Pure Acquisition (Pure Acquisition) Total Assets : $53.22 Mil (As of Jun. 2020)

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What is Pure Acquisition Total Assets?

Pure Acquisition's Total Assets for the quarter that ended in Jun. 2020 was $53.22 Mil.

Total Assets is connected with ROA %. Pure Acquisition's annualized ROA % for the quarter that ended in Jun. 2020 was -0.26%. Total Assets is also linked to Revenue through Asset Turnover. Pure Acquisition's Asset Turnover for the quarter that ended in Jun. 2020 was 0.00.

Pure Acquisition Total Assets Historical Data

The historical data trend for Pure 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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Pure Acquisition Total Assets Chart

Pure Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Total Assets

0.23

419.47

392.24

Pure Acquisition Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Total Assets	Get a 7-Day Free Trial					422.93	424.52	392.24	373.97	53.22

Pure 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.

Pure Acquisition's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	386.03	+	6.212
	=	392.24

Pure Acquisition's Total Assets for the quarter that ended in Jun. 2020 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2020 )	+	Total Liabilities (Q: Jun. 2020 )
	=	40.706	+	12.512
	=	53.22

Pure Acquisition (NAS:PACQ) Total Assets Explanation

Total Assets is connected with ROA %.

Pure Acquisition's annualized ROA % for the quarter that ended in Jun. 2020 is

ROA %	=	Net Income (Q: Jun. 2020 )	/	( (Total Assets (Q: Mar. 2020 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
	=	-0.548	/	( (373.97	+	53.219)	/ 2 )
	=	-0.548	/	213.5945
	=	-0.26 %

Note: The Net Income data used here is four times the quarterly (Jun. 2020) 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.

Pure Acquisition's Asset Turnover for the quarter that ended in Jun. 2020 is

	Asset Turnover
=	Revenue (Q: Jun. 2020 )	/	( (Total Assets (Q: Mar. 2020 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
=	0	/	( (373.97	+	53.219)	/ 2 )
=	0	/	213.5945
=	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.

Pure Acquisition Total Assets Related Terms

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Pure Acquisition (Pure Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

421 West 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102

Website

Pure Acquisition Corp is a blank check company. The firm intends to focus its search for a target business in the energy industry, including the upstream oil and gas industry in North America.