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ROSS.U (Ross Acquisition II) Total Assets : $54.34 Mil (As of Sep. 2023)


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What is Ross Acquisition II Total Assets?

Ross Acquisition II's Total Assets for the quarter that ended in Sep. 2023 was $54.34 Mil.

During the past 12 months, Ross Acquisition II's average Total Assets Growth Rate was -84.40% per year.

Total Assets is connected with ROA %. Ross Acquisition II's annualized ROA % for the quarter that ended in Sep. 2023 was 13.52%. Total Assets is also linked to Revenue through Asset Turnover. Ross Acquisition II's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Ross Acquisition II Total Assets Historical Data

The historical data trend for Ross Acquisition II'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.

Ross Acquisition II Total Assets Chart

Ross Acquisition II Annual Data
Trend Dec21 Dec22
Total Assets
346.22 350.40

Ross Acquisition II Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 347.75 350.40 66.42 67.73 54.34

Ross Acquisition II 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.

Ross Acquisition II'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 )
=331.911+18.494
=350.41

Ross Acquisition II'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 )
=38.805+15.538
=54.34

* 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.

Ross Acquisition II  (NYSE:ROSS.U) Total Assets Explanation

Total Assets is connected with ROA %.

Ross Acquisition II'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 )
=8.252/( (67.729+54.343)/ 2 )
=8.252/61.036
=13.52 %

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.

Ross Acquisition II'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/( (67.729+54.343)/ 2 )
=0/61.036
=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.

Ross Acquisition II Total Assets Related Terms

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Ross Acquisition II Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ross Acquisition Corp II (NYSE:ROSS.U) » Definitions » Total Assets
Comparable Companies
NSTD ESHA KRNL WNNR IRAA NSTC MBAC TLGY PACI LHC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1 Pelican Lane, Palm Beach, FL, USA, 33480
Website
https://www.rossacquisition2.com
Ross Acquisition Corp II is a blank check company.
Executives
Edward A Snyder director CAREER EDUCATION CORPORATION, 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Nadim Z Qureshi director, 10 percent owner, officer: Head of M&A 575 MARYVILLE CENTRE DRIVE, ST. LOUIS MO 63141
Ross Wilbur L Jr director, 10 percent owner, officer: Chief Executive Officer 328 EL VEDADO ROAD, PALM BEACH FL 33480
Lawrence A. Kudlow director 26 E. 93RD STREET, APARTMENT 9C, NEW YORK NY 10128
Stephen J. Toy director, 10 percent owner, officer: Chief Financial Officer 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Astor William Waldorf Iii director 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Ross Holding Co Llc director, 10 percent owner, officer: See Exhibit 99.1 2 PELICAN LANE, PALM BEACH FL 33480