FSRXU (Finserv Acquisition II) Total Assets : $10.99 Mil (As of Sep. 2023)

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What is Finserv Acquisition II Total Assets?

Finserv Acquisition II's Total Assets for the quarter that ended in Sep. 2023 was $10.99 Mil.

During the past 12 months, Finserv Acquisition II's average Total Assets Growth Rate was -96.40% per year.

Total Assets is connected with ROA %. Finserv Acquisition II's annualized ROA % for the quarter that ended in Sep. 2023 was 0.05%. Total Assets is also linked to Revenue through Asset Turnover. Finserv Acquisition II's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Finserv Acquisition II Total Assets Historical Data

The historical data trend for Finserv 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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Finserv Acquisition II Total Assets Chart

Finserv Acquisition II Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.03

301.43

304.15

Finserv Acquisition II Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial							302.16	304.15	51.82	51.05	10.99

Finserv 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.

Finserv Acquisition II's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	293.11	+	11.044
	=	304.15

Finserv Acquisition II'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 )
	=	-2.965	+	13.955
	=	10.99

Finserv Acquisition II (NAS:FSRXU) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0.016	/	( (51.046	+	10.99)	/ 2 )
	=	0.016	/	31.018
	=	0.05 %

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

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

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (51.046	+	10.99)	/ 2 )
=	0	/	31.018
=	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.

Finserv Acquisition II Total Assets Related Terms

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Finserv Acquisition II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Finserv Acquisition Corp II (NAS:FSRXU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY, USA, 10105

Website

https://www.finservacquisition.com

Finserv Acquisition Corp II is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses.

Executives

Lee Einbinder	director, 10 percent owner, officer: Chief Executive Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Matza	director
Keating Valerie Soranno	director	C/O CPI CARD GROUP INC., 10026 WEST SAN JUAN WAY, LITTLETON CO 80127
Howard Kurz	director, officer: President	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David A Smilow	director
Finserv Holdings Ii Llc	director, 10 percent owner, officer: Chief Executive Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Steven Handwerker	officer: Chief Financial Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Brian Vaughan	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

Finserv Acquisition II Headlines

From GuruFocus

Finserv Acquisition Corp Ii (FSRXU) CEO Lee Einbinder Bought $8 million of Shares

By GuruFocus Research GuruFocus Editor • 02-24-2021