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FSHP (Flag Ship Acquisition) Total Assets : $70.97 Mil (As of Dec. 2024)


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What is Flag Ship Acquisition Total Assets?

Flag Ship Acquisition's Total Assets for the quarter that ended in Dec. 2024 was $70.97 Mil.

During the past 12 months, Flag Ship Acquisition's average Total Assets Growth Rate was 202457.10% per year. During the past 3 years, the average Total Assets Growth Rate was 899.50% per year.

During the past 6 years, Flag Ship Acquisition's highest 3-Year average Total Assets Growth Rate was 899.50%. The lowest was 899.50%. And the median was 899.50%.

Total Assets is connected with ROA %. Flag Ship Acquisition's annualized ROA % for the quarter that ended in Dec. 2024 was 2.70%. Total Assets is also linked to Revenue through Asset Turnover. Flag Ship Acquisition's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Flag Ship Acquisition Total Assets Historical Data

The historical data trend for Flag Ship 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.

Flag Ship Acquisition Total Assets Chart

Flag Ship Acquisition Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Assets
Get a 7-Day Free Trial - 0.13 0.22 0.15 70.97

Flag Ship Acquisition Quarterly Data
Dec19 Sep20 Dec20 Sep21 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only 0.15 0.08 69.34 70.11 70.97

Flag Ship 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.

Flag Ship 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 )
=68.534+2.437
=70.97

Flag Ship 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 )
=68.534+2.437
=70.97

* 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.

Flag Ship Acquisition  (NAS:FSHP) Total Assets Explanation

Total Assets is connected with ROA %.

Flag Ship 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 )
=1.908/( (70.11+70.972)/ 2 )
=1.908/70.541
=2.70 %

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.

Flag Ship 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/( (70.11+70.972)/ 2 )
=0/70.541
=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.

Flag Ship Acquisition Total Assets Related Terms

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Flag Ship Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Flag Ship Acquisition Corp (NAS:FSHP) » Definitions » Total Assets
Comparable Companies
DTSQ HSPT HSPO IROH IPXX BKHA PUCK IVCA NOEM DYCQ AACT ANSC AAM EQV NETD CCIX GPAT ALF MBAV CCIR
Traded in Other Exchanges
N/A
Address
26 Broadway, Suite 934, New York, NY, USA, 10004
Website
Flag Ship Acquisition Corp is a blank check company formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.