Epic Acquisition (FRA:V08) Total Assets : €19.30 Mil (As of Sep. 2023)

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What is Epic Acquisition Total Assets?

Epic Acquisition's Total Assets for the quarter that ended in Sep. 2023 was €19.30 Mil.

During the past 12 months, Epic Acquisition's average Total Assets Growth Rate was -87.40% per year.

Total Assets is connected with ROA %. Epic Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 was -7.40%. Total Assets is also linked to Revenue through Asset Turnover. Epic Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Epic Acquisition Total Assets Historical Data

The historical data trend for Epic 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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Epic Acquisition Total Assets Chart

Epic Acquisition Annual Data

Trend

Sep21

Sep22

Sep23

Total Assets

0.84

154.63

19.30

Epic Acquisition Semi-Annual Data
	Mar22	Mar23	Sep23
Total Assets	155.83	155.36	19.30

Epic 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.

Epic Acquisition's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-3.488	+	22.791
	=	19.30

Epic Acquisition's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-3.488	+	22.791
	=	19.30

Epic Acquisition (FRA:V08) Total Assets Explanation

Total Assets is connected with ROA %.

Epic Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-6.462	/	( (155.357	+	19.303)	/ 2 )
	=	-6.462	/	87.33
	=	-7.40 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) 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.

Epic Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (155.357	+	19.303)	/ 2 )
=	0	/	87.33
=	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.

Epic Acquisition Total Assets Related Terms

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Epic Acquisition (FRA:V08) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Epic Acquisition Corp (FRA:V08) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

190 Elgin Avenue, George Town, CYM, KY1-9008

Website

https://www.epicacquisitioncorp.com

Epic Acquisition Corp is a special purpose acquisition company aimed at acquiring companies operating in the consumer sector in the European Economic Area or the United Kingdom.

Epic Acquisition (FRA:V08) Headlines

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