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GGAAF (Genesis Growth Tech Acquisition) Total Assets : $1.06 Mil (As of Mar. 2024)


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What is Genesis Growth Tech Acquisition Total Assets?

Genesis Growth Tech Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $1.06 Mil.

During the past 12 months, Genesis Growth Tech Acquisition's average Total Assets Growth Rate was -56.80% per year.

Total Assets is connected with ROA %. Genesis Growth Tech Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 was -101.56%. Total Assets is also linked to Revenue through Asset Turnover. Genesis Growth Tech Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Genesis Growth Tech Acquisition Total Assets Historical Data

The historical data trend for Genesis Growth Tech 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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Genesis Growth Tech Acquisition Total Assets Chart

Genesis Growth Tech Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
259.17 264.37 1.05

Genesis Growth Tech Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.46 2.08 1.09 1.05 1.06

Genesis Growth Tech 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.

Genesis Growth Tech 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 )
=-4.29+5.339
=1.05

Genesis Growth Tech Acquisition's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=-4.558+5.62
=1.06

* 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.

Genesis Growth Tech Acquisition  (OTCPK:GGAAF) Total Assets Explanation

Total Assets is connected with ROA %.

Genesis Growth Tech Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-1.072/( (1.049+1.062)/ 2 )
=-1.072/1.0555
=-101.56 %

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

Genesis Growth Tech Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (1.049+1.062)/ 2 )
=0/1.0555
=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.

Genesis Growth Tech Acquisition Total Assets Related Terms

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Genesis Growth Tech Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Genesis Growth Tech Acquisition Corp (OTCPK:GGAAF) » Definitions » Total Assets
Comparable Companies
EDGM HGYN LSMG IHAI HLLK WLYW WHLT YBCN IWSH CNCTD AACT ANSC AAM EQV NETD CCIX GPAT ALF MBAV CCIR
Traded in Other Exchanges
N/A
Address
Bahnhofstrasse 3, Nidwalden, Hergiswil, CHE, 6052
Website
https://www.genesisgrowthtechspac.com
Genesis Growth Tech Acquisition Corp is a blank check company.
Executives
Genesis Growth Tech Llc 10 percent owner 6 GENERAL-GUISAN-STRASSE, ZUG V8 6303
Massimo Prelz-oltramonti director C/O GENESIS GROWTH TECH ACQUISITION CORP, BAHNHOFSTRASSE 3, 6052 HERGISWIL, NIDWALDEN V8 6052
Simon Baker director, officer: COO & Executive Head of M&A C/O GENESIS GROWTH TECH ACQUISITION CORP, BAHNHOFSTRASSE 3, 6052 HERGISWIL, NIDWALDEN V8 6052
Eyal Perez director, 10 percent owner, officer: CEO & CFO C/O GENESIS GROWTH TECH ACQUISITION CORP, BAHNHOFSTRASSE 3, 6052 HERGISWIL, NIDWALDEN V8 6052
Michael Lahyani director, officer: ChiefStrategyOfcr & President C/O GENESIS GROWTH TECH ACQUISITION CORP, BAHNHOFSTRASSE 3, 6052 HERGISWIL, NIDWALDEN V8 6052
Cem Habib director C/O GENESIS GROWTH TECH ACQUISITION CORP, BAHNHOFSTRASSE 3, 6052 HERGISWIL, NIDWALDEN V8 6052
Pierre-etienne Lallia director C/O GENESIS GROWTH TECH ACQUISITION CORP, BAHNHOFSTRASSE 3, 6052 HERGISWIL, NIDWALDEN V8 6052