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Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Total Assets : $309.09 Mil (As of Sep. 2022)


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What is Ascendant Digital Acquisition III Total Assets?

Ascendant Digital Acquisition III's Total Assets for the quarter that ended in Sep. 2022 was $309.09 Mil.

During the past 12 months, Ascendant Digital Acquisition III's average Total Assets Growth Rate was 118151.30% per year.

Total Assets is connected with ROA %. Ascendant Digital Acquisition III's annualized ROA % for the quarter that ended in Sep. 2022 was 4.21%. Total Assets is also linked to Revenue through Asset Turnover. Ascendant Digital Acquisition III's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

Ascendant Digital Acquisition III Total Assets Historical Data

The historical data trend for Ascendant Digital 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.

Ascendant Digital Acquisition III Total Assets Chart

Ascendant Digital Acquisition III Annual Data
Trend Dec21
Total Assets
307.82

Ascendant Digital Acquisition III Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Assets Get a 7-Day Free Trial 0.27 307.82 307.79 307.83 309.09

Ascendant Digital 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.

Ascendant Digital 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 )
=278.868+28.951
=307.82

Ascendant Digital 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 )
=296.93+12.162
=309.09

* 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.

Ascendant Digital Acquisition III  (NYSE:ACDI.U) Total Assets Explanation

Total Assets is connected with ROA %.

Ascendant Digital 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 )
=12.976/( (307.829+309.092)/ 2 )
=12.976/308.4605
=4.21 %

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.

Ascendant Digital 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/( (307.829+309.092)/ 2 )
=0/308.4605
=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.

Ascendant Digital Acquisition III Total Assets Related Terms

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Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ascendant Digital Acquisition Corp III (NYSE:ACDI.U) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
667 Madison Avenue, 5th Floor, New York, NY, USA, 10065
Website
https://www.ascendant.digital
Ascendant Digital Acquisition Corp III is a blank check company.

Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Headlines

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