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FNNCF (Financial 15 Split) Total Assets : $736.7 Mil (As of May. 2024)


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What is Financial 15 Split Total Assets?

Financial 15 Split's Total Assets for the quarter that ended in May. 2024 was $736.7 Mil.

During the past 12 months, Financial 15 Split's average Total Assets Growth Rate was 64.30% per year. During the past 3 years, the average Total Assets Growth Rate was 26.30% per year. During the past 5 years, the average Total Assets Growth Rate was 1.10% per year. During the past 10 years, the average Total Assets Growth Rate was 11.40% per year.

During the past 13 years, Financial 15 Split's highest 3-Year average Total Assets Growth Rate was 32.30%. The lowest was -25.20%. And the median was 12.10%.

Total Assets is connected with ROA %. Financial 15 Split's annualized ROA % for the quarter that ended in May. 2024 was 33.16%. Total Assets is also linked to Revenue through Asset Turnover. Financial 15 Split's Asset Turnover for the quarter that ended in May. 2024 was 0.17.


Financial 15 Split Total Assets Historical Data

The historical data trend for Financial 15 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.

* Premium members only.

Financial 15 Split Total Assets Chart

Financial 15 Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 533.35 440.40 405.02 498.57 593.18

Financial 15 Split Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 427.61 498.57 508.76 593.18 736.65

Financial 15 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.

Financial 15 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 )
=225.718+367.458
=593.2

Financial 15 Split's Total Assets for the quarter that ended in May. 2024 is calculated as

Total Assets=Total Equity (Q: May. 2024 )+Total Liabilities (Q: May. 2024 )
=330.421+406.23
=736.7

* 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.


Financial 15 Split  (OTCPK:FNNCF) Total Assets Explanation

Total Assets is connected with ROA %.

Financial 15 Split's annualized ROA % for the quarter that ended in May. 2024 is

ROA %=Net Income (Q: May. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: May. 2024 ))/ count )
=220.472/( (593.175+736.652)/ 2 )
=220.472/664.9135
=33.16 %

Note: The Net Income data used here is two times the semi-annual (May. 2024) 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.

Financial 15 Split's Asset Turnover for the quarter that ended in May. 2024 is

Asset Turnover
=Revenue (Q: May. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: May. 2024 ))/ count )
=111.468/( (593.175+736.652)/ 2 )
=111.468/664.9135
=0.17

* 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.

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.

Financial 15 Split Total Assets Related Terms

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Financial 15 Split Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, Toronto, ON, CAN, M5V3K2
Financial 15 Split Corp is a Canada-based mutual fund corporation. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others.

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