Commerce Split (TSX:YCM) Total Assets : C$9.73 Mil (As of Nov. 2023)

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What is Commerce Split Total Assets?

Commerce Split's Total Assets for the quarter that ended in Nov. 2023 was C$9.73 Mil.

During the past 12 months, Commerce Split's average Total Assets Growth Rate was -15.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1978.90% per year. During the past 5 years, the average Total Assets Growth Rate was 326.60% per year.

During the past 13 years, Commerce Split's highest 3-Year average Total Assets Growth Rate was 1978.90%. The lowest was -86.90%. And the median was -20.90%.

Total Assets is connected with ROA %. Commerce Split's annualized ROA % for the quarter that ended in Nov. 2023 was 4.31%. Total Assets is also linked to Revenue through Asset Turnover. Commerce Split's Asset Turnover for the quarter that ended in Nov. 2023 was 0.03.

Commerce Split Total Assets Historical Data

The historical data trend for Commerce 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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Commerce Split Total Assets Chart

Commerce Split Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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18.80

10.67

12.96

11.41

9.73

Commerce 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															12.96	12.35	11.41	9.74	9.73

Commerce 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.

Commerce 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 )
	=	0.627	+	9.101
	=	9.73

Commerce 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 )
	=	0.627	+	9.101
	=	9.73

Commerce Split (TSX:YCM) Total Assets Explanation

Total Assets is connected with ROA %.

Commerce 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 )
	=	0.42	/	( (9.74	+	9.729)	/ 2 )
	=	0.42	/	9.7345
	=	4.31 %

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.

Commerce 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 )
=	0.273	/	( (9.74	+	9.729)	/ 2 )
=	0.273	/	9.7345
=	0.03

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.

Commerce Split Total Assets Related Terms

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Commerce Split (TSX:YCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Commerce Split Corp (TSX:YCM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

YCM.PR.B.PFD:Canada YCM.PR.A.PFD:Canada

Address

77 King Street West, P.O. Box 341, Suite 4500, Royal Trust Tower, Toronto, ON, CAN, M5K 1K7

Website

https://www.quadravest.com

Commerce Split Corp is a mutual fund company. It invests in common shares of Canadian imperial bank of commerce. The corporation offers three types of shares, a Capital share, a Class I Preferred, and a Class II Preferred.

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