena Capital Advisors, Llc- Ca 10 percent owner 12121 WILSHIRE BLVD STE 1010, LOS ANGELES CA 90025
Kristen Green director 1617 SIXTH AVE, SEATTLE WA 98101
James Hr Brady officer: Chief Financial Officer 1850 CENTENNIAL PARK DRIVE, SUITE 200, RESTON VA 20191
Maryann Turcke director C/O NORTHERN STAR INVESTMENT CORP. II, 405 LEXINGTON AVENUE, NEW YORK NY 10174
David Shapiro director 5680 A WEST CYPRESS STREET, TAMPA FL 33607

Northern Star Investment II Headlines