Ace Global Business Acquisition Limited

Ace Global Business Acquisition Limitedverified

ACBA

Price:

$12.03

Market Cap:

$41.28M

Ace Global Business Acquisition Limited does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the gaming and e-commerce sectors in Greater China, Japan, and Southeast Asia regions. The company was incorporated in 2020 and is based in Central, Hong Kong.[Read more]

Industry

Shell Companies

IPO Date

2021-05-26

Stock Exchange

NASDAQ

Ticker

ACBA

The ROE as of October 2024 (TTM) for Ace Global Business Acquisition Limited (ACBA) is -2.71%

According to Ace Global Business Acquisition Limited’s latest financial reports and current stock price. The company's current ROE is -2.71%. This represents a change of 335.98% compared to the average of -0.62% of the last 4 quarters.

Ace Global Business Acquisition Limited (ACBA) Historical ROE (quarterly & annually)

How has ACBA ROE performed in the past?

The mean historical ROE of Ace Global Business Acquisition Limited over the last ten years is -41.14%. The current -2.71% ROE has changed -93.42% with respect to the historical average. Over the past ten years (40 quarters), ACBA's ROE was at its highest in in the March 2021 quarter at 110.58%. The ROE was at its lowest in in the March 2023 quarter at -2.88%.

Quarterly (TTM)
Annual

Average

-41.14%

Median

-1.81%

Minimum

-171.92%

Maximum

10.98%

Ace Global Business Acquisition Limited (ACBA) ROE by Quarter and Year

Discovering the peaks and valleys of Ace Global Business Acquisition Limited ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual ROE = 10.98%

Minimum Annual Increase = -590.42%

Minimum Annual ROE = -171.92%

Quarterly (TTM)
Annual
YearROEChange
2023-1.38%-112.58%
202210.98%-590.42%
2021-2.24%-98.70%

Ace Global Business Acquisition Limited (ACBA) Average ROE

How has ACBA ROE performed in the past?

The current ROE of Ace Global Business Acquisition Limited (ACBA) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.45%

5-year avg

-41.14%

10-year avg

-41.14%

Ace Global Business Acquisition Limited (ACBA) ROE vs. Peers

How is ACBA’s ROE compared to its peers?

Ace Global Business Acquisition Limited’s ROE is less than AfterNext HealthTech Acquisition Corp. (0%), less than Alpha One Inc. (0%), greater than Manaris (2010) Corp. (-1.08%), greater than null (-38.18%),

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