GXGXW (GX Acquisition) Total Assets : $291.93 Mil (As of Mar. 2021)

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What is GX Acquisition Total Assets?

GX Acquisition's Total Assets for the quarter that ended in Mar. 2021 was $291.93 Mil.

During the past 12 months, GX Acquisition's average Total Assets Growth Rate was -0.10% per year.

Total Assets is connected with ROA %. GX Acquisition's annualized ROA % for the quarter that ended in Mar. 2021 was 13.02%. Total Assets is also linked to Revenue through Asset Turnover. GX Acquisition's Asset Turnover for the quarter that ended in Mar. 2021 was 0.00.

GX Acquisition Total Assets Historical Data

The historical data trend for GX 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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GX Acquisition Total Assets Chart

GX Acquisition Annual Data

Trend

Dec18

Dec19

Dec20

Total Assets

0.17

291.61

292.16

GX Acquisition Semi-Annual Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Total Assets	Get a 7-Day Free Trial				292.62	292.41	292.37	292.16	291.93

GX 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.

GX Acquisition's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	214.133	+	78.023
	=	292.16

GX Acquisition's Total Assets for the quarter that ended in Mar. 2021 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2021 )	+	Total Liabilities (Q: Mar. 2021 )
	=	252.162	+	39.765
	=	291.93

GX Acquisition (NAS:GXGXW) Total Assets Explanation

Total Assets is connected with ROA %.

GX Acquisition's annualized ROA % for the quarter that ended in Mar. 2021 is

ROA %	=	Net Income (Q: Mar. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
	=	38.029	/	( (292.156	+	291.928)	/ 2 )
	=	38.029	/	292.042
	=	13.02 %

Note: The Net Income data used here is one times the annual (Mar. 2021) 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.

GX Acquisition's Asset Turnover for the quarter that ended in Mar. 2021 is

	Asset Turnover
=	Revenue (Q: Mar. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
=	0	/	( (292.156	+	291.928)	/ 2 )
=	0	/	292.042
=	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.

GX Acquisition Total Assets Related Terms

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