NSTB (Northern Star Investment II) ROCE % : -3.65% (As of Sep. 2023)

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What is Northern Star Investment II 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. Northern Star Investment II's annualized ROCE % for the quarter that ended in Sep. 2023 was -3.65%.

Northern Star Investment II ROCE % Historical Data

The historical data trend for Northern Star Investment II'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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Northern Star Investment II ROCE % Chart

Northern Star Investment II Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-1.50

-0.42

Northern Star Investment II Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-0.16	-0.60	-3.30	-2.69	-3.65

Northern Star Investment II ROCE % Calculation

Northern Star Investment II'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 )
	=	-0.876	/	( ( (400.476 - 2.178)	+	(404.303 - 385.624) )	/ 2 )
	=	-0.876	/	( (398.298	+	18.679)	/ 2 )
	=	-0.876	/	208.4885
	=	-0.42 %

Northern Star Investment II'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 )
	=	-0.6	/	( ( (21.518 - 2.749)	+	(16.854 - 2.728) )	/ 2 )
	=	-0.6	/	( ( 18.769	+	14.126 )	/ 2 )
	=	-0.6	/	16.4475
	=	-3.65 %

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

Northern Star Investment II (OTCPK:NSTB) 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.

Northern Star Investment II ROCE % Related Terms

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Northern Star Investment II Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Graubard Miller, The Chrysler Building, 405 Lexington Avenue, 11th Floor, New York, NY, USA, 10174

Website

https://www.northernstaric2.com

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