Gores Holdings IX (Gores Holdings IX) Total Assets : $65.70 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Gores Holdings IX Total Assets?

Gores Holdings IX's Total Assets for the quarter that ended in Mar. 2024 was $65.70 Mil.

During the past 12 months, Gores Holdings IX's average Total Assets Growth Rate was -87.90% per year.

Total Assets is connected with ROA %. Gores Holdings IX's annualized ROA % for the quarter that ended in Mar. 2024 was -6.74%. Total Assets is also linked to Revenue through Asset Turnover. Gores Holdings IX's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Gores Holdings IX Total Assets Historical Data

The historical data trend for Gores Holdings IX'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.

Gores Holdings IX Total Assets Chart

Gores Holdings IX Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.49

533.26

557.41

Gores Holdings IX Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial						538.27	543.70	550.46	557.41	65.70

Gores Holdings IX 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.

Gores Holdings IX'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 )
	=	531.769	+	25.641
	=	557.41

Gores Holdings IX'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 )
	=	34.154	+	31.549
	=	65.70

Gores Holdings IX (NAS:GHIX) Total Assets Explanation

Total Assets is connected with ROA %.

Gores Holdings IX'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 )
	=	-20.988	/	( (557.409	+	65.704)	/ 2 )
	=	-20.988	/	311.5565
	=	-6.74 %

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.

Gores Holdings IX'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	/	( (557.409	+	65.704)	/ 2 )
=	0	/	311.5565
=	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.

Gores Holdings IX Total Assets Related Terms

Thank you for viewing the detailed overview of Gores Holdings IX's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Gores Holdings IX (Gores Holdings IX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Gores Holdings IX Inc (NAS:GHIX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6260 Lookout Road, Boulder, CO, USA, 80301

Website

https://www.gores.com

Gores Holdings IX Inc 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 with one or more businesses.

Executives

Alec E Gores	director, 10 percent owner	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mark Stone	officer: Chief Executive Officer	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Aeg Holdings, Llc	director, 10 percent owner	6260 LOOKOUT RD., BOULDER CO 80301
Andrew Mcbride	officer: See Remarks	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Randy Bort	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Keith Covington	director	500 WEST ILLINOIS, MIDLAND TX 79701
Elizabeth Marcellino	director	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212
Gores Sponsor Ix Llc	director, 10 percent owner	6260 LOOKOUT ROAD, BOULDER CO 80301

Gores Holdings IX (Gores Holdings IX) Headlines

From GuruFocus

Gores Holdings IX, Inc. Announces Pricing of $525 Million Initial Public Offering

By Business Wire Business Wire • 01-12-2022

Gores Holdings IX, Inc. Completes $525 Million Initial Public Offering

By Business Wire Business Wire • 01-14-2022

Gores Holdings IX, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing March 4, 2022

By Business Wire Business Wire • 03-01-2022