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OPA.U (Magnum Opus Acquisition) Total Assets : $68.25 Mil (As of Mar. 2023)


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What is Magnum Opus Acquisition Total Assets?

Magnum Opus Acquisition's Total Assets for the quarter that ended in Mar. 2023 was $68.25 Mil.

During the past 12 months, Magnum Opus Acquisition's average Total Assets Growth Rate was -66.10% per year.

Total Assets is connected with ROA %. Magnum Opus Acquisition's annualized ROA % for the quarter that ended in Mar. 2023 was 0.07%. Total Assets is also linked to Revenue through Asset Turnover. Magnum Opus Acquisition's Asset Turnover for the quarter that ended in Mar. 2023 was 0.00.

Magnum Opus Acquisition Total Assets Historical Data

The historical data trend for Magnum Opus 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.

* Premium members only.

Magnum Opus Acquisition Total Assets Chart

Magnum Opus Acquisition Annual Data
Trend Dec21 Dec22
Total Assets
200.59 203.76

Magnum Opus Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Total Assets Get a 7-Day Free Trial Premium Member Only 200.11 200.30 201.20 203.76 68.25

Magnum Opus 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.

Magnum Opus Acquisition'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 )
=190.952+12.807
=203.76

Magnum Opus Acquisition's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets=Total Equity (Q: Mar. 2023 )+Total Liabilities (Q: Mar. 2023 )
=53.835+14.413
=68.25

* 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.

Magnum Opus Acquisition  (NYSE:OPA.U) Total Assets Explanation

Total Assets is connected with ROA %.

Magnum Opus Acquisition's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %=Net Income (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=0.1/( (203.76+68.248)/ 2 )
=0.1/136.004
=0.07 %

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

Magnum Opus Acquisition's Asset Turnover for the quarter that ended in Mar. 2023 is

Asset Turnover
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=0/( (203.76+68.248)/ 2 )
=0/136.004
=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.

Magnum Opus Acquisition Total Assets Related Terms

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Magnum Opus Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Magnum Opus Acquisition Ltd (NYSE:OPA.U) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
IBC Tower Three Garden Road, Unit 1009, Central, HKG
Website
Magnum Opus Acquisition Ltd is a blank check company.
Executives
Magnum Opus Sponsors Llc 10 percent owner UNIT 1009, ICBC TOWER, 3 GARDEN ROAD, HONG KONG K3 00000
Hsieh Wing Hong Sammy director 15/F， PROSPERITY MILLENNIA PLAZA, 663 KING?S ROAD, QUARRY BAY, HONG KONG K3 00000
Magnum Opus Holdings Llc director, 10 percent owner 77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Xing Ling Liu director 77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Dickson Cheng director 77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Alexandre Casin director 77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lin Hou Pu Jonathan director, 10 percent owner 77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Frank Han officer: President 77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lee Kevin Ka Man director, officer: Chief Financial Officer 77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000