Commerce Split (TSX:YCM) Total Assets: C$11.00 Mil (As of May. 2024)


TSX:YCM Commerce Split Corp TSX:YCM
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What is Commerce Split Total Assets?

Commerce Split TSX:YCM 10 Total Assets is C$11.00 Mil as of May. 2024. GuruFocus rates TSX:YCM with a GF Score™ of 10/100.

Commerce Split's Total Assets for the quarter that ended in May. 2024 was C$11.00 Mil.

Total Assets is connected with ROA %. Commerce Split's annualized ROA % for the quarter that ended in May. 2024 was 31.55%. Total Assets is also linked to Revenue through Asset Turnover. Commerce Split's Asset Turnover for the quarter that ended in May. 2024 was 0.17.

Commerce Split  (TSX:YCM) Total Assets Explanation

Total Assets is connected with ROA %.

Commerce 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 )
=3.27/( (9.729+11.002)/ 2 )
=3.27/10.3655
=31.55 %

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.

Commerce 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 )
=1.737/( (9.729+11.002)/ 2 )
=1.737/10.3655
=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.

Commerce Split Total Assets Related Terms

Commerce Split Total Assets Historical Data

* Premium members only.

The historical data trend for Commerce 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.

Commerce Split Total Assets Chart

Commerce 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 18.80 10.67 12.96 11.41 9.73

Commerce 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 12.35 11.41 9.74 9.73 11.00
TSX:YCM
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Commerce Split Corp TSX:YCM
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Commerce 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.

Commerce 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 )
=0.627+9.101
=9.73

Commerce 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 )
=1.96+9.042
=11.00

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of C$11.00 Mil mean?
Commerce Split (TSX:YCM) has a Total Assets of C$11.00 Mil as of May. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Commerce Split and its competitors.
Is Commerce Split's Total Assets too high?
Commerce Split's current Total Assets is C$11.00 Mil. Overall, Commerce Split has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Commerce Split's Total Assets compare to BLK and BX?
Commerce Split's Total Assets of C$11.00 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for an Asset Management company?
A good Total Assets depends on the Asset Management industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Commerce Split and its competitors. Commerce Split's current Total Assets is C$11.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce Split stock overvalued right now?
Commerce Split (TSX:YCM) has a current Total Assets of C$11.00 Mil. The current Total Assets is C$11.00 Mil. Commerce Split's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Commerce Split (TSX:YCM), the current Total Assets is C$11.00 Mil as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Commerce Split Business Description

Address 200 Front Street West, Suite 2510, Royal Trust Tower, Toronto, ON, CAN, M5V 3K2
Commerce Split Corp is a mutual fund company. It invests in common shares of the Canadian Imperial Bank of Commerce. The corporation offers three types of shares, a Capital share, a Class I Preferred, and a Class II Preferred.
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