8i Acquisition 2 (8i Acquisition 2) Total Assets : $86.78 Mil (As of Jul. 2022)

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What is 8i Acquisition 2 Total Assets?

8i Acquisition 2's Total Assets for the quarter that ended in Jul. 2022 was $86.78 Mil.

Total Assets is connected with ROA %. 8i Acquisition 2's annualized ROA % for the quarter that ended in Jul. 2022 was -4.69%. Total Assets is also linked to Revenue through Asset Turnover. 8i Acquisition 2's Asset Turnover for the quarter that ended in Jul. 2022 was 0.00.

8i Acquisition 2 Total Assets Historical Data

The historical data trend for 8i Acquisition 2'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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8i Acquisition 2 Total Assets Chart

8i Acquisition 2 Annual Data

Trend

Jul21

Jul22

Total Assets

0.43

86.78

8i Acquisition 2 Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Total Assets	Get a 7-Day Free Trial			0.43	0.49	86.98	86.94	86.78

8i Acquisition 2 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.

8i Acquisition 2's Total Assets for the fiscal year that ended in Jul. 2022 is calculated as

Total Assets	=	Total Equity (A: Jul. 2022 )	+	Total Liabilities (A: Jul. 2022 )
	=	82.046	+	4.73
	=	86.78

8i Acquisition 2's Total Assets for the quarter that ended in Jul. 2022 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2022 )	+	Total Liabilities (Q: Jul. 2022 )
	=	82.046	+	4.73
	=	86.78

8i Acquisition 2 (NAS:LAX) Total Assets Explanation

Total Assets is connected with ROA %.

8i Acquisition 2's annualized ROA % for the quarter that ended in Jul. 2022 is

ROA %	=	Net Income (Q: Jul. 2022 )	/	( (Total Assets (Q: Apr. 2022 )	+	Total Assets (Q: Jul. 2022 ))	/ count )
	=	-4.076	/	( (86.944	+	86.776)	/ 2 )
	=	-4.076	/	86.86
	=	-4.69 %

Note: The Net Income data used here is four times the quarterly (Jul. 2022) 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.

8i Acquisition 2's Asset Turnover for the quarter that ended in Jul. 2022 is

	Asset Turnover
=	Revenue (Q: Jul. 2022 )	/	( (Total Assets (Q: Apr. 2022 )	+	Total Assets (Q: Jul. 2022 ))	/ count )
=	0	/	( (86.944	+	86.776)	/ 2 )
=	0	/	86.86
=	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.

8i Acquisition 2 Total Assets Related Terms

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8i Acquisition 2 (8i Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 8i Acquisition 2 Corp (NAS:LAX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o 6 Eu Tong Sen Street, No. 08-13, Singapore, SGP, 059817

Website

8i Acquisition 2 Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Chen Wei Wen Kelvin	director, officer: CHIEF EXECUTIVE OFFICER	C/O 1 PEMIMPIN DRIVE #12-07,, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Alfred Lim	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Kim Hing Chan	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
David Francis Capes	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Daniel Tan	officer: CHIEF TECHNOLOGY OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Steven John Sobak	officer: CHIEF FINANCIAL OFFICER	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPIN SINGAPORE, SINGAPORE U0 576151
Lim Thien Su Gerald	director	C/O 1 PEMIMPIN DRIVE #12-07, ONE PEMIMPI, SINGAPORE U0 576151
Alexander K. Arrow	director	PO BOX 3094, REDWOOD CITY CA 94064
Tan Meng Dong (james)	director, 10 percent owner, officer: Chief Executive Officer	UNIT 2003 KINGKEY 100, TOWER B, 5015 SHENNAN EAST ROAD, LUOHU DISTRICT, SHENZHEN/GUANGDONG F4 518000
Kwong Yeow Liew	director	RM 2313-2315, BLOCK B, ZHONGSHEN GARDEN, SHENZHEN F4 518101
Yap Guan Hong William	director, officer: Chief Financial Officer	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
Ajay Rajpal	director	6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817
8i Holdings 2 Pte Ltd	10 percent owner	C/O 6 EU TONG SEN STREET, #08-13 THE CENTRAL, SINGAPORE U0 059817