NextGen Acquisition II (NextGen Acquisition II) ROCE % : -0.34% (As of Sep. 2021)

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What is NextGen Acquisition 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. NextGen Acquisition II's annualized ROCE % for the quarter that ended in Sep. 2021 was -0.34%.

NextGen Acquisition II ROCE % Historical Data

The historical data trend for NextGen Acquisition 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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NextGen Acquisition II ROCE % Chart

NextGen Acquisition II Annual Data

Trend

ROCE %

NextGen Acquisition II Semi-Annual Data
	Jan21	Mar21	Jun21	Sep21
ROCE %	-	-0.06	-0.25	-0.34

NextGen Acquisition II ROCE % Calculation

NextGen Acquisition II's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

NextGen Acquisition II's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	-1.296	/	( ( (383.961 - 0.428)	+	(383.4 - 1.158) )	/ 2 )
	=	-1.296	/	( ( 383.533	+	382.242 )	/ 2 )
	=	-1.296	/	382.8875
	=	-0.34 %

(1) Note: The EBIT data used here is one times the annual (Sep. 2021) EBIT data.

NextGen Acquisition II (NAS:NGCAW) 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.

NextGen Acquisition II ROCE % Related Terms

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