Canoe EITome Fund (TSX:EIT.UN) Asset Turnover: 0.06 (As of Dec. 2025)


TSX:EIT.UN Canoe EIT Income Fund TSX:EIT.UN
49 GF Score
Price C$17.16
GF Value C$14.16
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Canoe EITome Fund Asset Turnover?

Canoe EITome Fund TSX:EIT.UN -0.06% 49 Asset Turnover is 0.06 as of Dec. 2025. GuruFocus rates TSX:EIT.UN with a GF Score™ of 49/100 and a GF Value™ of C$14.16 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Canoe EITome Fund's Revenue for the six months ended in Dec. 2025 was C$205.3 Mil. Canoe EITome Fund's Total Assets for the quarter that ended in Dec. 2025 was C$3,276.4 Mil. Therefore, Canoe EITome Fund's Asset Turnover for the quarter that ended in Dec. 2025 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Canoe EITome Fund's annualized ROE % for the quarter that ended in Dec. 2025 was 13.08%. It is also linked to ROA % through Du Pont Formula. Canoe EITome Fund's annualized ROA % for the quarter that ended in Dec. 2025 was 11.88%.

Canoe EITome Fund  (TSX:EIT.UN) Asset Turnover Explanation

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

Canoe EITome Fund's annulized ROE % for the quarter that ended in Dec. 2025 is

ROE %**(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=389.366/2976.513
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(389.366 / 410.558)*(410.558 / 3276.415)*(3276.415/ 2976.513)
=Net Margin %*Asset Turnover*Equity Multiplier
=94.84 %*0.1253*1.1008
=ROA %*Equity Multiplier
=11.88 %*1.1008
=13.08 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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:

Canoe EITome Fund's annulized ROA % for the quarter that ended in Dec. 2025 is

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=389.366/3276.415
=(Net Income / Revenue)*(Revenue / Total Assets)
=(389.366 / 410.558)*(410.558 / 3276.415)
=Net Margin %*Asset Turnover
=94.84 %*0.1253
=11.88 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.

Canoe EITome Fund Asset Turnover Related Terms

Canoe EITome Fund Asset Turnover Historical Data

* Premium members only.

The historical data trend for Canoe EITome Fund'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.

Canoe EITome Fund Asset Turnover Chart

Canoe EITome Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.12 0.06 0.23 0.12

Canoe EITome Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.06 0.10 0.14 0.06 0.06

TSX:EIT.UN vs BLK, BX, KKR: Asset Turnover Comparison

For the Asset Management subindustry, Canoe EITome Fund'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.

Canoe EITome Fund Asset Turnover vs Asset Management Industry

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

* The bar in red indicates where Canoe EITome Fund's Asset Turnover falls into.


TSX:EIT.UN
49GF Score
Canoe EIT Income Fund TSX:EIT.UN
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canoe EITome Fund Asset Turnover Calculation

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

Canoe EITome Fund's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=387.762/( (3093.083+3317.901)/ 2 )
=387.762/3205.492
=0.12

Canoe EITome Fund's Asset Turnover for the quarter that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2025 )/( (Total Assets (Q: Jun. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=205.279/( (3234.929+3317.901)/ 2 )
=205.279/3276.415
=0.06

* 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.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.06 mean?
Canoe EITome Fund (TSX:EIT.UN) has a Asset Turnover of 0.06 as of Dec. 2025. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Canoe EITome Fund and its competitors.
Is Canoe EITome Fund's Asset Turnover too high?
Canoe EITome Fund's current Asset Turnover is 0.06. Overall, Canoe EITome Fund has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canoe EITome Fund's Asset Turnover compare to BLK and BX?
Canoe EITome Fund's Asset Turnover of 0.06 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 Asset Turnover for an Asset Management company?
A good Asset Turnover depends on the Asset Management industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Canoe EITome Fund and its competitors. Canoe EITome Fund's current Asset Turnover is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoe EITome Fund stock overvalued right now?
Based on GuruFocus' analysis, Canoe EITome Fund (TSX:EIT.UN) is currently considered Modestly Overvalued. The stock's GF Value™ is C$14.16, compared to a current price of C$17.16 — trading 21.2% above its estimated fair value. The current Asset Turnover is 0.06. Canoe EITome Fund's overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Canoe EITome Fund (TSX:EIT.UN), the current Asset Turnover is 0.06 as of Dec. 2025. 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.

Is Canoe EITome Fund (TSX:EIT.UN) Overvalued in 2026?

Based on GuruFocus' analysis, Canoe EITome Fund stock appears to be overvalued. The current stock price of C$17.16 is trading 21.2% above its estimated GF Value™ of C$14.16. GuruFocus considers Canoe EITome Fund to be Modestly Overvalued.

Key valuation signals for TSX:EIT.UN:

  • Asset Turnover: 0.06
  • GF Value™: C$14.16 vs. price of C$17.16 (21.2% above fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the TSX:EIT.UN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Canoe EITome Fund Business Description

Address 421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9
Canoe EIT Income Fund is a Canadian closed-end investment trust. Its investment objective is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio of high quality securities. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.
49GF Score

Get the complete analysis for TSX:EIT.UN

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$17.16
Price
C$14.16
GF Value