Commerce Split (TSX:YCM.PR.B.PFD) Goodwill : C$0.00 Mil (As of Nov. 2023)

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What is Commerce Split Goodwill?

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Commerce Split's goodwill for the quarter that ended in Nov. 2023 was C$0.00 Mil.

Commerce Split Goodwill Historical Data

The historical data trend for Commerce Split's Goodwill 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 Goodwill Chart

Commerce Split Annual Data

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Goodwill

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Commerce Split Semi-Annual Data
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Commerce Split Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Commerce Split (TSX:YCM.PR.B.PFD) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Commerce Split's Goodwill-to-Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Goodwill-to-Asset (A: Nov. 2023 )	=	Goodwill	/	Total Assets
	=	0	/	9.729
	=	0.00

Commerce Split's Goodwill-to-Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Goodwill-to-Asset (Q: Nov. 2023 )	=	Goodwill	/	Total Assets
	=	0	/	9.729
	=	0.00

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.

Commerce Split Goodwill Related Terms

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Commerce Split (TSX:YCM.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Commerce Split Corp (TSX:YCM.PR.B.PFD) » Definitions » Goodwill

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YCM.PR.A.PFD:Canada YCM: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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