ACBAU (Ace Global Business Acquisition) Total Assets : $23.40 Mil (As of Dec. 2023)

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What is Ace Global Business Acquisition Total Assets?

Ace Global Business Acquisition's Total Assets for the quarter that ended in Dec. 2023 was $23.40 Mil.

During the past 12 months, Ace Global Business Acquisition's average Total Assets Growth Rate was -52.40% per year. During the past 3 years, the average Total Assets Growth Rate was 703.30% per year.

During the past 4 years, Ace Global Business Acquisition's highest 3-Year average Total Assets Growth Rate was 703.30%. The lowest was 703.30%. And the median was 703.30%.

Total Assets is connected with ROA %. Ace Global Business Acquisition's annualized ROA % for the quarter that ended in Dec. 2023 was -0.41%. Total Assets is also linked to Revenue through Asset Turnover. Ace Global Business Acquisition's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Ace Global Business Acquisition Total Assets Historical Data

The historical data trend for Ace Global Business 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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Ace Global Business Acquisition Total Assets Chart

Ace Global Business Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.05

47.11

49.07

23.40

Ace Global Business Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial								49.07	25.98	26.33	22.95	23.40

Ace Global Business 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.

Ace Global Business Acquisition'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 )
	=	16.448	+	6.951
	=	23.40

Ace Global Business Acquisition'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 )
	=	16.448	+	6.951
	=	23.40

Ace Global Business Acquisition (NAS:ACBAU) Total Assets Explanation

Total Assets is connected with ROA %.

Ace Global Business Acquisition'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 )
	=	-0.096	/	( (22.946	+	23.399)	/ 2 )
	=	-0.096	/	23.1725
	=	-0.41 %

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.

Ace Global Business Acquisition'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	/	( (22.946	+	23.399)	/ 2 )
=	0	/	23.1725
=	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.

Ace Global Business Acquisition Total Assets Related Terms

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Ace Global Business Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ace Global Business Acquisition Ltd (NAS:ACBAU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower 2, Lippo Centre, No. 89, Room. 806, 8th Floor, Queensway, Admiralty, Hong Kong, HKG

Website

Ace Global Business Acquisition Ltd is a newly organized blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Yan Yannie Xu	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Tan Nicholas Xue-wei	officer: Chief Financial Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Leslie Chow	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Ace Global Investment Ltd	10 percent owner	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Robert Yeung Morris	director	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Eugene Tu Wong	director, officer: Chief Executive Officer	6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000