NXU.WS (Novus Capital II) ROCE % : -0.87% (As of Dec. 2021)

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What is Novus Capital 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. Novus Capital II's annualized ROCE % for the quarter that ended in Dec. 2021 was -0.87%.

Novus Capital II ROCE % Historical Data

The historical data trend for Novus Capital 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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Novus Capital II ROCE % Chart

Novus Capital II Annual Data

Trend

Dec20

Dec21

ROCE %

-0.87

Novus Capital II Semi-Annual Data
	Sep20	Dec20	Dec21
ROCE %	-	-	-0.87

Novus Capital II ROCE % Calculation

Novus Capital II'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: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-1.247	/	( ( (0.21 - 0.186)	+	(288.027 - 0.209) )	/ 2 )
	=	-1.247	/	( (0.024	+	287.818)	/ 2 )
	=	-1.247	/	143.921
	=	-0.87 %

Novus Capital II's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	-1.247	/	( ( (0.21 - 0.186)	+	(288.027 - 0.209) )	/ 2 )
	=	-1.247	/	( ( 0.024	+	287.818 )	/ 2 )
	=	-1.247	/	143.921
	=	-0.87 %

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

Novus Capital II (NYSE:NXU.WS) 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.

Novus Capital II ROCE % Related Terms

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Novus Capital II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Novus Capital Corp II (NYSE:NXU.WS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8556 Oakmont Lane, Indianapolis, IN, USA, 46260

Website

https://www.novuscapitalcorporation.com

Novus Capital Corp II is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.