GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Commerce Split Corp (TSX:YCM.PR.A.PFD) » Definitions » Scaled Net Operating Assets

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


View and export this data going back to 2007. Start your Free Trial

What is Commerce Split Scaled Net Operating Assets?

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.

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.

Commerce Split Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Commerce Split's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Commerce Split Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Commerce Split Corp (TSX:YCM.PR.A.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
XCNQ:BLR XCNQ:BVOF.A XCNQ:EATS TSX:SBN XCNQ:GPK XCNQ:TEAM TSXV:LBI TSXV:PVIS TSX:MKZ.UN XCNQ:LLL BLK BX KKR OSTO:INVE A TSX:BN APO BK AMP XSWX:PGHN OSTO:EQT
Traded in Other Exchanges
YCM.PR.B.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.