PRIUF (Prime Impact Acquisition I) Total Assets : $49.60 Mil (As of Jun. 2023)

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What is Prime Impact Acquisition I Total Assets?

Prime Impact Acquisition I's Total Assets for the quarter that ended in Jun. 2023 was $49.60 Mil.

During the past 12 months, Prime Impact Acquisition I's average Total Assets Growth Rate was -84.80% per year.

Total Assets is connected with ROA %. Prime Impact Acquisition I's annualized ROA % for the quarter that ended in Jun. 2023 was 0.15%. Total Assets is also linked to Revenue through Asset Turnover. Prime Impact Acquisition I's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Prime Impact Acquisition I Total Assets Historical Data

The historical data trend for Prime Impact Acquisition I'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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Prime Impact Acquisition I Total Assets Chart

Prime Impact Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

326.11

324.99

69.92

Prime Impact Acquisition I Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial							325.18	69.68	69.92	49.01	49.60

Prime Impact Acquisition I 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.

Prime Impact Acquisition I'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 )
	=	66.116	+	3.806
	=	69.92

Prime Impact Acquisition I'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 )
	=	42.368	+	7.233
	=	49.60

Prime Impact Acquisition I (OTCPK:PRIUF) Total Assets Explanation

Total Assets is connected with ROA %.

Prime Impact Acquisition I'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 )
	=	0.072	/	( (49.011	+	49.6)	/ 2 )
	=	0.072	/	49.3055
	=	0.15 %

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.

Prime Impact Acquisition I'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	/	( (49.011	+	49.6)	/ 2 )
=	0	/	49.3055
=	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.

Prime Impact Acquisition I Total Assets Related Terms

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Prime Impact Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Prime Impact Acquisition I (OTCPK:PRIUF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 East San Carlos Street, Suite 12, San Jose, CA, USA, 95112

Website

https://www.primeimpactcapital.com

Prime Impact Acquisition I is a blank check company.

Executives

Frank Brosens	10 percent owner	C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp	10 percent owner	55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Taconic Capital Advisors Lp	10 percent owner	280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors (hong Kong) Ltd	10 percent owner	UNIT 1601, 16TH FLOOR, RUTTENJEE HOUSE, RUTTENJEE CTR, 11 DUDDELL STREET, HONG KONG K3 00000
Michael D Cordano	officer: Co-Chief Executive Officer	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Mark P Long	director, officer: Co-Chief Exec. Officer and CFO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Cathleen A Benko	director	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Dixon Doll	director	2420 SAND HILL RD, STE 200, MENLO PARK CA 94025
Keyur A Patel	director
Joanna A Strober	director	C/O SYMPHONY TECHNOLOGY GROUP, 4015 MIRANDA AVENUE, SECOND FLOOR, PALO ALTO CA 94304
Prime Impact Cayman, Llc	10 percent owner	360 S MARKET STREET, #2202, SAN JOSE CA 95113
Roger Crockett	director	123 E. SAN CARLOS STREET, SUITE 12, SAN JOSE CA 95113