RCLFU (Rosecliff Acquisition I) Total Assets : $5.30 Mil (As of Jun. 2023)

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What is Rosecliff Acquisition I Total Assets?

Rosecliff Acquisition I's Total Assets for the quarter that ended in Jun. 2023 was $5.30 Mil.

During the past 12 months, Rosecliff Acquisition I's average Total Assets Growth Rate was -98.10% per year.

Total Assets is connected with ROA %. Rosecliff Acquisition I's annualized ROA % for the quarter that ended in Jun. 2023 was -77.11%. Total Assets is also linked to Revenue through Asset Turnover. Rosecliff Acquisition I's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Rosecliff Acquisition I Total Assets Historical Data

The historical data trend for Rosecliff 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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Rosecliff Acquisition I Total Assets Chart

Rosecliff Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.17

254.11

5.57

Rosecliff Acquisition I Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial					253.88	254.86	5.57	5.41	5.30

Rosecliff 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.

Rosecliff 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 )
	=	-7.308	+	12.873
	=	5.57

Rosecliff 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 )
	=	-9.624	+	14.928
	=	5.30

Rosecliff Acquisition I (NAS:RCLFU) Total Assets Explanation

Total Assets is connected with ROA %.

Rosecliff 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 )
	=	-4.132	/	( (5.413	+	5.304)	/ 2 )
	=	-4.132	/	5.3585
	=	-77.11 %

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.

Rosecliff 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	/	( (5.413	+	5.304)	/ 2 )
=	0	/	5.3585
=	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.

Rosecliff Acquisition I Total Assets Related Terms

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Rosecliff Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rosecliff Acquisition Corp I (NAS:RCLFU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 5th Avenue, 34th Floor, New York, NY, USA, 10153

Website

https://www.rosecliffspac.com

Rosecliff Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Brian J Radecki	director	C/O COSTAR GROUP, INC., 1331 L STREET, NW, WASHINGTON DC 20005
Jordan Zimmerman	director, officer: President	2200 W. COMMERCIAL BLVD., 3RD FLOOR, FORT LAUDERDALE FL 33309
Kieran Goodwin	director, officer: Chief Financial Officer	925 PARK AVENUE 11B, NEW YORK NY 10028
Rosecliff Acquisition Sponsor I Llc	director, 10 percent owner, officer: Chief Executive Officer	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Edmonds Franklin S. Jr.	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Heather Bellini	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Michael Patrick Murphy	10 percent owner	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153