North American Financial 15 Split (TSX:FFN) Total Assets : C$726.79 Mil (As of Nov. 2023)

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What is North American Financial 15 Split Total Assets?

North American Financial 15 Split's Total Assets for the quarter that ended in Nov. 2023 was C$726.79 Mil.

During the past 12 months, North American Financial 15 Split's average Total Assets Growth Rate was -5.50% per year. During the past 3 years, the average Total Assets Growth Rate was 48.10% per year. During the past 5 years, the average Total Assets Growth Rate was 25.50% per year. During the past 10 years, the average Total Assets Growth Rate was 22.30% per year.

During the past 13 years, North American Financial 15 Split's highest 3-Year average Total Assets Growth Rate was 48.10%. The lowest was -21.20%. And the median was 23.30%.

Total Assets is connected with ROA %. North American Financial 15 Split's annualized ROA % for the quarter that ended in Nov. 2023 was 12.10%. Total Assets is also linked to Revenue through Asset Turnover. North American Financial 15 Split's Asset Turnover for the quarter that ended in Nov. 2023 was 0.06.

North American Financial 15 Split Total Assets Historical Data

The historical data trend for North American Financial 15 Split'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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North American Financial 15 Split Total Assets Chart

North American Financial 15 Split Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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310.41

232.66

595.69

812.44

726.79

North American Financial 15 Split Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial															595.69	793.25	812.44	734.53	726.79

North American Financial 15 Split 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.

North American Financial 15 Split's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	200.549	+	526.244
	=	726.79

North American Financial 15 Split's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	200.549	+	526.244
	=	726.79

North American Financial 15 Split (TSX:FFN) Total Assets Explanation

Total Assets is connected with ROA %.

North American Financial 15 Split's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	88.438	/	( (734.534	+	726.793)	/ 2 )
	=	88.438	/	730.6635
	=	12.10 %

Note: The Net Income data used here is two times the semi-annual (Nov. 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.

North American Financial 15 Split's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	45.956	/	( (734.534	+	726.793)	/ 2 )
=	45.956	/	730.6635
=	0.06

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.

North American Financial 15 Split Total Assets Related Terms

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North American Financial 15 Split (TSX:FFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » North American Financial 15 Split Corp (TSX:FFN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FNCSF:USA FFN.PR.A.PFD:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

North American Financial 15 Split Corp is an investment company. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.

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