TMT Acquisition (TMT Acquisition) Total Assets : $64.68 Mil (As of Mar. 2024)

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What is TMT Acquisition Total Assets?

TMT Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $64.68 Mil.

During the past 12 months, TMT Acquisition's average Total Assets Growth Rate was 4.90% per year.

Total Assets is connected with ROA %. TMT Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 was 2.81%. Total Assets is also linked to Revenue through Asset Turnover. TMT Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

TMT Acquisition Total Assets Historical Data

The historical data trend for TMT 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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TMT Acquisition Total Assets Chart

TMT Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.50

63.57

TMT Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial						61.69	62.10	62.81	63.57	64.68

TMT 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.

TMT Acquisition'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 )
	=	63.158	+	0.409
	=	63.57

TMT Acquisition'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 )
	=	63.609	+	1.069
	=	64.68

TMT Acquisition (NAS:TMTC) Total Assets Explanation

Total Assets is connected with ROA %.

TMT Acquisition'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 )
	=	1.804	/	( (63.567	+	64.678)	/ 2 )
	=	1.804	/	64.1225
	=	2.81 %

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.

TMT Acquisition'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	/	( (63.567	+	64.678)	/ 2 )
=	0	/	64.1225
=	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.

TMT Acquisition Total Assets Related Terms

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TMT Acquisition (TMT Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TMT Acquisition Corp (NAS:TMTC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Fifth Avenue, Suite 938, New York, NY, USA, 10110

Website

TMT Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

2tm Holding Lp	10 percent owner	500 FIFTH AVENUE, SUITE 938, NEW YORK NY 10110
Christopher Constable	director	3000 NW 109TH AVE, MIAMI FL 33172
Dajiang Guo	director, officer: Chief Executive Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
Jichuan Yang	officer: Chief Financial Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
James Edward Burns	director	3322 DESERT INN, MONTGOMERY TX 77356
Kenan Gong	director	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110

TMT Acquisition (TMT Acquisition) Headlines

From GuruFocus

TMT Acquisition Corp Announces the Separate Trading of its Ordinary Shares and Rights Commencing on May 1, 2023

By sperokesalga sperokesalga • 04-27-2023

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TMT Acquisition Corp Announces Closing of $60 Million Initial Public Offering

By sperokesalga sperokesalga • 03-30-2023