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Trine II Acquisition (Trine II Acquisition) Total Assets : $429.49 Mil (As of Dec. 2022)


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What is Trine II Acquisition Total Assets?

Trine II Acquisition's Total Assets for the quarter that ended in Dec. 2022 was $429.49 Mil.

Total Assets is connected with ROA %. Trine II Acquisition's annualized ROA % for the quarter that ended in Dec. 2022 was 4.12%. Total Assets is also linked to Revenue through Asset Turnover. Trine II Acquisition's Asset Turnover for the quarter that ended in Dec. 2022 was 0.00.

Trine II Acquisition Total Assets Historical Data

The historical data trend for Trine II 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.

* Premium members only.

Trine II Acquisition Total Assets Chart

Trine II Acquisition Annual Data
Trend Dec21 Dec22
Total Assets
425.26 429.49

Trine II Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Total Assets Get a 7-Day Free Trial 425.26 424.60 424.69 426.34 429.49

Trine II 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.

Trine II Acquisition'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 )
=411.509+17.982
=429.49

Trine II Acquisition's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (Q: Dec. 2022 )+Total Liabilities (Q: Dec. 2022 )
=411.509+17.982
=429.49

* 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.

Trine II Acquisition  (NYSE:TRAQ) Total Assets Explanation

Total Assets is connected with ROA %.

Trine II Acquisition's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %=Net Income (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=17.624/( (426.34+429.491)/ 2 )
=17.624/427.9155
=4.12 %

Note: The Net Income data used here is four times the quarterly (Dec. 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.

Trine II Acquisition's Asset Turnover for the quarter that ended in Dec. 2022 is

Asset Turnover
=Revenue (Q: Dec. 2022 )/( (Total Assets (Q: Sep. 2022 )+Total Assets (Q: Dec. 2022 ))/ count )
=0/( (426.34+429.491)/ 2 )
=0/427.9155
=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.

Trine II Acquisition Total Assets Related Terms

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Trine II Acquisition (Trine II Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine II Acquisition Corp (NYSE:TRAQ) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
228 Park Avenue South, Suite 63482, New York, NY, USA, 10003
Website
https://www.trineacquisitioncorp.com
Trine II Acquisition Corp is a blank check company.
Executives
Brian Deevy director C/O TICKETMASTER, 8800 WEST SUNSET BLVD., WEST HOLLYWOOD CA 90069
Hindery Leo J. Jr. director, 10 percent owner C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Josephine Linden director 6601 SOUTH BERMUDA ROAD, LAS VEGAS NV 89119
Mark J Coleman officer: EVP and General Counsel 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Pierre M. Henry director, 10 percent owner, officer: Chief Executive Officer 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Ric Fulop director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
James Moran director 4538 S. 140TH ST., OMAHA NE 68137
Robin Trine Ii Llc 10 percent owner 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Acanthis Master, Llc 10 percent owner 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Jamie R Seltzer director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Jason Kay director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
David Dodson director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Richard Adam Miller officer: EVP and CFO 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174