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Top 10 Split Trust (TSX:TXT.UN) Total Assets : C$8.30 Mil (As of Dec. 2023)


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What is Top 10 Split Trust Total Assets?

Top 10 Split Trust's Total Assets for the quarter that ended in Dec. 2023 was C$8.30 Mil.

During the past 12 months, Top 10 Split Trust's average Total Assets Growth Rate was 2.10% per year. During the past 3 years, the average Total Assets Growth Rate was -16.90% per year. During the past 5 years, the average Total Assets Growth Rate was -14.00% per year.

During the past 9 years, Top 10 Split Trust's highest 3-Year average Total Assets Growth Rate was 546.90%. The lowest was -23.10%. And the median was -10.20%.

Total Assets is connected with ROA %. Top 10 Split Trust's annualized ROA % for the quarter that ended in Dec. 2023 was 13.13%. Total Assets is also linked to Revenue through Asset Turnover. Top 10 Split Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Top 10 Split Trust Total Assets Historical Data

The historical data trend for Top 10 Split Trust'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.

Top 10 Split Trust Total Assets Chart

Top 10 Split Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only 18.14 14.42 10.31 8.13 8.30

Top 10 Split Trust Semi-Annual Data
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 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 10.31 8.36 8.13 7.99 8.30

Top 10 Split Trust 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.

Top 10 Split Trust'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 )
=1.105+7.199
=8.30

Top 10 Split Trust'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 )
=1.105+7.199
=8.30

* 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.

Top 10 Split Trust  (TSX:TXT.UN) Total Assets Explanation

Total Assets is connected with ROA %.

Top 10 Split Trust'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 )
=1.07/( (7.993+8.304)/ 2 )
=1.07/8.1485
=13.13 %

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.

Top 10 Split Trust'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 )
=0.308/( (7.993+8.304)/ 2 )
=0.308/8.1485
=0.04

* 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.

Top 10 Split Trust Total Assets Related Terms

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Top 10 Split Trust (TSX:TXT.UN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Top 10 Split Trust (TSX:TXT.UN) » Definitions » Total Assets
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Traded in Other Exchanges
TXT.PR.A.PFD:Canada
Address
121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9
Website
https://www.mulvihill.com
Top 10 Split Trust is a Canada-based closed-end investment trust. The fund invests in a portfolio of securities consisting of common equity securities of Canadian banks and Canadian life insurance companies. Its investment objective is to provide unitholders with the benefit of capital appreciation in the market price of the securities in the fund's portfolio.

Top 10 Split Trust (TSX:TXT.UN) Headlines

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