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Accretion Acquisition (Accretion Acquisition) Total Assets : $55.92 Mil (As of Sep. 2023)


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What is Accretion Acquisition Total Assets?

Accretion Acquisition's Total Assets for the quarter that ended in Sep. 2023 was $55.92 Mil.

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

Total Assets is connected with ROA %. Accretion Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 was 1.18%. Total Assets is also linked to Revenue through Asset Turnover. Accretion Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Accretion Acquisition Total Assets Historical Data

The historical data trend for Accretion 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.

Accretion Acquisition Total Assets Chart

Accretion Acquisition Annual Data
Trend Dec21 Dec22
Total Assets
210.29 212.44

Accretion Acquisition Quarterly Data
Mar21 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 210.88 212.44 214.46 55.32 55.92

Accretion 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.

Accretion 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 )
=203.85+8.587
=212.44

Accretion Acquisition'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 )
=45.282+10.641
=55.92

* 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.

Accretion Acquisition  (NAS:ENER) Total Assets Explanation

Total Assets is connected with ROA %.

Accretion Acquisition'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 )
=0.656/( (55.324+55.923)/ 2 )
=0.656/55.6235
=1.18 %

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.

Accretion Acquisition'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/( (55.324+55.923)/ 2 )
=0/55.6235
=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.

Accretion Acquisition Total Assets Related Terms

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Accretion Acquisition (Accretion Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Accretion Acquisition Corp (NAS:ENER) » Definitions » Total Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
240 Saint Paul, Suite 502, Denver, CO, USA, 80206
Website
https://www.accretionacquisition.com
Accretion Acquisition Corp is a blank check company.
Executives
Christopher A Wright director 106 ALTA VISTA AVENUE, MILL VALLEY CA 94941
Cary D. Steinbeck director 950 17TH STREET, SUITE 2000, DENVER CO 80202
Daniel Silverman director, officer: COO and Director 3355 WEST ALABAMA, HOUSTON TX 77098
Charles Gwirtsman director C/O GLOBAL EMPLOYMENT HOLDINGS, INC., 10375 PARK MEADOWS DR., SUITE 375, LONE TREE CO 80124
Daniel Posner director 120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
Accretion Acquisition Sponsor, Llc 10 percent owner 410 17TH STREET #1110, DENVER CO 80202
Douglas C. Sandridge officer: Vice President 240 SAINT PAUL STREET, SUITE 505, DENVER CO 80206
Hess Conor officer: Vice President 410 17TH STREET #1110, DENVER CO 80202
Michael Grant Farn officer: CFO 410 17TH STREET #1110, DENVER CO 80202
Brad Morse director, officer: CEO and Director 410 17TH STREET #1110, DENVER CO 80202
Ryan Stuart Sullivan officer: SVP and Secretary 410 17TH STREET #110, DENVER CO 80202
Ron Maor director 410 17TH STREET #1100, DENVER CO 80202