NPAC (New Providence Acquisition III) ROC %: -1.74% (As of Mar. 2026)


NPAC New Providence Acquisition Corp III NPAC
15 GF Score
Price $10.38
! 1 Warning Sign
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What is New Providence Acquisition III ROC %?

New Providence Acquisition III NPAC 15 ROC % is -1.74% as of Mar. 2026. GuruFocus rates NPAC with a GF Score™ of 15/100. The stock has 1 warning sign investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. New Providence Acquisition III's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -1.74%.

As of today (2026-06-25), New Providence Acquisition III's WACC % is 10.40%. New Providence Acquisition III's ROC % is -0.80% (calculated using TTM income statement data). New Providence Acquisition III earns returns that do not match up to its cost of capital. It will destroy value as it grows.

New Providence Acquisition III  (NAS:NPAC) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, New Providence Acquisition III's WACC % is 10.40%. New Providence Acquisition III's ROC % is -0.80% (calculated using TTM income statement data). New Providence Acquisition III earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.

New Providence Acquisition III ROC % Related Terms

New Providence Acquisition III ROC % Historical Data

* Premium members only.

The historical data trend for New Providence Acquisition III's ROC % 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.

New Providence Acquisition III ROC % Chart

New Providence Acquisition III Annual Data
Trend Dec24 Dec25
ROC %
0.00 -0.43

New Providence Acquisition III Quarterly Data
Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC % Get a 7-Day Free Trial -81.47 -0.41 -0.24 -0.35 -1.74
NPAC
15GF Score
New Providence Acquisition Corp III NPAC
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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New Providence Acquisition III ROC % Calculation

New Providence Acquisition III's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=-0.669 * ( 1 - 0% )/( (0.121 + 310.008)/ 2 )
=-0.669/155.0645
=-0.43 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.077 - 0.003 - ( 0 - max(0, 0.071 - 0.024+0))
=0.121

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=310.806 - 0.096 - ( 0.702 - max(0, 0.096 - 0.81+0.702))
=310.008

New Providence Acquisition III's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-5.416 * ( 1 - 0% )/( (310.008 + 312.722)/ 2 )
=-5.416/311.365
=-1.74 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=310.806 - 0.096 - ( 0.702 - max(0, 0.096 - 0.81+0.702))
=310.008

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=313.253 - 1.171 - ( 0.325 - max(0, 1.171 - 0.531+0.325))
=312.722

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -1.74% mean?
New Providence Acquisition III (NPAC) has a ROC % of -1.74% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on New Providence Acquisition III and its competitors.
Is New Providence Acquisition III's ROC % too high?
New Providence Acquisition III's current ROC % is -1.74%. Overall, New Providence Acquisition III has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does New Providence Acquisition III's ROC % compare to MEVO and CCIX?
New Providence Acquisition III's ROC % of -1.74% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Diversified Financial Services company?
A good ROC % depends on the Diversified Financial Services industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on New Providence Acquisition III and its competitors. New Providence Acquisition III's current ROC % is -1.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Providence Acquisition III stock overvalued right now?
New Providence Acquisition III (NPAC) has a current ROC % of -1.74%. The current ROC % is -1.74%. New Providence Acquisition III's overall GF Score™ is 15/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For New Providence Acquisition III (NPAC), the current ROC % is -1.74% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Providence Acquisition III Business Description

Address 401 S County Road, No. 2588, Palm Beach, FL, USA, 33480
New Providence Acquisition Corp III is a blank check company.
15GF Score

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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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