OceanTech Acquisitions I (OceanTech Acquisitions I) Total Assets : $9.31 Mil (As of Mar. 2024)

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What is OceanTech Acquisitions I Total Assets?

OceanTech Acquisitions I's Total Assets for the quarter that ended in Mar. 2024 was $9.31 Mil.

During the past 12 months, OceanTech Acquisitions I's average Total Assets Growth Rate was -53.50% per year.

Total Assets is connected with ROA %. OceanTech Acquisitions I's annualized ROA % for the quarter that ended in Mar. 2024 was -68.57%. Total Assets is also linked to Revenue through Asset Turnover. OceanTech Acquisitions I's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

OceanTech Acquisitions I Total Assets Historical Data

The historical data trend for OceanTech Acquisitions I'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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OceanTech Acquisitions I Total Assets Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

104.85

19.47

9.39

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								20.03	9.40	9.32	9.39	9.31

OceanTech Acquisitions I 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.

OceanTech Acquisitions I's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-2.045	+	11.434
	=	9.39

OceanTech Acquisitions I's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-3.642	+	12.956
	=	9.31

OceanTech Acquisitions I (NAS:OTECW) Total Assets Explanation

Total Assets is connected with ROA %.

OceanTech Acquisitions I's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-6.412	/	( (9.389	+	9.314)	/ 2 )
	=	-6.412	/	9.3515
	=	-68.57 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

OceanTech Acquisitions I's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (9.389	+	9.314)	/ 2 )
=	0	/	9.3515
=	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.

OceanTech Acquisitions I Total Assets Related Terms

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OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (NAS:OTECW) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

OTEC:USA

Address

515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022

Website

OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.