M3 Brigade Acquisition II (M3 Brigade Acquisition II) Total Assets : $48.01 Mil (As of Sep. 2023)

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What is M3 Brigade Acquisition II Total Assets?

M3 Brigade Acquisition II's Total Assets for the quarter that ended in Sep. 2023 was $48.01 Mil.

During the past 12 months, M3 Brigade Acquisition II's average Total Assets Growth Rate was -88.10% per year.

Total Assets is connected with ROA %. M3 Brigade Acquisition II's annualized ROA % for the quarter that ended in Sep. 2023 was 0.69%. Total Assets is also linked to Revenue through Asset Turnover. M3 Brigade Acquisition II's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

M3 Brigade Acquisition II Total Assets Historical Data

The historical data trend for M3 Brigade 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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M3 Brigade Acquisition II Total Assets Chart

M3 Brigade Acquisition II Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.03

401.60

404.67

M3 Brigade Acquisition II Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial							402.53	404.67	47.51	47.61	48.01

M3 Brigade 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.

M3 Brigade 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 )
	=	388.512	+	16.157
	=	404.67

M3 Brigade 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 )
	=	28.191	+	19.82
	=	48.01

M3 Brigade Acquisition II (NYSE:MBAC.U) Total Assets Explanation

Total Assets is connected with ROA %.

M3 Brigade 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 )
	=	0.328	/	( (47.609	+	48.011)	/ 2 )
	=	0.328	/	47.81
	=	0.69 %

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.

M3 Brigade 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	/	( (47.609	+	48.011)	/ 2 )
=	0	/	47.81
=	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.

M3 Brigade Acquisition II Total Assets Related Terms

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M3 Brigade Acquisition II (M3 Brigade Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » M3 Brigade Acquisition II Corp (NYSE:MBAC.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Broadway, 19th Floor, New York, NY, USA, 10019

Website

https://www.m3-partners.com

M3 Brigade Acquisition II Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Mohsin Y Meghji	director, 10 percent owner	C/O LOUGHLIN MEGHJI + COMPANY, NEW YORK NY 10016
John Paul Roehm	director	8440 WOODFIELD CROSSING BLVD., SUITE 500, INDIANAPOLIS IN 46240
Garner Charles Hugh Farkas	officer: EVP and Secretary	3 COLUMBUS CIRCLE, NEW YORK NY 10019
William C Gallagher	officer: Executive Vice President	C/O WMIH CORP., 800 FIFTH AVENUE, SUITE 4222, SEATTLE WA 98104
Dale R Gerard	director	C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604
Frank M Garrison	director	C/O OVERTON CAPITAL LLC, 3100 WEST END AVENUE, SUITE 1230, NASHVILLE TN 37203
M3 Sponsor Ii Lp	10 percent owner	130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
Aaron Yeary	director	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036
Steven Vincent	director	C/O M3 ACQUISITION, 130 WEST 42ND STREET, 17TH FLOOR, NEW YORK NY 10036