GigCapital5 (GigCapital5) Total Assets : $23.14 Mil (As of Sep. 2023)

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What is GigCapital5 Total Assets?

GigCapital5's Total Assets for the quarter that ended in Sep. 2023 was $23.14 Mil.

During the past 12 months, GigCapital5's average Total Assets Growth Rate was -44.20% per year.

Total Assets is connected with ROA %. GigCapital5's annualized ROA % for the quarter that ended in Sep. 2023 was -8.10%. Total Assets is also linked to Revenue through Asset Turnover. GigCapital5's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

GigCapital5 Total Assets Historical Data

The historical data trend for GigCapital5'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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GigCapital5 Total Assets Chart

GigCapital5 Annual Data

Trend

Dec21

Dec22

Total Assets

233.63

41.95

GigCapital5 Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial						41.72	41.95	32.30	32.55	23.14

GigCapital5 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.

GigCapital5'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 )
	=	28.527	+	13.418
	=	41.95

GigCapital5'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 )
	=	11.423	+	11.715
	=	23.14

GigCapital5 (NAS:GIA) Total Assets Explanation

Total Assets is connected with ROA %.

GigCapital5'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 )
	=	-2.256	/	( (32.551	+	23.139)	/ 2 )
	=	-2.256	/	27.845
	=	-8.10 %

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.

GigCapital5'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	/	( (32.551	+	23.139)	/ 2 )
=	0	/	27.845
=	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.

GigCapital5 Total Assets Related Terms

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GigCapital5 (GigCapital5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GigCapital5 Inc (NAS:GIA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1731 Embarcadero Road, Suite 200, Palo Alto, CA, USA, 94303

Website

https://www.gigcapitalglobal.com

GigCapital5 Inc is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Sharmila Makhija	director	1731 EMBARCADERO ROAD, SUITE 200, PALO ALTO CA 94303
Dorothy D Hayes	director	P.O. BOX 7850, ., MOUNTAIN VIEW CA 94039-7850
Neil Miotto	director, 10 percent owner	2146 HARKINS AVE, MENLO PARK CA 94025
Avi S Katz	director, 10 percent owner, officer: Executive Chairman	C/O GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
Walter Bradford Weightman	officer: Treasurer and CFO	C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD, SUITE 200, PALO ALTO CA 94303
Raluca Dinu	director, 10 percent owner, officer: President, CEO and Secretary	C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303
Raanan Horowitz	director	C/O GIGCAPITAL5, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
Gigacquisitions5, Llc	10 percent owner	1731 EMBARCADERO ROAD SUITE 200, PALO ALTO CA 94303