APx Acquisition I Corp
APx Acquisition Corp. I. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Nashville, Tennessee.
APx Acquisition I Corp (APXI) - Net Assets
Latest net assets as of September 2024: $61.32 Million USD
Based on the latest financial reports, APx Acquisition I Corp (APXI) has net assets worth $61.32 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($66.17 Million) and total liabilities ($4.85 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $61.32 Million |
| % of Total Assets | 92.67% |
| Annual Growth Rate | -38.0% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 38.65 |
APx Acquisition I Corp - Net Assets Trend (2021–2023)
This chart illustrates how APx Acquisition I Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for APx Acquisition I Corp (2021–2023)
The table below shows the annual net assets of APx Acquisition I Corp from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $61.07 Million | -65.57% |
| 2022-12-31 | $177.40 Million | +11.73% |
| 2021-12-31 | $158.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to APx Acquisition I Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1210900700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $62.69 Million | 102.65% |
| Total Equity | $61.07 Million | 100.00% |
APx Acquisition I Corp Competitors by Market Cap
The table below lists competitors of APx Acquisition I Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wha Yu Industrial Co Ltd
TW:3419
|
$47.52 Million |
|
PT. Gajah Tunggal Tbk
F:GH8
|
$47.56 Million |
|
Woosu AMS Co.Ltd
KQ:066590
|
$47.57 Million |
|
Sportsman's Warehouse Holdings, Inc.
LSE:0A8T
|
$47.60 Million |
|
Citba Financial Corp
OTCQX:CBAF
|
$47.51 Million |
|
NuriFlex Co.Ltd
KQ:040160
|
$47.50 Million |
|
Furonteer Inc.
KQ:370090
|
$47.49 Million |
|
Alicanto Minerals Ltd
AU:AQI
|
$47.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in APx Acquisition I Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 177,399,870 to 61,072,526, a change of -116,327,344 (-65.6%).
- Net income of 4,256,395 contributed positively to equity growth.
- Share repurchases of 121,866,147 reduced equity.
- Other factors increased equity by 1,282,408.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.26 Million | +6.97% |
| Share Repurchases | $121.87 Million | -199.54% |
| Other Changes | $1.28 Million | +2.1% |
| Total Change | $- | -65.57% |
Book Value vs Market Value Analysis
This analysis compares APx Acquisition I Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.62x to 1.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $7.36 | $11.90 | x |
| 2022-12-31 | $24.47 | $11.90 | x |
| 2023-12-31 | $6.16 | $11.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently APx Acquisition I Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (6.97%) is above the historical average (5.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 1.04% | 0.00% | 0.00x | 1.12x | $-14.22 Million |
| 2022 | 7.56% | 0.00% | 0.00x | 1.01x | $-4.33 Million |
| 2023 | 6.97% | 0.00% | 0.00x | 1.03x | $-1.85 Million |
Industry Comparison
This section compares APx Acquisition I Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $-56,363,212
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| APx Acquisition I Corp (APXI) | $61.32 Million | 1.04% | 0.08x | $47.51 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $-22.04K | 0.00% | 0.00x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $5.32 Million | -71.85% | 3.84x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $-185.37K | 0.00% | 0.00x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-181.19K | 0.00% | 0.00x | $14.73K |
| ACRO Biomedical Co Ltd (ACBM) | $-14.79K | 0.00% | 0.00x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-1.02K | 0.00% | 0.00x | $3.15K |