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Alset Capital Acquisition (Alset Capital Acquisition) Total Assets : $22.08 Mil (As of Aug. 2023)


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What is Alset Capital Acquisition Total Assets?

Alset Capital Acquisition's Total Assets for the quarter that ended in Aug. 2023 was $22.08 Mil.

During the past 12 months, Alset Capital Acquisition's average Total Assets Growth Rate was -75.70% per year.

Total Assets is connected with ROA %. Alset Capital Acquisition's annualized ROA % for the quarter that ended in Aug. 2023 was -3.20%. Total Assets is also linked to Revenue through Asset Turnover. Alset Capital Acquisition's Asset Turnover for the quarter that ended in Aug. 2023 was 0.00.

Alset Capital Acquisition Total Assets Historical Data

The historical data trend for Alset Capital 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.

* Premium members only.

Alset Capital Acquisition Total Assets Chart

Alset Capital Acquisition Annual Data
Trend Nov21 Nov22
Total Assets
0.14 89.30

Alset Capital Acquisition Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
Total Assets Get a 7-Day Free Trial 89.07 89.30 89.91 21.95 22.08

Alset Capital 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.

Alset Capital Acquisition's Total Assets for the fiscal year that ended in Nov. 2022 is calculated as

Total Assets=Total Equity (A: Nov. 2022 )+Total Liabilities (A: Nov. 2022 )
=85.902+3.395
=89.30

Alset Capital Acquisition's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets=Total Equity (Q: Aug. 2023 )+Total Liabilities (Q: Aug. 2023 )
=18.33+3.748
=22.08

* 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.

Alset Capital Acquisition  (NAS:ACAXU) Total Assets Explanation

Total Assets is connected with ROA %.

Alset Capital Acquisition's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %=Net Income (Q: Aug. 2023 )/( (Total Assets (Q: May. 2023 )+Total Assets (Q: Aug. 2023 ))/ count )
=-0.704/( (21.951+22.079)/ 2 )
=-0.704/22.015
=-3.20 %

Note: The Net Income data used here is four times the quarterly (Aug. 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.

Alset Capital Acquisition's Asset Turnover for the quarter that ended in Aug. 2023 is

Asset Turnover
=Revenue (Q: Aug. 2023 )/( (Total Assets (Q: May. 2023 )+Total Assets (Q: Aug. 2023 ))/ count )
=0/( (21.951+22.079)/ 2 )
=0/22.015
=0.00

* 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.

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.

Alset Capital Acquisition Total Assets Related Terms

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Alset Capital Acquisition (Alset Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alset Capital Acquisition Corp (NAS:ACAXU) » Definitions » Total Assets
Comparable Companies
AQU MTRY PCCT HUDA BREZ DHAC KACL TGVC DMAQ AOGO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
4800 Montgomery Lane, Suite 210, Bethesda, MD, USA, 20814
Website
https://www.alsetcapitalacquisition.com
Alset Capital Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Yakira Capital Management, Inc. 10 percent owner 1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Hudson Bay Capital Management Lp 10 percent owner 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber 10 percent owner C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Chan Heng Fai Ambrose director, 10 percent owner, officer: Chairman and CEO 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Wu William Wai Leung director C/O DOCUMENT SECURITY SYSTEMS, INC., 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14624
Tat Keung Wong director 4800 MONTGOMERY LANE SUITE 210, BETHESDA MD 20814
Shui Yeung Wong director 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814
Rongguo Wei officer: Chief Financial Officer 4800 MONTGOMERY LN #210, BETHESDA MD 20814
Alset Acquisition Sponsor, Llc 10 percent owner 4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814