AITR (AI Transportation Acquisition) Total Assets : $63.18 Mil (As of Sep. 2024)

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What is AI Transportation Acquisition Total Assets?

AI Transportation Acquisition's Total Assets for the quarter that ended in Sep. 2024 was $63.18 Mil.

During the past 12 months, AI Transportation Acquisition's average Total Assets Growth Rate was 35169.80% per year.

Total Assets is connected with ROA %. AI Transportation Acquisition's annualized ROA % for the quarter that ended in Sep. 2024 was 4.22%. Total Assets is also linked to Revenue through Asset Turnover. AI Transportation Acquisition's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

AI Transportation Acquisition Total Assets Historical Data

The historical data trend for AI Transportation 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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AI Transportation Acquisition Total Assets Chart

AI Transportation Acquisition Annual Data

Trend

Dec22

Dec23

Total Assets

0.03

61.31

AI Transportation Acquisition Quarterly Data
	Sep22	Feb23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial			0.18	61.31	61.90	62.55	63.18

AI Transportation 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.

AI Transportation Acquisition'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 )
	=	60.039	+	1.267
	=	61.31

AI Transportation Acquisition's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	61.759	+	1.424
	=	63.18

AI Transportation Acquisition (NAS:AITR) Total Assets Explanation

Total Assets is connected with ROA %.

AI Transportation Acquisition's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	2.656	/	( (62.548	+	63.183)	/ 2 )
	=	2.656	/	62.8655
	=	4.22 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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.

AI Transportation Acquisition's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (62.548	+	63.183)	/ 2 )
=	0	/	62.8655
=	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.

AI Transportation Acquisition Total Assets Related Terms

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