Newbury Street Acquisition (Newbury Street Acquisition) ROCE % : -6.12% (As of Sep. 2023)

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What is Newbury Street 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. Newbury Street Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -6.12%.

Newbury Street Acquisition ROCE % Historical Data

The historical data trend for Newbury Street 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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Newbury Street Acquisition ROCE % Chart

Newbury Street Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-0.53

-2.21

Newbury Street Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-2.06	-4.94	-2.85	-3.56	-6.12

Newbury Street Acquisition ROCE % Calculation

Newbury Street Acquisition'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 )
	=	-2.836	/	( ( (129.128 - 0.278)	+	(130.082 - 2.642) )	/ 2 )
	=	-2.836	/	( (128.85	+	127.44)	/ 2 )
	=	-2.836	/	128.145
	=	-2.21 %

Newbury Street Acquisition'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 )
	=	-1.98	/	( ( (53.342 - 5.042)	+	(54.213 - 37.79) )	/ 2 )
	=	-1.98	/	( ( 48.3	+	16.423 )	/ 2 )
	=	-1.98	/	32.3615
	=	-6.12 %

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

Newbury Street Acquisition (NAS:NBST) 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.

Newbury Street Acquisition ROCE % Related Terms

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Newbury Street Acquisition (Newbury Street Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Newbury Street Acquisition Corp (NAS:NBST) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NBSTU:USA

Address

121 High Street, Floor 3, Boston, MA, USA, 02110

Website

Newbury Street Acquisition Corp is a blank check company.

Newbury Street Acquisition (Newbury Street Acquisition) Headlines

From GuruFocus

Infinite Reality, Inc., Global Leader Delivering Immersive Digital Experiences, to Go Public Through Combination with Newbury Street Acquisition Corporation (NASDAQ: NBST)

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