GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (OTCPK:CNDCF) » Definitions » Asset Turnover

CNDCF (Canadian Banc) Asset Turnover : 0.12 (As of May. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Canadian Banc Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Canadian Banc's Revenue for the six months ended in May. 2024 was $57.10 Mil. Canadian Banc's Total Assets for the quarter that ended in May. 2024 was $460.39 Mil. Therefore, Canadian Banc's Asset Turnover for the quarter that ended in May. 2024 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Canadian Banc's annualized ROE % for the quarter that ended in May. 2024 was 56.40%. It is also linked to ROA % through Du Pont Formula. Canadian Banc's annualized ROA % for the quarter that ended in May. 2024 was 24.54%.


Canadian Banc Asset Turnover Historical Data

The historical data trend for Canadian Banc's Asset Turnover 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.

Canadian Banc Asset Turnover Chart

Canadian Banc Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 -0.06 0.29 0.01 -0.03

Canadian Banc Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Asset Turnover 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 0.02 -0.01 -0.07 0.03 0.12

Competitive Comparison of Canadian Banc's Asset Turnover

For the Asset Management subindustry, Canadian Banc's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Banc's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canadian Banc's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Canadian Banc's Asset Turnover falls into.



Canadian Banc Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Canadian Banc's Asset Turnover for the fiscal year that ended in Nov. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2023 )/( (Total Assets (A: Nov. 2022 )+Total Assets (A: Nov. 2023 ))/ count )
=-9.097/( (262.405+459.826)/ 2 )
=-9.097/361.1155
=-0.03

Canadian Banc's Asset Turnover for the quarter that ended in May. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: May. 2024 ))/ count )
=57.103/( (459.826+460.959)/ 2 )
=57.103/460.3925
=0.12

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Canadian Banc  (OTCPK:CNDCF) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Canadian Banc's annulized ROE % for the quarter that ended in May. 2024 is

ROE %**(Q: May. 2024 )
=Net Income/Total Stockholders Equity
=112.986/200.3325
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(112.986 / 114.206)*(114.206 / 460.3925)*(460.3925/ 200.3325)
=Net Margin %*Asset Turnover*Equity Multiplier
=98.93 %*0.2481*2.2981
=ROA %*Equity Multiplier
=24.54 %*2.2981
=56.40 %

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

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Canadian Banc's annulized ROA % for the quarter that ended in May. 2024 is

ROA %(Q: May. 2024 )
=Net Income/Total Assets
=112.986/460.3925
=(Net Income / Revenue)*(Revenue / Total Assets)
=(112.986 / 114.206)*(114.206 / 460.3925)
=Net Margin %*Asset Turnover
=98.93 %*0.2481
=24.54 %

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

* 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.


Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Canadian Banc Asset Turnover Related Terms

Thank you for viewing the detailed overview of Canadian Banc's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Canadian Banc Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.

Canadian Banc Headlines

From GuruFocus

CANADIAN BANC CORP. Financial Results to May 31, 2021

By GlobeNewswire GlobeNewswire 07-24-2021

Canadian Banc Corp. Financial Results to November 30, 2022

By GlobeNewswire GlobeNewswire 02-24-2023