BNIX (Bannix Acquisition) Total Assets : $3.76 Mil (As of Dec. 2024)

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What is Bannix Acquisition Total Assets?

Bannix Acquisition's Total Assets for the quarter that ended in Dec. 2024 was $3.76 Mil.

During the past 12 months, Bannix Acquisition's average Total Assets Growth Rate was -88.30% per year. During the past 3 years, the average Total Assets Growth Rate was -62.30% per year.

During the past 4 years, Bannix Acquisition's highest 3-Year average Total Assets Growth Rate was -62.30%. The lowest was -62.30%. And the median was -62.30%.

Total Assets is connected with ROA %. Bannix Acquisition's annualized ROA % for the quarter that ended in Dec. 2024 was -55.56%. Total Assets is also linked to Revenue through Asset Turnover. Bannix Acquisition's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Bannix Acquisition Total Assets Historical Data

The historical data trend for Bannix 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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Bannix Acquisition Total Assets Chart

Bannix Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Total Assets

70.29

71.47

32.35

3.76

Bannix Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial											32.35	17.47	17.41	3.94	3.76

Bannix 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.

Bannix Acquisition's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	-1.899	+	5.662
	=	3.76

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

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-1.899	+	5.662
	=	3.76

Bannix Acquisition (OTCPK:BNIX) Total Assets Explanation

Total Assets is connected with ROA %.

Bannix Acquisition's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-2.14	/	( (3.94	+	3.763)	/ 2 )
	=	-2.14	/	3.8515
	=	-55.56 %

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

Bannix Acquisition's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (3.94	+	3.763)	/ 2 )
=	0	/	3.8515
=	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.

Bannix Acquisition Total Assets Related Terms

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Bannix Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bannix Acquisition Corp (OTCPK:BNIX) » Definitions » Total Assets

Comparable Companies

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Traded in Other Exchanges

N/A

Address

300 Delaware Avenue, Suite 210, No. 301, Wilmington, DE, USA, 19801

Website

Bannix Acquisition Corp is a blank check company.

Executives

Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Douglas Landers Davis	director, officer: Chief Executive Officer	C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Jamal Khurshid	director	BEAMS END, OLD BRIGHTON ROAD, PEASE POTTAGE X0 RH11 9AJ
Craig Marshak	director	C/O TRAFALGAR CAPITAL ADVISORS, 18851 NORTHEAST 29 AVENUE, SUITE 306, AVENTURA FL 33180
Eric Todd Shuss	director	7322 E. EQUITATION WAY, ORANGE CA 92869