Spartan Energy Acquisition (Spartan Energy Acquisition) Total Assets : $569.25 Mil (As of Sep. 2020)

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What is Spartan Energy Acquisition Total Assets?

Spartan Energy Acquisition's Total Assets for the quarter that ended in Sep. 2020 was $569.25 Mil.

During the past 12 months, Spartan Energy Acquisition's average Total Assets Growth Rate was 1.00% per year.

Total Assets is connected with ROA %. Spartan Energy Acquisition's annualized ROA % for the quarter that ended in Sep. 2020 was -2.28%. Total Assets is also linked to Revenue through Asset Turnover. Spartan Energy Acquisition's Asset Turnover for the quarter that ended in Sep. 2020 was 0.00.

Spartan Energy Acquisition Total Assets Historical Data

The historical data trend for Spartan Energy Acquisition'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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Spartan Energy Acquisition Total Assets Chart

Spartan Energy Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Total Assets

0.26

557.48

565.98

Spartan Energy Acquisition Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Assets	Get a 7-Day Free Trial							564.03	565.98	570.00	569.99	569.25

Spartan Energy Acquisition 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.

Spartan Energy Acquisition's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	546.339	+	19.636
	=	565.98

Spartan Energy Acquisition's Total Assets for the quarter that ended in Sep. 2020 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2020 )	+	Total Liabilities (Q: Sep. 2020 )
	=	545.556	+	23.69
	=	569.25

Spartan Energy Acquisition (NYSE:SPAQ.U) Total Assets Explanation

Total Assets is connected with ROA %.

Spartan Energy Acquisition's annualized ROA % for the quarter that ended in Sep. 2020 is

ROA %	=	Net Income (Q: Sep. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Sep. 2020 ))	/ count )
	=	-13.004	/	( (569.988	+	569.245)	/ 2 )
	=	-13.004	/	569.6165
	=	-2.28 %

Note: The Net Income data used here is four times the quarterly (Sep. 2020) 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.

Spartan Energy Acquisition's Asset Turnover for the quarter that ended in Sep. 2020 is

	Asset Turnover
=	Revenue (Q: Sep. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Sep. 2020 ))	/ count )
=	0	/	( (569.988	+	569.245)	/ 2 )
=	0	/	569.6165
=	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.

Spartan Energy Acquisition Total Assets Related Terms

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Spartan Energy Acquisition (Spartan Energy Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Spartan Energy Acquisition Corp (NYSE:SPAQ.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, 43rd Floor, New York, NY, USA, 10019

Website

http://www.spartanenergyspac.com

Spartan Energy Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Executives

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
John J Macwilliams	director	P O BOX 22027, TULSA OK 74121
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Holdings, L.p.	10 percent owner	9 W. 57TH STREET, NEW YORK NY 10019
Apollo Commodities Management, L.p.	10 percent owner	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Gregory A Beard	10 percent owner	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Geoffrey Strong	10 percent owner	C/O APOLLO MANAGEMENT, 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Natural Resources Partners Ii, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Spartan Energy Acquisition Sponsor Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Jan C. Wilson	director	18 A HAZELTON AVE., SUITE 606, TORONTO A6 M5R 2E2
J Michael Stice	director	525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Robert C Reeves	director	1001 LOUISIANA STREET, HOUSTON TX 77002
James Crossen	officer: CFO and CAO	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019