Embrace Change Acquisition (Embrace Change Acquisition) Total Assets : $64.09 Mil (As of Sep. 2023)

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What is Embrace Change Acquisition Total Assets?

Embrace Change Acquisition's Total Assets for the quarter that ended in Sep. 2023 was $64.09 Mil.

During the past 12 months, Embrace Change Acquisition's average Total Assets Growth Rate was -15.60% per year.

Total Assets is connected with ROA %. Embrace Change Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 was 2.55%. Total Assets is also linked to Revenue through Asset Turnover. Embrace Change Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Embrace Change Acquisition Total Assets Historical Data

The historical data trend for Embrace Change 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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Embrace Change Acquisition Total Assets Chart

Embrace Change Acquisition Annual Data

Trend

Dec21

Dec22

Total Assets

0.17

76.95

Embrace Change Acquisition Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial					76.38	76.95	77.76	78.63	64.09

Embrace Change 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.

Embrace Change Acquisition's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	74.2	+	2.745
	=	76.95

Embrace Change Acquisition's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	60.573	+	3.516
	=	64.09

Embrace Change Acquisition (NAS:EMCG) Total Assets Explanation

Total Assets is connected with ROA %.

Embrace Change Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	1.82	/	( (78.627	+	64.089)	/ 2 )
	=	1.82	/	71.358
	=	2.55 %

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

Embrace Change Acquisition's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (78.627	+	64.089)	/ 2 )
=	0	/	71.358
=	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.

Embrace Change Acquisition Total Assets Related Terms

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Embrace Change Acquisition (Embrace Change Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Embrace Change Acquisition Corp (NAS:EMCG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5186 Carroll Canyon Road, San Diego, CA, USA, 92121

Website

Embrace Change Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Executives

Jingyu Wang	director, officer: Chief Executive Officer	5/F, BUILDING A1, JUNHAO CENTRAL PARK PL, CHAOYANG DISTRICT, BEIJING F4 00000
Mo Zhou	director	SHUNYI DISTRICT, LONG YUAN VILLAS, UNIT 139, BEIJING F4 101319
Jiangping Xiao	director	801 W ADAMS ST, CHICAGO IL 60607
Yoann Delwarde	director, officer: Chief Executive Officer	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Hang Zhou	director	10635 CALLE MAR DE MARIPOSA, APARTMENT 5314, SAN DIEGO CA 92130
Zheng Yuan	director, officer: Chief Financial Officer	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Wuren Fubao Inc.	10 percent owner	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000
Richemont Gregory De	director	74, BLOCK D, BEIJING FUND TOWN BUILDING, FANGSHAN DISTRICT, BEIJING F4 00000

Embrace Change Acquisition (Embrace Change Acquisition) Headlines

From GuruFocus

Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing

By GlobeNewswire • 12-27-2023

Embrace Change Acquisition Corp. Announces Closing of $73.9 Million Initial Public Offering

By PurpleRose PurpleRose • 08-12-2022