Concord Acquisition II (Concord Acquisition II) Total Assets : $155.76 Mil (As of Mar. 2024)

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What is Concord Acquisition II Total Assets?

Concord Acquisition II's Total Assets for the quarter that ended in Mar. 2024 was $155.76 Mil.

During the past 12 months, Concord Acquisition II's average Total Assets Growth Rate was -45.70% per year.

Total Assets is connected with ROA %. Concord Acquisition II's annualized ROA % for the quarter that ended in Mar. 2024 was 1.78%. Total Assets is also linked to Revenue through Asset Turnover. Concord Acquisition II's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Concord Acquisition II Total Assets Historical Data

The historical data trend for Concord Acquisition II'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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Concord Acquisition II Total Assets Chart

Concord Acquisition II Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

282.55

284.85

154.31

Concord Acquisition II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								287.57	289.00	153.34	154.31	155.76

Concord Acquisition II 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.

Concord Acquisition II'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 )
	=	145.726	+	8.58
	=	154.31

Concord Acquisition II'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 )
	=	146.416	+	9.347
	=	155.76

Concord Acquisition II (AMEX:CNDA) Total Assets Explanation

Total Assets is connected with ROA %.

Concord Acquisition II'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 )
	=	2.76	/	( (154.306	+	155.762)	/ 2 )
	=	2.76	/	155.034
	=	1.78 %

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.

Concord Acquisition II'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	/	( (154.306	+	155.762)	/ 2 )
=	0	/	155.034
=	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.

Concord Acquisition II Total Assets Related Terms

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Concord Acquisition II (Concord Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Concord Acquisition Corp II (AMEX:CNDA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

477 Madison Avenue, New York, NY, USA, 10022

Website

Concord Acquisition Corp II is a newly organized, blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Diamond Robert E. Jr.	director	BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Lawrence E Leibowitz	director	C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Jeffrey Tuder	officer: Chief Executive Officer	6 GREENHOUSE DRIVE, PRINCETON NJ 08540
Thomas C. King	director	C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Peter Ort	director	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Michele Cito	officer: Chief Financial Officer	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Henry Helgeson	director	477 MADISON AVENUE, C/O CONCORD ACQUISITION CORP., NEW YORK NY 10022
Concord Sponsor Group Ii Llc	10 percent owner	477 MADISON AVENUE, NEW YORK NY 10022

Concord Acquisition II (Concord Acquisition II) Headlines

From GuruFocus

Concord Acquisition Corp II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About October 22, 2021

By PRNewswire PRNewswire • 10-20-2021

Concord Acquisition Corp II Announces Closing of $250 Million Initial Public Offering

By PRNewswire PRNewswire • 09-07-2021