GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Genesis Acquisition Corp III (NYSE:NGC.U) » Definitions » Total Assets

Northern Genesis Acquisition III (Northern Genesis Acquisition III) Total Assets

: $173.72 Mil (As of Sep. 2022)
View and export this data going back to 2021. Start your Free Trial

Northern Genesis Acquisition III's Total Assets for the quarter that ended in Sep. 2022 was $173.72 Mil.

During the past 12 months, Northern Genesis Acquisition III's average Total Assets Growth Rate was 0.60% per year.

Total Assets is connected with ROA %. Northern Genesis Acquisition III's annualized ROA % for the quarter that ended in Sep. 2022 was 5.89%. Total Assets is also linked to Revenue through Asset Turnover. Northern Genesis Acquisition III's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

Northern Genesis Acquisition III Total Assets Historical Data

The historical data trend for Northern Genesis Acquisition III'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.

Northern Genesis Acquisition III Annual Data
Trend Dec21
Total Assets
172.79

Northern Genesis Acquisition III Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Assets Premium Member Only Premium Member Only 173.23 172.79 172.59 172.95 173.72

Northern Genesis Acquisition III 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.

Northern Genesis Acquisition III'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 )
=159.333+13.46
=172.79

Northern Genesis Acquisition III'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 )
=165.499+8.221
=173.72

* 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.

Northern Genesis Acquisition III  (NYSE:NGC.U) Total Assets Explanation

Total Assets is connected with ROA %.

Northern Genesis Acquisition III'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 )
=10.204/( (172.953+173.72)/ 2 )
=10.204/173.3365
=5.89 %

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.

Northern Genesis Acquisition III'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/( (172.953+173.72)/ 2 )
=0/173.3365
=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.

Northern Genesis Acquisition III Total Assets Related Terms

Thank you for viewing the detailed overview of Northern Genesis Acquisition III's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Northern Genesis Acquisition III (Northern Genesis Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Genesis Acquisition Corp III (NYSE:NGC.U) » Definitions » Total Assets
Comparable Companies
SPTK TCOA CLBR PHIC GFOR KSI PGRW APXI INKA BRIV GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
4801 Main Street, Suite 1000, Kansas City, MO, USA, 64112
Website
https://www.northerngenesis.com
Northern Genesis Acquisition Corp III is a blank check company.
Executives
Michael B Hoffman officer: President 1 GREENWICH OFFICE PARK, GREENWICH CT 06831
Paul Dalglish director C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Robert Ian Schaefer director C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Brad Sparkes director C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Kenneth Manget officer: Chief Financial Officer C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112