Tuscan Holdings II (Tuscan Holdings II) Total Assets : $27.44 Mil (As of Sep. 2022)

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What is Tuscan Holdings II Total Assets?

Tuscan Holdings II's Total Assets for the quarter that ended in Sep. 2022 was $27.44 Mil.

Total Assets is connected with ROA %. Tuscan Holdings II's annualized ROA % for the quarter that ended in Sep. 2022 was -1.34%. Total Assets is also linked to Revenue through Asset Turnover. Tuscan Holdings II's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

Tuscan Holdings II Total Assets Historical Data

The historical data trend for Tuscan Holdings 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.

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Tuscan Holdings II Total Assets Chart

Tuscan Holdings II Annual Data

Trend

Dec19

Dec20

Dec21

Total Assets

174.37

175.12

127.69

Tuscan Holdings II Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial										149.99	127.69	95.43	27.43	27.44

Tuscan Holdings 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.

Tuscan Holdings II's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	92.245	+	35.447
	=	127.69

Tuscan Holdings II's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	23.795	+	3.645
	=	27.44

Tuscan Holdings II (OTCPK:THCA) Total Assets Explanation

Total Assets is connected with ROA %.

Tuscan Holdings II's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	-0.368	/	( (27.425	+	27.44)	/ 2 )
	=	-0.368	/	27.4325
	=	-1.34 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) 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.

Tuscan Holdings II's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	0	/	( (27.425	+	27.44)	/ 2 )
=	0	/	27.4325
=	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.

Tuscan Holdings II Total Assets Related Terms

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Tuscan Holdings II (Tuscan Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tuscan Holdings Corp II (OTCPK:THCA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 E. 57th Street, 17th Floor, New York, NY, USA, 10022

Website

Tuscan Holdings Corp II is a blank check company.

Executives

Michael Auerbach	director	158 HESTER STREET, APT 7F, NEW YORK NY 10013
Stephen A Vogel	director, 10 percent owner, officer: Chief Executive Officer	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Richard O. Rieger	officer: Chief Financial Officer	C/O TUSCAN HOLDINGS CORP., 135 E. 57TH ST., 18TH FLOOR, NEW YORK NY 10022
David H Dickstein	director	C/O TUSCAN HOLDINGS CORP. II, 135 E 57TH ST 17TH FL, NEW YORK NY 10022