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Bite Acquisition (Bite Acquisition) Total Assets : $25.61 Mil (As of Mar. 2024)


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What is Bite Acquisition Total Assets?

Bite Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $25.61 Mil.

During the past 12 months, Bite Acquisition's average Total Assets Growth Rate was -16.80% per year. During the past 3 years, the average Total Assets Growth Rate was 459.00% per year.

During the past 4 years, Bite Acquisition's highest 3-Year average Total Assets Growth Rate was 459.00%. The lowest was 459.00%. And the median was 459.00%.

Total Assets is connected with ROA %. Bite Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 was -0.34%. Total Assets is also linked to Revenue through Asset Turnover. Bite Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Bite Acquisition Total Assets Historical Data

The historical data trend for Bite 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.

* Premium members only.

Bite Acquisition Total Assets Chart

Bite Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
0.21 200.51 30.42 30.92

Bite Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.82 31.11 30.38 30.92 25.61

Bite 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.

Bite 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 )
=26.846+4.076
=30.92

Bite Acquisition's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=21.213+4.394
=25.61

* 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.

Bite Acquisition  (AMEX:BITE) Total Assets Explanation

Total Assets is connected with ROA %.

Bite Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-0.096/( (30.922+25.607)/ 2 )
=-0.096/28.2645
=-0.34 %

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

Bite Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (30.922+25.607)/ 2 )
=0/28.2645
=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.

Bite Acquisition Total Assets Related Terms

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Bite Acquisition (Bite Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bite Acquisition Corp (AMEX:BITE) » Definitions » Total Assets
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Traded in Other Exchanges
BITE.U:USA
Address
30 West Street, No. 28 F, New York, NY, USA, 10004
Website
https://www.biteacquisitioncorp.com
Bite Acquisition Corp is a blank check company.
Executives
Julia A Stewart director 4551 WEST 107TH STREET STE 100, C/O APPLEBEES INTERNATIONAL INC, OVERLAND PARK KS 66207
Joseph C. Essa director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Smart Dine, Llc 10 percent owner 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Axel Molet Warschawski officer: Chief Financial Officer C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Randall Hiatt director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Alberto Ardura Gonzalez director, officer: Chief Executive Officer C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Gomez Rafael Felipe De Jesus Aguirre director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004