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Focus Impact Acquisition's Total Assets for the quarter that ended in Jun. 2024 was $19.35 Mil.
During the past 12 months, Focus Impact Acquisition's average Total Assets Growth Rate was -68.10% per year.
Total Assets is connected with ROA %. Focus Impact Acquisition's annualized ROA % for the quarter that ended in Jun. 2024 was -12.81%. Total Assets is also linked to Revenue through Asset Turnover. Focus Impact Acquisition's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.
The historical data trend for Focus Impact 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.
Focus Impact Acquisition Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Total Assets | 236.82 | 238.83 | 62.74 |
Focus Impact Acquisition Quarterly Data | ||||||||||||||
Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Total Assets | Get a 7-Day Free Trial | 61.05 | 61.80 | 62.74 | 19.25 | 19.35 |
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.
Focus Impact 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 ) |
= | 9.694 | + | 53.042 | |
= | 62.74 |
Focus Impact Acquisition's Total Assets for the quarter that ended in Jun. 2024 is calculated as
Total Assets | = | Total Equity (Q: Jun. 2024 ) | + | Total Liabilities (Q: Jun. 2024 ) |
= | 6.842 | + | 12.505 | |
= | 19.35 |
* 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.
Focus Impact Acquisition (NAS:FIAC) Total Assets Explanation
Total Assets is connected with ROA %.
Focus Impact Acquisition's annualized ROA % for the quarter that ended in Jun. 2024 is
ROA % | = | Net Income (Q: Jun. 2024 ) | / | ( (Total Assets (Q: Mar. 2024 ) | + | Total Assets (Q: Jun. 2024 )) | / count ) |
= | -2.472 | / | ( (19.248 | + | 19.348) | / 2 ) | |
= | -2.472 | / | 19.298 | ||||
= | -12.81 % |
Note: The Net Income data used here is four times the quarterly (Jun. 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.
Focus Impact Acquisition's Asset Turnover for the quarter that ended in Jun. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Jun. 2024 ) | / | ( (Total Assets (Q: Mar. 2024 ) | + | Total Assets (Q: Jun. 2024 )) | / count ) |
= | 0 | / | ( (19.248 | + | 19.348) | / 2 ) |
= | 0 | / | 19.298 | |||
= | 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.
Thank you for viewing the detailed overview of Focus Impact Acquisition's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
D'angela Simms | director | 40 W. 57TH STREET, 33RD FLOOR, NEW YORK NY 10019 |
Jerri Devard | director | 120 E 87TH STREET, #P6A, NEW YORK NY 10128 |
Westley Moore | director, other: Chairman | 325 WEST HURON STREET, SUITE 412, CHICAGO IL 60654 |
Wray T Thorn | officer: Chief Investment Officer | 63 WEST 17TH STREET, NEW YORK NY 10011 |
Dawanna Williams | director | 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590 |
Troy L Carter | director | 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808 |
Focus Impact Sponsor, Llc | director, 10 percent owner | 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808 |
Carl Stanton | officer: Chief Executive Officer | C/O FOCUS IMPACT, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808 |
Ernest D Lyles | officer: Chief Financial Officer | C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177 |
Howard L Sanders | director | C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177 |
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