Canoe EITome Fund (Canoe EITome Fund) Total Assets : $1,981.59 Mil (As of Dec. 2023)

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What is Canoe EITome Fund Total Assets?

Canoe EITome Fund's Total Assets for the quarter that ended in Dec. 2023 was $1,981.59 Mil.

During the past 12 months, Canoe EITome Fund's average Total Assets Growth Rate was 9.80% per year. During the past 3 years, the average Total Assets Growth Rate was 20.60% per year. During the past 5 years, the average Total Assets Growth Rate was 20.60% per year. During the past 10 years, the average Total Assets Growth Rate was 7.80% per year.

During the past 13 years, Canoe EITome Fund's highest 3-Year average Total Assets Growth Rate was 284.80%. The lowest was -11.40%. And the median was 6.00%.

Total Assets is connected with ROA %. Canoe EITome Fund's annualized ROA % for the quarter that ended in Dec. 2023 was 11.85%. Total Assets is also linked to Revenue through Asset Turnover. Canoe EITome Fund's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Canoe EITome Fund Total Assets Historical Data

The historical data trend for Canoe EITome Fund'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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Canoe EITome Fund Total Assets Chart

Canoe EITome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,219.34

1,210.02

1,751.29

1,844.76

1,981.59

Canoe EITome Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															1,751.29	1,787.14	1,844.76	1,908.43	1,981.59

Canoe EITome Fund 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.

Canoe EITome Fund's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1729.422	+	252.163
	=	1,981.59

Canoe EITome Fund's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1729.422	+	252.163
	=	1,981.59

Canoe EITome Fund (OTCPK:ENDTF) Total Assets Explanation

Total Assets is connected with ROA %.

Canoe EITome Fund's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	230.488	/	( (1908.428	+	1981.585)	/ 2 )
	=	230.488	/	1945.0065
	=	11.85 %

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

Canoe EITome Fund's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	124.383	/	( (1908.428	+	1981.585)	/ 2 )
=	124.383	/	1945.0065
=	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.

Canoe EITome Fund Total Assets Related Terms

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Canoe EITome Fund (Canoe EITome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canoe EIT Income Fund (OTCPK:ENDTF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

EIT.PR.B.PFD:Canada EIT.PR.A.PFD:Canada EIT.UN:Canada

Address

421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9

Website

https://www.canoefinancial.com

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.