Corner Growth Acquisition 2 (Corner Growth Acquisition 2) Total Assets : $5.34 Mil (As of Mar. 2024)

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What is Corner Growth Acquisition 2 Total Assets?

Corner Growth Acquisition 2's Total Assets for the quarter that ended in Mar. 2024 was $5.34 Mil.

During the past 12 months, Corner Growth Acquisition 2's average Total Assets Growth Rate was -73.40% per year.

Total Assets is connected with ROA %. Corner Growth Acquisition 2's annualized ROA % for the quarter that ended in Mar. 2024 was -10.47%. Total Assets is also linked to Revenue through Asset Turnover. Corner Growth Acquisition 2's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Corner Growth Acquisition 2 Total Assets Historical Data

The historical data trend for Corner Growth Acquisition 2'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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Corner Growth Acquisition 2 Total Assets Chart

Corner Growth Acquisition 2 Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

187.13

76.50

21.24

Corner Growth Acquisition 2 Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								20.06	20.59	20.88	21.24	5.34

Corner Growth Acquisition 2 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.

Corner Growth Acquisition 2's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	10.362	+	10.88
	=	21.24

Corner Growth Acquisition 2's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-6.166	+	11.505
	=	5.34

Corner Growth Acquisition 2 (NAS:TRONU) Total Assets Explanation

Total Assets is connected with ROA %.

Corner Growth Acquisition 2's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1.392	/	( (21.242	+	5.339)	/ 2 )
	=	-1.392	/	13.2905
	=	-10.47 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Corner Growth Acquisition 2's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (21.242	+	5.339)	/ 2 )
=	0	/	13.2905
=	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.

Corner Growth Acquisition 2 Total Assets Related Terms

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