Blue Ocean Acquisition Corp (BOCN) - Net Assets
Based on the latest financial reports, Blue Ocean Acquisition Corp (BOCN) has net assets worth $5.19 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 ($21.24 Million) and total liabilities ($16.05 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. See Blue Ocean Acquisition Corp net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.19 Million |
| % of Total Assets | 24.45% |
| Annual Growth Rate | -43.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 38.91 |
Blue Ocean Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how Blue Ocean Acquisition Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BOCN company net worth.
Annual Net Assets for Blue Ocean Acquisition Corp (2021–2023)
The table below shows the annual net assets of Blue Ocean Acquisition Corp from 2021 to 2023. Also explore Blue Ocean Acquisition Corp net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $55.19 Million | -70.57% |
| 2022-12-31 | $187.55 Million | +7.24% |
| 2021-12-31 | $174.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Ocean Acquisition 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 662486600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $67.22 Million | 121.79% |
| Total Equity | $55.19 Million | 100.00% |
Blue Ocean Acquisition Corp Competitors by Market Cap
The table below lists competitors of Blue Ocean Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ScandiDos AB
ST:SDOS
|
$4.42 Million |
|
Jain Irrigation Systems Limited
NSE:JISLDVREQS
|
$4.42 Million |
|
Provaris Energy Ltd
AU:PV1
|
$4.42 Million |
|
Akash Infra-Projects Limited
NSE:AKASH
|
$4.42 Million |
|
Thai-German Products Public Company Limited
BK:TGPRO
|
$4.41 Million |
|
Bank Maybank Indonesia Tbk PT
JK:BNII
|
$4.41 Million |
|
Leveljump Healthcare Corp
V:JUMP
|
$4.41 Million |
|
Critical Minerals Group Ltd
AU:CMG
|
$4.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Ocean Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 187,551,715 to 55,187,620, a change of -132,364,095 (-70.6%).
- Net income of 4,422,350 contributed positively to equity growth.
- Dividend payments of 136,786,445 reduced retained earnings.
- Share repurchases of 136,786,445 reduced equity.
- Other factors increased equity by 136,786,445.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.42 Million | +8.01% |
| Dividends Paid | $136.79 Million | -247.86% |
| Share Repurchases | $136.79 Million | -247.86% |
| Other Changes | $136.79 Million | +247.86% |
| Total Change | $- | -70.57% |
Book Value vs Market Value Analysis
This analysis compares Blue Ocean Acquisition 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: 0.24x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.09x to 0.24x 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 | $7.37 | $0.67 | x |
| 2022-12-31 | $7.91 | $0.67 | x |
| 2023-12-31 | $2.81 | $0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Ocean Acquisition 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): 8.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.22x
- Recent ROE (8.01%) is above the historical average (7.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 1.00% | 0.00% | 0.00x | 1.12x | $-15.75 Million |
| 2022 | 14.16% | 0.00% | 0.00x | 1.05x | $7.81 Million |
| 2023 | 8.01% | 0.00% | 0.00x | 1.22x | $-1.10 Million |
Industry Comparison
This section compares Blue Ocean Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $244,118,088
- Average return on equity (ROE) among peers: 1.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Ocean Acquisition Corp (BOCN) | $5.19 Million | 1.00% | 3.09x | $4.42 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $234.83 Million |
| Artius II Acquisition Inc. Units (AACBU) | $214.29 Million | 0.06% | 0.07x | $269.37 Million |
| Armada Acquisition Corp. II Class A Ordinary Shares (AACI) | $147.40 Million | -2.46% | 0.02x | $256.50 Million |
| Abony Acquisition Corp. I Class A Ordinary Share (AACO) | $-74.71 | 0.00% | 0.00x | $236.71 Million |
| Apogee Acquisition Corp Class A Ordinary Shares (AACP) | $-13.88 | 0.00% | 0.00x | $178.44 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $377.55K |
| 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 | $238.34 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $386.63 Million |
About Blue Ocean Acquisition Corp
Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to… Read more