RMGUF (RMG Acquisition III) Total Assets : $7.02 Mil (As of Sep. 2023)

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What is RMG Acquisition III Total Assets?

RMG Acquisition III's Total Assets for the quarter that ended in Sep. 2023 was $7.02 Mil.

During the past 12 months, RMG Acquisition III's average Total Assets Growth Rate was -98.60% per year.

Total Assets is connected with ROA %. RMG Acquisition III's annualized ROA % for the quarter that ended in Sep. 2023 was -80.85%. Total Assets is also linked to Revenue through Asset Turnover. RMG Acquisition III's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

RMG Acquisition III Total Assets Historical Data

The historical data trend for RMG Acquisition 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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RMG Acquisition III Total Assets Chart

RMG Acquisition III Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.04

483.72

487.34

RMG Acquisition III Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial							486.17	487.34	10.82	10.27	7.02

RMG Acquisition 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.

RMG Acquisition 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 )
	=	467.977	+	19.365
	=	487.34

RMG Acquisition III'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 )
	=	-11.042	+	18.06
	=	7.02

RMG Acquisition III (OTCPK:RMGUF) Total Assets Explanation

Total Assets is connected with ROA %.

RMG Acquisition III'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 )
	=	-6.988	/	( (10.269	+	7.017)	/ 2 )
	=	-6.988	/	8.643
	=	-80.85 %

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.

RMG Acquisition III'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	/	( (10.269	+	7.017)	/ 2 )
=	0	/	8.643
=	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.

RMG Acquisition III Total Assets Related Terms

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RMG Acquisition III Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » RMG Acquisition Corp III (OTCPK:RMGUF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5775 Collins Avenue, Suite 403, 57 Ocean, Miami Beach, FL, USA, 33140

Website

https://www.rmgacquisition.com

RMG Acquisition Corp III 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

W Grant Gregory	director	C/O AMBAC FINANCIAL GROUP INC, 1 STATE STREET PLAZA, NEW YORK NY 10004
Philip Kassin	director, 10 percent owner, officer: President, COO	3 COLUMBUS CIRCLE, NEW YORK NY 10019
Catherine Rice	director	8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Robert S. Mancini	director, 10 percent owner, officer: Chief Executive Officer	C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
David James Carpenter	director, 10 percent owner	C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Mkc Investments Llc	director, 10 percent owner	C/O RMG ACQUISITION CORP., 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
W. Thaddeus Miller	director	717 TEXAS AVENUE, SUITE 1000, HOUSTON TX 77002
Craig W. Broderick	director	C/O RMG ACQUISITION CORP., SUITE 40C, 50 WEST STREET, NEW YORK NY 10006
Wesley Sima	officer: Chief Financial Officer	C/O RMG ACQUISITION CORP. II, 50 WEST STREET, SUITE 40C, NEW YORK NY 10006
Rmg Sponsor Iii, Llc	10 percent owner	50 WEST STREET, SUITE 40C, NEW YORK NY 10006