Yes, that's right.
You mean like this: D = v₀ t + 1/2 a t² .
That's the formula for the distance covered in ' t ' seconds
by an object that starts out with speed ' v ' and accelerates
with acceleration of ' a ' .
An example is the vertical distance traveled by a rock that's
either tossed up from the ground with speed ' v ', or thrown
down from a roof with speed ' v ' .
Whenever the formula is used for objects thrown up or down,
the acceleration ' a ' is the acceleration of gravity, on Earth or
wherever the rock-throwing is going on.