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BM3EAC (XAMS:BACE) Total Assets

: $0.39 Mil (As of Jun. 2023)
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BM3EAC's Total Assets for the quarter that ended in Jun. 2023 was $0.39 Mil.

During the past 12 months, BM3EAC's average Total Assets Growth Rate was 0.30% per year.

Total Assets is connected with ROA %. BM3EAC's annualized ROA % for the quarter that ended in Jun. 2023 was 7.76%. Total Assets is also linked to Revenue through Asset Turnover. BM3EAC's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

BM3EAC Total Assets Historical Data

The historical data trend for BM3EAC'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.

BM3EAC Annual Data
Trend Dec21 Dec22
Total Assets
258.94 259.16

BM3EAC Semi-Annual Data
Jun22 Dec22 Jun23
Total Assets 256.59 259.16 0.39

BM3EAC 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.

BM3EAC'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 )
=-4.755+263.918
=259.16

BM3EAC's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (Q: Jun. 2023 )+Total Liabilities (Q: Jun. 2023 )
=0.281+0.11
=0.39

* 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.

BM3EAC  (XAMS:BACE) Total Assets Explanation

Total Assets is connected with ROA %.

BM3EAC's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=10.072/( (259.164+0.39)/ 2 )
=10.072/129.777
=7.76 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

BM3EAC's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=0/( (259.164+0.39)/ 2 )
=0/129.777
=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.

BM3EAC Total Assets Related Terms

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BM3EAC (XAMS:BACE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » BM3EAC Corp (XAMS:BACE) » Definitions » Total Assets
Comparable Companies
ASZ DWAC CCYC KAHC CVII IPOF JWSM AAC GGPI XAMS:SPR1
Traded in Other Exchanges
N/A
Address
c/o Brigade Capital Management, LP, 399 Park Avenue, 16th Floor, New York, NY, USA, 10022
Website
https://www.brigadem3eac.com
BM3EAC Corp formerly, Brigade-M3 European Acquisition Corp is a special purpose acquisition company ("SPAC"), formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination (a "Business Combination") with an operating company with significant operations in Europe.

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