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Seaport Global Acquisition II (Seaport Global Acquisition II) Total Assets : $36.61 Mil (As of Sep. 2023)


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What is Seaport Global Acquisition II Total Assets?

Seaport Global Acquisition II's Total Assets for the quarter that ended in Sep. 2023 was $36.61 Mil.

During the past 12 months, Seaport Global Acquisition II's average Total Assets Growth Rate was -75.10% per year.

Total Assets is connected with ROA %. Seaport Global Acquisition II's annualized ROA % for the quarter that ended in Sep. 2023 was -3.88%. Total Assets is also linked to Revenue through Asset Turnover. Seaport Global Acquisition II's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.


Seaport Global Acquisition II Total Assets Historical Data

The historical data trend for Seaport Global 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.

* Premium members only.

Seaport Global Acquisition II Total Assets Chart

Seaport Global Acquisition II Annual Data
Trend Dec21 Dec22
Total Assets
147.50 148.11

Seaport Global Acquisition II Quarterly Data
Jul21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only 147.39 148.11 44.92 44.97 36.61

Seaport Global 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.

Seaport Global 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 )
=141.774+6.334
=148.11

Seaport Global Acquisition II's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=23.909+12.696
=36.61

* 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.


Seaport Global Acquisition II  (NAS:SGIIU) Total Assets Explanation

Total Assets is connected with ROA %.

Seaport Global Acquisition II's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-1.584/( (44.971+36.605)/ 2 )
=-1.584/40.788
=-3.88 %

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

Seaport Global Acquisition II's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0/( (44.971+36.605)/ 2 )
=0/40.788
=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.

Seaport Global Acquisition II Total Assets Related Terms

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Seaport Global Acquisition II (Seaport Global Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
360 Madison Avenue, 20th Floor, New York, NY, USA, 10017
Seaport Global Acquisition II Corp is a blank check company.