FZT.U (FAST Acquisition II) Total Assets : $75.16 Mil (As of Jun. 2023)

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What is FAST Acquisition II Total Assets?

FAST Acquisition II's Total Assets for the quarter that ended in Jun. 2023 was $75.16 Mil.

During the past 12 months, FAST Acquisition II's average Total Assets Growth Rate was -66.40% per year.

Total Assets is connected with ROA %. FAST Acquisition II's annualized ROA % for the quarter that ended in Jun. 2023 was -12.94%. Total Assets is also linked to Revenue through Asset Turnover. FAST Acquisition II's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

FAST Acquisition II Total Assets Historical Data

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

FAST Acquisition II Annual Data

Trend

Dec21

Dec22

Total Assets

223.34

225.28

FAST Acquisition II Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial					223.18	224.25	225.28	74.37	75.16

FAST 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.

FAST 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 )
	=	206.967	+	18.308
	=	225.28

FAST Acquisition II's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	52.482	+	22.675
	=	75.16

FAST Acquisition II (NYSE:FZT.U) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-9.672	/	( (74.372	+	75.158)	/ 2 )
	=	-9.672	/	74.765
	=	-12.94 %

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

FAST Acquisition II's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (74.372	+	75.158)	/ 2 )
=	0	/	74.765
=	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.

FAST Acquisition II Total Assets Related Terms

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FAST Acquisition II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FAST Acquisition Corp II (NYSE:FZT.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Old Branchville Road, Ridgefield, CT, USA, 06877

Website

https://www.fastacqii.com

FAST Acquisition Corp II is a blank check company.

Executives

Kevin Michael Reddy	director	3 MINETTA STREET, NEW YORK NY 10012
Alice Elliot	director	C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211
Ramin Arani	director	C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Garrett Schreiber	officer: CFO	3 MINETTA STREET, NEW YORK NY 10012
Sandy Beall	director, officer: Chief Executive Officer	3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda	director	3 MINETTA STREET, NEW YORK NY 10012
Michael Lastoria	director	C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Steve Kassin	director	C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Eugene Remm	director, officer: Chief Brand Officer	551 W. 21ST STREET, 6B, NEW YORK NY 10011
Fast Sponsor Ii Llc	10 percent owner	109 OLD BRANCHVILLE ROAD, RIDGEFIELD CT 06877
Fast Sponsor Ii Manager Llc	other: See Remarks	109 OLD BRANCHVILLE ROAD, RIDGEFIELD CT 06877
Daniel Gardner	officer: Chief Digital Officer	8516 ROLLINS DRIVE, AUSTIN TX 78738
Clifford Ryan Moskowitz	director	117 STONEMILL ROAD, STORRS CT 06268