A SPAC III Acquisition Corp. Class A Ordinary Shares (ASPC) - Net Assets
Based on the latest financial reports, A SPAC III Acquisition Corp. Class A Ordinary Shares (ASPC) has net assets worth $3.40 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.94 Million) and total liabilities ($535.96K). 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. Check how tangible is A SPAC III Acquisition Corp. Class A Ord's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.40 Million |
| % of Total Assets | 86.38% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
A SPAC III Acquisition Corp. Class A Ordinary Shares - Net Assets Trend (2021–2025)
This chart illustrates how A SPAC III Acquisition Corp. Class A Ordinary Shares's net assets have evolved over time, based on quarterly financial data. See ASPC days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for A SPAC III Acquisition Corp. Class A Ordinary Shares (2021–2025)
The table below shows the annual net assets of A SPAC III Acquisition Corp. Class A Ordinary Shares from 2021 to 2025. For live valuation and market cap data, see A SPAC III Acquisition Corp. Class A Ord (ASPC) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.40 Million | -94.48% |
| 2024-12-31 | $61.56 Million | +43889.71% |
| 2023-12-31 | $-140.58K | -1.92% |
| 2022-12-31 | $-137.93K | -580152.42% |
| 2021-12-31 | $-23.77 | -- |
Equity Component Analysis
This analysis shows how different components contribute to A SPAC III Acquisition Corp. Class A Ordinary Shares'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 41978477.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $419.76K | 100.00% |
| Common Stock | $2.98 Million | 709.91% |
| Total Equity | $419.76K | 100.00% |
A SPAC III Acquisition Corp. Class A Ordinary Shares Competitors by Market Cap
The table below lists competitors of A SPAC III Acquisition Corp. Class A Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Radiant Innovation
TWO:3373
|
$25.20 Million |
|
Inscobee
KO:006490
|
$25.21 Million |
|
Korea Computer Terminal Inc
KQ:089150
|
$25.22 Million |
|
Rexit Bhd
KLSE:0106
|
$25.22 Million |
|
Resaas Services Inc
V:RSS
|
$25.19 Million |
|
Finbond Group Ltd
JSE:FGL
|
$25.18 Million |
|
Bioceres Crop Solutions Corp
NASDAQ:BIOX
|
$25.18 Million |
|
Helport AI Limited Ordinary Shares
NASDAQ:HPAI
|
$25.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in A SPAC III Acquisition Corp. Class A Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 61,557,824 to 419,761, a change of -61,138,063 (-99.3%).
- Net income of 1,343,931 contributed positively to equity growth.
- Share repurchases of 59,502,058 reduced equity.
- Other factors decreased equity by 2,979,936.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.34 Million | +320.17% |
| Share Repurchases | $59.50 Million | -14175.22% |
| Other Changes | $-2.98 Million | -709.91% |
| Total Change | $- | -99.32% |
Book Value vs Market Value Analysis
This analysis compares A SPAC III Acquisition Corp. Class A Ordinary Shares'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: 127.94x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $10.78 | x |
| 2022-12-31 | $-0.02 | $10.78 | x |
| 2023-12-31 | $-0.02 | $10.78 | x |
| 2024-12-31 | $7.64 | $10.78 | x |
| 2025-12-31 | $0.08 | $10.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently A SPAC III Acquisition Corp. Class A Ordinary Shares 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): 320.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 9.38x
- Recent ROE (320.17%) is above the historical average (64.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.91 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-89.21K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $11.41K |
| 2024 | -0.05% | 0.00% | 0.00x | 1.01x | $-6.18 Million |
| 2025 | 320.17% | 0.00% | 0.00x | 9.38x | $1.30 Million |
Industry Comparison
This section compares A SPAC III Acquisition Corp. Class A Ordinary Shares's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| A SPAC III Acquisition Corp. Class A Ordinary Shares (ASPC) | $3.40 Million | 0.00% | 0.16x | $25.20 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About A SPAC III Acquisition Corp. Class A Ordinary Shares
A SPAC III Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. A SPAC III Acquisition Corp. was incorporated in 2021 and is based in Wan Chai, Hong Kong.