Adit Edtech Acquisition (Adit Edtech Acquisition) Total Assets : $21.88 Mil (As of Sep. 2023)

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What is Adit Edtech Acquisition Total Assets?

Adit Edtech Acquisition's Total Assets for the quarter that ended in Sep. 2023 was $21.88 Mil.

During the past 12 months, Adit Edtech Acquisition's average Total Assets Growth Rate was -92.20% per year.

Total Assets is connected with ROA %. Adit Edtech Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 was -4.06%. Total Assets is also linked to Revenue through Asset Turnover. Adit Edtech Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Adit Edtech Acquisition Total Assets Historical Data

The historical data trend for Adit Edtech 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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Adit Edtech Acquisition Total Assets Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.51

276.86

27.21

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial							277.81	27.21	26.77	26.44	21.88

Adit Edtech 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.

Adit Edtech 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 )
	=	12.849	+	14.356
	=	27.21

Adit Edtech 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 )
	=	6	+	15.88
	=	21.88

Adit Edtech Acquisition (AMEX:ADEX.U) Total Assets Explanation

Total Assets is connected with ROA %.

Adit Edtech 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 )
	=	-0.98	/	( (26.442	+	21.88)	/ 2 )
	=	-0.98	/	24.161
	=	-4.06 %

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.

Adit Edtech 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	/	( (26.442	+	21.88)	/ 2 )
=	0	/	24.161
=	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.

Adit Edtech Acquisition Total Assets Related Terms

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Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462