ITAQW (Industrial Tech Acquisitions II) Total Assets: $15.12 Mil (As of Jun. 2023)

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ITAQW Industrial Tech Acquisitions II Inc ITAQW
24 GF Score
Price $0.00
! 1 Warning Sign
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What is Industrial Tech Acquisitions II Total Assets?

Industrial Tech Acquisitions II ITAQW 24 Total Assets is $15.12 Mil as of Jun. 2023. GuruFocus rates ITAQW with a GF Score™ of 24/100. The stock has 1 warning sign investors should review.

Industrial Tech Acquisitions II's Total Assets for the quarter that ended in Jun. 2023 was $15.12 Mil.

During the past 12 months, Industrial Tech Acquisitions II's average Total Assets Growth Rate was -91.70% per year.

Total Assets is connected with ROA %. Industrial Tech Acquisitions II's annualized ROA % for the quarter that ended in Jun. 2023 was -0.14%. Total Assets is also linked to Revenue through Asset Turnover. Industrial Tech Acquisitions II's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Industrial Tech Acquisitions II  (NAS:ITAQW) Total Assets Explanation

Total Assets is connected with ROA %.

Industrial Tech Acquisitions 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 )
=-0.136/( (180.523+15.12)/ 2 )
=-0.136/97.8215
=-0.14 %

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.

Industrial Tech Acquisitions 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/( (180.523+15.12)/ 2 )
=0/97.8215
=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.

Industrial Tech Acquisitions II Total Assets Related Terms

Industrial Tech Acquisitions II Total Assets Historical Data

* Premium members only.

The historical data trend for Industrial Tech Acquisitions 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.

Industrial Tech Acquisitions II Total Assets Chart

Industrial Tech Acquisitions II Annual Data
Trend Dec21 Dec22
Total Assets
0.23 179.15

Industrial Tech Acquisitions II Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.30 177.96 179.15 180.52 15.12
ITAQW
24GF Score
Industrial Tech Acquisitions II Inc ITAQW
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Industrial Tech Acquisitions 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.

Industrial Tech Acquisitions 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 )
=170.631+8.523
=179.15

Industrial Tech Acquisitions 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 )
=4.928+10.192
=15.12

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $15.12 Mil mean?
Industrial Tech Acquisitions II (ITAQW) has a Total Assets of $15.12 Mil as of Jun. 2023. The total amount of assets as recorded on a company's balance sheet. View historical data on Industrial Tech Acquisitions II and its competitors.
Is Industrial Tech Acquisitions II's Total Assets too high?
Industrial Tech Acquisitions II's current Total Assets is $15.12 Mil. Overall, Industrial Tech Acquisitions II has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Industrial Tech Acquisitions II's Total Assets compare to JAQC and ROCL?
Industrial Tech Acquisitions II's Total Assets of $15.12 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Diversified Financial Services company?
A good Total Assets depends on the Diversified Financial Services industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Industrial Tech Acquisitions II and its competitors. Industrial Tech Acquisitions II's current Total Assets is $15.12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Tech Acquisitions II stock overvalued right now?
Industrial Tech Acquisitions II (ITAQW) has a current Total Assets of $15.12 Mil. The current Total Assets is $15.12 Mil. Industrial Tech Acquisitions II's overall GF Score™ is 24/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Industrial Tech Acquisitions II (ITAQW), the current Total Assets is $15.12 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Industrial Tech Acquisitions II Business Description

Address 5090 Richmond Avenue, Suite 319, Houston, TX, USA, 77056
Industrial Tech Acquisitions II Inc is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
24GF Score

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