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Model Performance Acquisition (Model Performance Acquisition) Total Assets : $24.07 Mil (As of Sep. 2022)


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What is Model Performance Acquisition Total Assets?

Model Performance Acquisition's Total Assets for the quarter that ended in Sep. 2022 was $24.07 Mil.

Total Assets is connected with ROA %. Model Performance Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 was -3.52%. Total Assets is also linked to Revenue through Asset Turnover. Model Performance Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

Model Performance Acquisition Total Assets Historical Data

The historical data trend for Model Performance Acquisition's Total Assets 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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Model Performance Acquisition Total Assets Chart

Model Performance Acquisition Annual Data
Trend Dec21
Total Assets
58.47

Model Performance Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Assets Get a 7-Day Free Trial 58.53 58.47 59.58 60.13 24.07

Model Performance Acquisition Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Model Performance Acquisition's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets=Total Equity (A: Dec. 2021 )+Total Liabilities (A: Dec. 2021 )
=55.782+2.683
=58.47

Model Performance Acquisition's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets=Total Equity (Q: Sep. 2022 )+Total Liabilities (Q: Sep. 2022 )
=18.468+5.603
=24.07

* 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.

Model Performance Acquisition  (NAS:MPAC) Total Assets Explanation

Total Assets is connected with ROA %.

Model Performance Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %=Net Income (Q: Sep. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=-1.484/( (60.131+24.071)/ 2 )
=-1.484/42.101
=-3.52 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Model Performance Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 is

Asset Turnover
=Revenue (Q: Sep. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=0/( (60.131+24.071)/ 2 )
=0/42.101
=0.00

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Model Performance Acquisition Total Assets Related Terms

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Model Performance Acquisition (Model Performance Acquisition) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Model Performance Acquisition Corp (NAS:MPAC) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
2 Queens Road Central, 58 Floor, Unit 5801, Cheung Kong Center, Hong Kong, HKG
Website
Model Performance Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.