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Nocturne Acquisition (Nocturne Acquisition) ROIC % : -13.07% (As of Sep. 2023)


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What is Nocturne Acquisition ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Nocturne Acquisition's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2023 was -13.07%.

As of today (2024-05-17), Nocturne Acquisition's WACC % is 3.86%. Nocturne Acquisition's ROIC % is -5.29% (calculated using TTM income statement data). Nocturne Acquisition earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Nocturne Acquisition ROIC % Historical Data

The historical data trend for Nocturne Acquisition's ROIC % 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.

* Premium members only.

Nocturne Acquisition ROIC % Chart

Nocturne Acquisition Annual Data
Trend Dec20 Dec21 Dec22
ROIC %
- -1.23 -2.91

Nocturne Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.42 -3.58 -9.58 -4.94 -13.07

Competitive Comparison of Nocturne Acquisition's ROIC %

For the Shell Companies subindustry, Nocturne Acquisition's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nocturne Acquisition's ROIC % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Nocturne Acquisition's ROIC % distribution charts can be found below:

* The bar in red indicates where Nocturne Acquisition's ROIC % falls into.



Nocturne Acquisition ROIC % Calculation

Nocturne Acquisition's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2022 is calculated as:

ROIC % (A: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2021 ) + Invested Capital (A: Dec. 2022 ))/ count )
=-2.048 * ( 1 - 0% )/( (116.157 + 24.72)/ 2 )
=-2.048/70.4385
=-2.91 %

where

Nocturne Acquisition's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2023 is calculated as:

ROIC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-3.072 * ( 1 - 0% )/( (23.296 + 23.695)/ 2 )
=-3.072/23.4955
=-13.07 %

where

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

* 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.


Nocturne Acquisition  (NAS:MBTC) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 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 ROIC % 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, Nocturne Acquisition's WACC % is 3.86%. Nocturne Acquisition's ROIC % is -5.29% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % 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.


Nocturne Acquisition ROIC % Related Terms

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Nocturne Acquisition (Nocturne Acquisition) Business Description

Traded in Other Exchanges
Address
3 Germay Drive, Unit 4, Number 1066, Wilmington, DE, USA, 19084
Website
Nocturne Acquisition Corp is a blank check company.
Executives
Derek Feng director 953 9TH STREET, MANHATTAN BEACH CA 90266
Ka Lok Wong director 7244 CARRIZO DRIVE,, LA JOLLA CA 92037
Giuseppe Mangiacotti director 7244 CARIZZO DRIVE, LA JOLLA CA 92037
Simon Choi director 7244 CARRIZO DRIVE, LA JOLLA CA 92037
Nocturne Sponsor, Llc 10 percent owner 7244 CARRIZO DRIVE, LA JOLLA CA 92037
Marcus Vincent Gomez director 7244 CARRIZO DRIVE, LA JOLLA CA 92037
Henry Monzon director, 10 percent owner, officer: Chairman and CEO 7244 CARRIZO DRIVE, LA JOLLA CA 92037
Kashan Zaheer Piracha director 7244 CARRIZO DRIVE, LA JOLLA CA 92037
Ka Seng Ao director, 10 percent owner, officer: Chief Financial Officer 7244 CARRIZO DRIVE, LA JOLLA CA 92037
Etienne Snyman director 7244 CARRIZO DRIVE, LA JOLLA CA 92037

Nocturne Acquisition (Nocturne Acquisition) Headlines

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