Commerce Split (TSX:YCM) Scaled Net Operating Assets: 0.17 (As of May. 2024)


TSX:YCM Commerce Split Corp TSX:YCM
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Price C$10.80
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What is Commerce Split Scaled Net Operating Assets?

Commerce Split TSX:YCM 10 Scaled Net Operating Assets is 0.17 as of May. 2024. GuruFocus rates TSX:YCM with a GF Score™ of 10/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Commerce Split's operating assets for the quarter that ended in May. 2024 was C$10.74 Mil. Commerce Split's operating liabilities for the quarter that ended in May. 2024 was C$9.04 Mil. Commerce Split's Total Assets for the quarter that ended in Nov. 2023 was C$9.73 Mil. Therefore, Commerce Split's scaled net operating assets (SNOA) for the quarter that ended in May. 2024 was 0.17.

TSX:YCM
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Commerce Split Corp TSX:YCM
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Commerce Split Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Commerce Split's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(8.985-9.101)/11.41
=-0.01

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=9.729 - 0.744
=8.985

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9.101 - 0 - 0
=9.101

Commerce Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2024 )
=(Operating Assets (Q: May. 2024 )-Operating Liabilities (Q: May. 2024 ))/Total Assets (Q: Nov. 2023 )
=(10.743-9.042)/9.729
=0.17

where

Operating Assets(Q: May. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11.002 - 0.259
=10.743

Operating Liabilities(Q: May. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9.042 - 0 - 0
=9.042

* 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.

What does a Scaled Net Operating Assets of 0.17 mean?
Commerce Split (TSX:YCM) has a Scaled Net Operating Assets of 0.17 as of May. 2024. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Commerce Split and its competitors.
Is Commerce Split's Scaled Net Operating Assets too high?
Commerce Split's current Scaled Net Operating Assets is 0.17. Overall, Commerce Split has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Commerce Split's Scaled Net Operating Assets compare to BLK and BX?
Commerce Split's Scaled Net Operating Assets of 0.17 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Commerce Split and its competitors. Commerce Split's current Scaled Net Operating Assets is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce Split stock overvalued right now?
Commerce Split (TSX:YCM) has a current Scaled Net Operating Assets of 0.17. The current Scaled Net Operating Assets is 0.17. Commerce Split's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Commerce Split (TSX:YCM), the current Scaled Net Operating Assets is 0.17 as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Commerce Split Business Description

Address 200 Front Street West, Suite 2510, Royal Trust Tower, Toronto, ON, CAN, M5V 3K2
Commerce Split Corp is a mutual fund company. It invests in common shares of the 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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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