Surf Air Mobility (Surf Air Mobility) Total Assets : $108.79 Mil (As of Mar. 2024)

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What is Surf Air Mobility Total Assets?

Surf Air Mobility's Total Assets for the quarter that ended in Mar. 2024 was $108.79 Mil.

During the past 12 months, Surf Air Mobility's average Total Assets Growth Rate was -55.80% per year. During the past 3 years, the average Total Assets Growth Rate was 193.80% per year.

During the past 4 years, Surf Air Mobility's highest 3-Year average Total Assets Growth Rate was 193.80%. The lowest was 193.80%. And the median was 193.80%.

Total Assets is connected with ROA %. Surf Air Mobility's annualized ROA % for the quarter that ended in Mar. 2024 was -134.56%. Total Assets is also linked to Revenue through Asset Turnover. Surf Air Mobility's Asset Turnover for the quarter that ended in Mar. 2024 was 0.28.

Surf Air Mobility Total Assets Historical Data

The historical data trend for Surf Air Mobility'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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Surf Air Mobility Total Assets Chart

Surf Air Mobility Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

11.71

7.56

13.70

110.99

Surf Air Mobility Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							337.15	14.78	185.47	110.99	108.79

Surf Air Mobility 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.

Surf Air Mobility'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 )
	=	-77.485	+	188.474
	=	110.99

Surf Air Mobility'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 )
	=	-106.301	+	215.087
	=	108.79

Surf Air Mobility (NYSE:SRFM) Total Assets Explanation

Total Assets is connected with ROA %.

Surf Air Mobility'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 )
	=	-147.86	/	( (110.989	+	108.786)	/ 2 )
	=	-147.86	/	109.8875
	=	-134.56 %

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.

Surf Air Mobility'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 )
=	30.624	/	( (110.989	+	108.786)	/ 2 )
=	30.624	/	109.8875
=	0.28

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.

Surf Air Mobility Total Assets Related Terms

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Surf Air Mobility (Surf Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Surf Air Mobility Inc (NYSE:SRFM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250

Website

https://www.surfair.com

Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.

Executives

Edward A. Mady	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack	director	6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino	director	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter	director	C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White	officer: Chief Financial Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little	director, officer: Chief Executive Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250