Pivotal Investment III (Pivotal Investment III) Total Assets : $20.93 Mil (As of Jun. 2023)

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What is Pivotal Investment III Total Assets?

Pivotal Investment III's Total Assets for the quarter that ended in Jun. 2023 was $20.93 Mil.

During the past 12 months, Pivotal Investment III's average Total Assets Growth Rate was -92.40% per year.

Total Assets is connected with ROA %. Pivotal Investment III's annualized ROA % for the quarter that ended in Jun. 2023 was 11.26%. Total Assets is also linked to Revenue through Asset Turnover. Pivotal Investment III's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Pivotal Investment III Total Assets Historical Data

The historical data trend for Pivotal Investment III'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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Pivotal Investment III Total Assets Chart

Pivotal Investment III Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.05

276.78

279.03

Pivotal Investment III Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial						276.75	277.77	279.03	20.77	20.93

Pivotal Investment III 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.

Pivotal Investment III'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 )
	=	8.336	+	270.695
	=	279.03

Pivotal Investment III'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 )
	=	8.893	+	12.039
	=	20.93

Pivotal Investment III (OTCPK:PICC.U) Total Assets Explanation

Total Assets is connected with ROA %.

Pivotal Investment III'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 )
	=	2.348	/	( (20.771	+	20.932)	/ 2 )
	=	2.348	/	20.8515
	=	11.26 %

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.

Pivotal Investment III'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	/	( (20.771	+	20.932)	/ 2 )
=	0	/	20.8515
=	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.

Pivotal Investment III Total Assets Related Terms

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Pivotal Investment III (Pivotal Investment III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pivotal Investment Corp III (OTCPK:PICC.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Graubard Miller, 405 Lexington Avenue, The Chrysler Building, New York, NY, USA, 10174

Website

https://www.pivotalic.com

Pivotal Investment Corp III is a blank check company.

Executives

Jonathan J Ledecky	director, 10 percent owner	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Kevin Griffin	director, 10 percent owner, officer: Chief Executive Officer	C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Pivotal Investment Holdings Iii Llc	10 percent owner	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE, NEW YORK NY 10174
Kristen Dumont	director	C/O KHOSLA VENTURES ACQUISITION CO. IV, 2128 SAND HILL RD, MENLO PARK CA 94025
Katherine Oliver	director	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
James Hr Brady	officer: Chief Financial Officer	1850 CENTENNIAL PARK DRIVE, SUITE 200, RESTON VA 20191
Katrina Adams	director	C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Sarah Sclarsic	director	C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Greg Racz	officer: Chief Operating Officer	C/O OCTAVIAN GLOBAL PARTNERS, LLC, 650 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022

Pivotal Investment III (Pivotal Investment III) Headlines

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