Western Acquisition Ventures (Western Acquisition Ventures) Total Assets : $3.41 Mil (As of Dec. 2023)

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What is Western Acquisition Ventures Total Assets?

Western Acquisition Ventures's Total Assets for the quarter that ended in Dec. 2023 was $3.41 Mil.

During the past 12 months, Western Acquisition Ventures's average Total Assets Growth Rate was -97.10% per year.

Total Assets is connected with ROA %. Western Acquisition Ventures's annualized ROA % for the quarter that ended in Dec. 2023 was -31.33%. Total Assets is also linked to Revenue through Asset Turnover. Western Acquisition Ventures's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Western Acquisition Ventures Total Assets Historical Data

The historical data trend for Western Acquisition Ventures'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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Western Acquisition Ventures Total Assets Chart

Western Acquisition Ventures Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.33

118.29

3.41

Western Acquisition Ventures Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial						118.29	8.63	8.55	3.66	3.41

Western Acquisition Ventures 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.

Western Acquisition Ventures'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 )
	=	0.106	+	3.306
	=	3.41

Western Acquisition Ventures's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	0.106	+	3.306
	=	3.41

Western Acquisition Ventures (NAS:WAVS) Total Assets Explanation

Total Assets is connected with ROA %.

Western Acquisition Ventures's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.108	/	( (3.66	+	3.412)	/ 2 )
	=	-1.108	/	3.536
	=	-31.33 %

Note: The Net Income data used here is four times the quarterly (Dec. 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.

Western Acquisition Ventures's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (3.66	+	3.412)	/ 2 )
=	0	/	3.536
=	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.

Western Acquisition Ventures Total Assets Related Terms

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Western Acquisition Ventures (Western Acquisition Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Western Acquisition Ventures Corp (NAS:WAVS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Broadway, 12th Floor, New York, NY, USA, 10004

Website

https://www.westernacquisitionventures.com

Western Acquisition Ventures Corp is a blank check company.

Executives

Robin L Smith	director	C/O PHASE III MEDICAL, INC., 330 SOUTH SERVICE ROAD, SUITE 120, MELVILLE NY 11747
Adam K Stern	director	STERN AEGIS VENTURES, 810 7TH AVENUE 22ND FLOOR, NEW YORK NY 10019
Stephen Christoffersen	director, officer: Chief Executive Officer	6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
A.g.p. / Alliance Global Partners Corp.	other: Underwriter	88 POST ROAD WEST, 2ND FLOOR, WESTPORT CT 06880
William F Lischak	director, 10 percent owner, other: Chief Financial Officer	8800 SUNSET BLVD, 3RD FL, LOS ANGELES CA 90069
Western Acquisition Ventures Sponsor Llc	10 percent owner	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004
Ali Jahangiri	director	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004
Ade Okunubi	director	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004

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