First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Total Assets : C$15.42 Mil (As of Jun. 2015)

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What is First Asset CanBanc Split Total Assets?

First Asset CanBanc Split's Total Assets for the quarter that ended in Jun. 2015 was C$15.42 Mil.

During the past 12 months, First Asset CanBanc Split's average Total Assets Growth Rate was -3.30% per year. During the past 3 years, the average Total Assets Growth Rate was -85.20% per year. During the past 5 years, the average Total Assets Growth Rate was -76.90% per year.

During the past 6 years, First Asset CanBanc Split's highest 3-Year average Total Assets Growth Rate was -28.60%. The lowest was -86.50%. And the median was -85.20%.

Total Assets is connected with ROA %. First Asset CanBanc Split's annualized ROA % for the quarter that ended in Jun. 2015 was -12.42%. Total Assets is also linked to Revenue through Asset Turnover. First Asset CanBanc Split's Asset Turnover for the quarter that ended in Jun. 2015 was -0.05.

First Asset CanBanc Split Total Assets Historical Data

The historical data trend for First Asset CanBanc 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.

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First Asset CanBanc Split Total Assets Chart

First Asset CanBanc Split Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Total Assets

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24.57

18.05

15.72

16.79

16.68

First Asset CanBanc Split Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Total Assets	Get a 7-Day Free Trial								14.30	16.79	16.51	16.68	15.42

First Asset CanBanc 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.

First Asset CanBanc Split's Total Assets for the fiscal year that ended in Dec. 2014 is calculated as

Total Assets	=	Total Equity (A: Dec. 2014 )	+	Total Liabilities (A: Dec. 2014 )
	=	12.961	+	3.716
	=	16.68

First Asset CanBanc Split's Total Assets for the quarter that ended in Jun. 2015 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2015 )	+	Total Liabilities (Q: Jun. 2015 )
	=	11.784	+	3.636
	=	15.42

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Total Assets Explanation

Total Assets is connected with ROA %.

First Asset CanBanc Split's annualized ROA % for the quarter that ended in Jun. 2015 is

ROA %	=	Net Income (Q: Jun. 2015 )	/	( (Total Assets (Q: Dec. 2014 )	+	Total Assets (Q: Jun. 2015 ))	/ count )
	=	-1.994	/	( (16.677	+	15.42)	/ 2 )
	=	-1.994	/	16.0485
	=	-12.42 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2015) 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.

First Asset CanBanc Split's Asset Turnover for the quarter that ended in Jun. 2015 is

	Asset Turnover
=	Revenue (Q: Jun. 2015 )	/	( (Total Assets (Q: Dec. 2014 )	+	Total Assets (Q: Jun. 2015 ))	/ count )
=	-0.75	/	( (16.677	+	15.42)	/ 2 )
=	-0.75	/	16.0485
=	-0.05

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.

First Asset CanBanc Split Total Assets Related Terms

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First Asset CanBanc Split Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Asset CanBanc Split Corp (TSX:CBU.PR.A.PFD) » Definitions » Total Assets

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Website

http://www.firstasset.com

First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

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