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


ACBAW Ace Global Business Acquisition Ltd ACBAW
23 GF Score
Price $0.02
! 4 Warning Signs
View Full Analysis

What is Ace Global Business Acquisition Total Assets?

Ace Global Business Acquisition ACBAW 23 Total Assets is $23.40 Mil as of Dec. 2023. GuruFocus rates ACBAW with a GF Score™ of 23/100. The stock has 4 warning signs investors should review.

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  (NAS:ACBAW) 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

* 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.

Ace Global Business Acquisition Total Assets Related Terms

Ace Global Business Acquisition Total Assets Historical Data

* Premium members only.

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.

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.07 25.98 26.33 22.95 23.40
ACBAW
23GF Score
Ace Global Business Acquisition Ltd ACBAW
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $23.40 Mil mean?
Ace Global Business Acquisition (ACBAW) has a Total Assets of $23.40 Mil as of Dec. 2023. The total amount of assets as recorded on a company's balance sheet. View historical data on Ace Global Business Acquisition and its competitors.
Is Ace Global Business Acquisition's Total Assets too high?
Ace Global Business Acquisition's current Total Assets is $23.40 Mil. Overall, Ace Global Business Acquisition has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Ace Global Business Acquisition's Total Assets compare to DKDCA and GDNR?
Ace Global Business Acquisition's Total Assets of $23.40 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Diversified Financial Services company?
A good Total Assets depends on the Diversified Financial Services industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Ace Global Business Acquisition and its competitors. Ace Global Business Acquisition's current Total Assets is $23.40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ace Global Business Acquisition stock overvalued right now?
Ace Global Business Acquisition (ACBAW) has a current Total Assets of $23.40 Mil. The current Total Assets is $23.40 Mil. Ace Global Business Acquisition's overall GF Score™ is 23/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Ace Global Business Acquisition (ACBAW), the current Total Assets is $23.40 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ace Global Business Acquisition Business Description

Address Tower 2, Lippo Centre, No. 89, Room. 806, 8th Floor, Queensway, Admiralty, Hong Kong, HKG
Ace Global Business Acquisition Ltd is a newly organized blank check company.
23GF Score

Get the complete analysis for ACBAW

Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.02
Price