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Onyx Acquisition Co I (Onyx Acquisition Co I) Total Assets : $22.46 Mil (As of Dec. 2023)


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What is Onyx Acquisition Co I Total Assets?

Onyx Acquisition Co I's Total Assets for the quarter that ended in Dec. 2023 was $22.46 Mil.

During the past 12 months, Onyx Acquisition Co I's average Total Assets Growth Rate was -91.80% per year.

Total Assets is connected with ROA %. Onyx Acquisition Co I's annualized ROA % for the quarter that ended in Dec. 2023 was -6.69%. Total Assets is also linked to Revenue through Asset Turnover. Onyx Acquisition Co I's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Onyx Acquisition Co I Total Assets Historical Data

The historical data trend for Onyx Acquisition Co 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.

* Premium members only.

Onyx Acquisition Co I Total Assets Chart

Onyx Acquisition Co I Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
271.44 274.32 22.46

Onyx Acquisition Co I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 274.32 45.03 45.71 22.17 22.46

Onyx Acquisition Co 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.

Onyx Acquisition Co 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 )
=7.432+15.024
=22.46

Onyx Acquisition Co I's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=7.432+15.024
=22.46

* 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.

Onyx Acquisition Co I  (NAS:ONYXW) Total Assets Explanation

Total Assets is connected with ROA %.

Onyx Acquisition Co I's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-1.492/( (22.17+22.456)/ 2 )
=-1.492/22.313
=-6.69 %

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

Onyx Acquisition Co I's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (22.17+22.456)/ 2 )
=0/22.313
=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.

Onyx Acquisition Co I Total Assets Related Terms

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Onyx Acquisition Co I (Onyx Acquisition Co I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Onyx Acquisition Co I (NAS:ONYXW) » Definitions » Total Assets
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Traded in Other Exchanges
ONYX:USA
Address
104 5th Avenue, New York, NY, USA, 10011
Website
https://www.onyxacqu.com
Onyx Acquisition Co I is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.