LF Capital Acquisition II (LF Capital Acquisition II) Total Assets : $121.47 Mil (As of Jun. 2023)

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What is LF Capital Acquisition II Total Assets?

LF Capital Acquisition II's Total Assets for the quarter that ended in Jun. 2023 was $121.47 Mil.

During the past 12 months, LF Capital Acquisition II's average Total Assets Growth Rate was -54.20% per year.

Total Assets is connected with ROA %. LF Capital Acquisition II's annualized ROA % for the quarter that ended in Jun. 2023 was -0.36%. Total Assets is also linked to Revenue through Asset Turnover. LF Capital Acquisition II's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

LF Capital Acquisition II Total Assets Historical Data

The historical data trend for LF Capital Acquisition II'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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LF Capital Acquisition II Total Assets Chart

LF Capital Acquisition II Annual Data

Trend

Dec21

Dec22

Total Assets

265.08

267.45

LF Capital Acquisition II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial					265.06	266.02	267.45	119.07	121.47

LF Capital Acquisition II 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.

LF Capital Acquisition II's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	257.979	+	9.472
	=	267.45

LF Capital Acquisition II's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	46.471	+	75
	=	121.47

LF Capital Acquisition II (NAS:LFACU) Total Assets Explanation

Total Assets is connected with ROA %.

LF Capital Acquisition II's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.428	/	( (119.072	+	121.471)	/ 2 )
	=	-0.428	/	120.2715
	=	-0.36 %

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

LF Capital Acquisition II's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (119.072	+	121.471)	/ 2 )
=	0	/	120.2715
=	0.00

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.

LF Capital Acquisition II Total Assets Related Terms

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