Northern Lights Acquisition (Northern Lights Acquisition) ROCE % : -3.74% (As of Jun. 2022)

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What is Northern Lights 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. Northern Lights Acquisition's annualized ROCE % for the quarter that ended in Jun. 2022 was -3.74%.

Northern Lights Acquisition ROCE % Historical Data

The historical data trend for Northern Lights 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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Northern Lights Acquisition ROCE % Chart

Northern Lights Acquisition Annual Data

Trend

Dec21

ROCE %

Northern Lights Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %	Get a 7-Day Free Trial			-0.07	-0.83	-	-2.46	-3.74

Northern Lights Acquisition ROCE % Calculation

Northern Lights Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: . 20 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: . 20 )		(A: Dec. 2021 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Northern Lights Acquisition's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	-4.372	/	( ( (117.745 - 1.093)	+	(119.029 - 2.188) )	/ 2 )
	=	-4.372	/	( ( 116.652	+	116.841 )	/ 2 )
	=	-4.372	/	116.7465
	=	-3.74 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

Northern Lights Acquisition (NAS:NLITW) 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 Lights Acquisition ROCE % Related Terms

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Northern Lights Acquisition (Northern Lights Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Lights Acquisition Corp (NAS:NLITW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

10 East 53rd Street, Suite 3001, New York, NY, USA, 10022

Website

Northern Lights Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.