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NSTB (Northern Star Investment II) ROE % : -26.75% (As of Sep. 2023)


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What is Northern Star Investment II ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity 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 Stockholders Equity over the quarter that ended in Sep. 2023 was $2.00 Mil. Therefore, Northern Star Investment II's annualized ROE % for the quarter that ended in Sep. 2023 was -26.75%.

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

NSTB's ROE % is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.56
* Ranked among companies with meaningful ROE % only.

Northern Star Investment II ROE % Historical Data

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

Northern Star Investment II Annual Data
Trend Dec20 Dec21 Dec22
ROE %
- 1.69 7.30

Northern Star Investment II Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.59 3.63 56.09 23.80 -26.75

Competitive Comparison of Northern Star Investment II's ROE %

For the Shell Companies subindustry, Northern Star Investment II's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the Diversified Financial Services Industry

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

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



Northern Star Investment II ROE % Calculation

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

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=13.749/( (373.115+3.614)/ 2 )
=13.749/188.3645
=7.30 %

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

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=-0.536/( (4.414+-0.407)/ 2 )
=-0.536/2.0035
=-26.75 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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. ROE % is displayed in the 30-year financial page.


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

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-0.536/2.0035
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.536 / 0)*(0 / 19.186)*(19.186 / 2.0035)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*9.5762
=ROA %*Equity Multiplier
=N/A %*9.5762
=-26.75 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-0.536/2.0035
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-0.536 / -0.344) * (-0.344 / -0.6) * (-0.6 / 0) * (0 / 19.186) * (19.186 / 2.0035)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.5581 * 0.5733 * N/A % * 0 * 9.5762
=-26.75 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Northern Star Investment II ROE % Related Terms

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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

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