ACE Convergence Acquisition (ACE Convergence Acquisition) Total Assets : $40.31 Mil (As of Sep. 2022)

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What is ACE Convergence Acquisition Total Assets?

ACE Convergence Acquisition's Total Assets for the quarter that ended in Sep. 2022 was $40.31 Mil.

During the past 12 months, ACE Convergence Acquisition's average Total Assets Growth Rate was -82.50% per year.

Total Assets is connected with ROA %. ACE Convergence Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 was -55.82%. Total Assets is also linked to Revenue through Asset Turnover. ACE Convergence Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 was 0.00.

ACE Convergence Acquisition Total Assets Historical Data

The historical data trend for ACE Convergence 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 Convergence Acquisition Total Assets Chart

ACE Convergence Acquisition Annual Data

Trend

Dec20

Dec21

Total Assets

231.23

230.28

ACE Convergence Acquisition Quarterly Data
	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial					230.34	230.28	82.69	83.47	40.31

ACE Convergence 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 Convergence Acquisition's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	202.675	+	27.604
	=	230.28

ACE Convergence Acquisition's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	-8.193	+	48.502
	=	40.31

ACE Convergence Acquisition (NAS:ACEVU) Total Assets Explanation

Total Assets is connected with ROA %.

ACE Convergence Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	-34.548	/	( (83.469	+	40.309)	/ 2 )
	=	-34.548	/	61.889
	=	-55.82 %

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

ACE Convergence Acquisition's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	0	/	( (83.469	+	40.309)	/ 2 )
=	0	/	61.889
=	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 Convergence Acquisition Total 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 » Total 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