ACE Convergence Acquisition (ACE Convergence Acquisition) Scaled Net Operating Assets : -0.07 (As of Sep. 2022)

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What is ACE Convergence Acquisition Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ACE Convergence Acquisition's operating assets for the quarter that ended in Sep. 2022 was $40.31 Mil. ACE Convergence Acquisition's operating liabilities for the quarter that ended in Sep. 2022 was $45.95 Mil. ACE Convergence Acquisition's Total Assets for the quarter that ended in Jun. 2022 was $83.47 Mil. Therefore, ACE Convergence Acquisition's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2022 was -0.07.

ACE Convergence Acquisition Scaled Net Operating Assets Historical Data

The historical data trend for ACE Convergence Acquisition's Scaled Net Operating 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 Convergence Acquisition Scaled Net Operating Assets Chart

ACE Convergence Acquisition Annual Data

Trend

Dec20

Dec21

Scaled Net Operating Assets

0.85

0.88

ACE Convergence Acquisition Quarterly Data
	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Scaled Net Operating Assets	Get a 7-Day Free Trial					0.90	0.88	0.24	0.80	-0.07

Competitive Comparison of ACE Convergence Acquisition's Scaled Net Operating Assets

For the Shell Companies subindustry, ACE Convergence Acquisition's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ACE Convergence Acquisition's Scaled Net Operating Assets Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ACE Convergence Acquisition's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where ACE Convergence Acquisition's Scaled Net Operating Assets falls into.

ACE Convergence Acquisition Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ACE Convergence Acquisition's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2021 )
=	(Operating Assets (A: Dec. 2021 )	-	Operating Liabilities (A: Dec. 2021 ))	/	Total Assets (A: Dec. 2020 )
=	(230.272	-	27.076)	/	231.228
=	0.88

where

	Operating Assets		(A: Dec. 2021 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	230.28	-	0.008
=	230.272

	Operating Liabilities		(A: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	27.604	-	0	-	0.528
=	27.076

ACE Convergence Acquisition's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2022 )
=	(Operating Assets (Q: Sep. 2022 )	-	Operating Liabilities (Q: Sep. 2022 ))	/	Total Assets (Q: Jun. 2022 )
=	(40.309	-	45.951)	/	83.469
=	-0.07

where

	Operating Assets		(Q: Sep. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	40.309	-	0
=	40.309

	Operating Liabilities		(Q: Sep. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	48.502	-	0	-	2.551
=	45.951

ACE Convergence Acquisition Scaled Net Operating Assets Related Terms

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ACE Convergence Acquisition (ACE Convergence Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ACE Convergence Acquisition Corp (NAS:ACEVU) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1013 Centre Road, Suite 403S, Wilmington, DE, USA, 19805

Website

http://acev.io

ACE Convergence Acquisition Corp is a blank check company.

Executives

Omid Tahernia	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Kenneth Klein	director	700 SAGINAW DRIVE, REDWOOD CITY CA 94063
Behrooz L. Abdi	director, officer: Chief Executive Officer	1875 CHARLESTON ROAD, MOUNTAIN VIEW CA 94043
Ryan A Benton	director	48720 KATO ROAD, FREMONT CA 94538
Ace Convergence Acquisition Llc	director, 10 percent owner	1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Raquel Chmielewski	director	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Minyoung Park	officer: Chief Financial Officer	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Sunny Siu	director, officer: President	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805
Denis Tse	director, officer: Secretary	C/O ACE CONVERGENCE ACQUISITION CORP., 1013 CENTRE ROAD, SUITE 403S, WILMINGTON DE 19805