Southport Acquisition (Southport Acquisition) Total Assets : $13.22 Mil (As of Mar. 2024)

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What is Southport Acquisition Total Assets?

Southport Acquisition's Total Assets for the quarter that ended in Mar. 2024 was $13.22 Mil.

During the past 12 months, Southport Acquisition's average Total Assets Growth Rate was -94.70% per year.

Total Assets is connected with ROA %. Southport Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 was 3.49%. Total Assets is also linked to Revenue through Asset Turnover. Southport Acquisition's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Southport Acquisition Total Assets Historical Data

The historical data trend for Southport 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.

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Southport Acquisition Total Assets Chart

Southport Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

236.64

238.26

46.88

Southport Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							240.63	243.38	46.48	46.88	13.22

Southport 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.

Southport Acquisition'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 )
	=	41.321	+	5.561
	=	46.88

Southport Acquisition'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 )
	=	9.556	+	3.664
	=	13.22

Southport Acquisition (OTCPK:PORT) Total Assets Explanation

Total Assets is connected with ROA %.

Southport Acquisition'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 )
	=	1.048	/	( (46.881	+	13.22)	/ 2 )
	=	1.048	/	30.0505
	=	3.49 %

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.

Southport Acquisition'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	/	( (46.881	+	13.22)	/ 2 )
=	0	/	30.0505
=	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.

Southport Acquisition Total Assets Related Terms

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Southport Acquisition (Southport Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Southport Acquisition Corp (OTCPK:PORT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1745 Grand Avenue, Del Mar, CA, USA, 92014

Website

Southport Acquisition Corp is a blank check company.

Executives

Jennifer Nuckles	director	234 1ST ST, SAN FRANCISCO CA 94105
Matthew Royce Hansen	director	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Sigmund Anderman	director	ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Jeb S. Spencer	director, 10 percent owner, officer: Chief Executive Officer	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Gates Cathleen Schreiner	director	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Jared Walker Stone	director, 10 percent owner	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Southport Acquisition Sponsor Llc	10 percent owner	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
David Mark Winfield	director	C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014

Southport Acquisition (Southport Acquisition) Headlines

From GuruFocus

Southport Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing January 31, 2022

By Business Wire Business Wire • 01-28-2022