Commerce Split Corp Net Assets

Latest as of May 2024: CA$1.96 Million CAD ≈ $1.42 Million USD

Commerce Split Corp net assets. Based on the latest financial reports, Commerce Split Corp (YCM) has net assets worth CA$1.96 Million CAD (≈ $1.42 Million USD) as of May 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$11.00 Million ≈ $7.96 Million USD) and total liabilities (CA$9.04 Million ≈ $6.54 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Commerce Split Corp (YCM) equity growth momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$1.96 Million
% of Total Assets	17.81%
Annual Growth Rate	-24.35%
5-Year Change	-73.97%
10-Year Change	-91.19%
Growth Volatility	123.91

Net Assets of Commerce Split Corp (2007–2023)

Net assets of Commerce Split Corp from 2007 to 2023. This chart illustrates how Commerce Split Corp's net assets have evolved over time, based on quarterly financial data. See Commerce Split Corp (YCM) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Commerce Split Corp (2007–2023)

The table below shows the annual net assets of Commerce Split Corp from 2007 to 2023. For live market cap and overall valuation, see YCM market cap overview.

Year	Net Assets	Change
2023-11-30	CA$627.49K ≈ $453.92K	-71.91%
2022-11-30	CA$2.23 Million ≈ $1.62 Million	-42.10%
2021-11-30	CA$3.86 Million ≈ $2.79 Million	+143.62%
2020-11-30	CA$1.58 Million ≈ $1.15 Million	-34.30%
2019-11-30	CA$2.41 Million ≈ $1.74 Million	+5.42%
2018-11-30	CA$2.29 Million ≈ $1.65 Million	-43.57%
2017-11-30	CA$4.05 Million ≈ $2.93 Million	+49.86%
2016-11-30	CA$2.70 Million ≈ $1.96 Million	+25.97%
2015-11-30	CA$2.15 Million ≈ $1.55 Million	-69.87%
2014-11-30	CA$7.13 Million ≈ $5.15 Million	+123.03%
2013-11-30	CA$3.19 Million ≈ $2.31 Million	+360.29%
2012-11-30	CA$694.12K ≈ $502.11K	+14912.57%
2011-11-30	CA$-4.69K ≈ $-3.39K	-102.57%
2010-11-30	CA$182.21K ≈ $131.81K	--
2009-11-30	CA$0.00 ≈ $0.00	--
2008-11-30	CA$0.00 ≈ $0.00	--
2007-11-30	CA$54.59 Million ≈ $39.49 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Commerce Split Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 2384683600.0% over the analyzed period, indicating profitable operations and earnings retention.

Commerce Split Corp Net Assets Breakdown (November 2023)

Commerce Split Corp net assets breakdown by equity component as of November 2023.

Component	Amount	Percentage
Other Components	CA$627.49K	100.00%
Total Equity	CA$627.49K	100.00%

Commerce Split Corp Competitors by Market Cap

The table below lists competitors of Commerce Split Corp ranked by their market capitalization.

Company	Market Cap
Newport Exploration V:NWX	$7.64 Million
Sanwil Holding SA WAR:SNW	$7.64 Million
Equity Story Group Ltd AU:EQS	$7.64 Million
Humax Holdings Co. Ltd KQ:028080	$7.65 Million
Dnonce Tech Bhd KLSE:7114	$7.63 Million
Fort Technology Inc. NASDAQ:FRTT	$7.63 Million
Akdeniz Yatirim Holding AS IS:AKYHO	$7.63 Million
Natural Health Trend NASDAQ:NHTC	$7.63 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Commerce Split Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2022 to 2023, total equity changed from 2,234,179 to 627,493, a change of -1,606,686 (-71.9%).
Net loss of 1,029,543 reduced equity.
Dividend payments of 577,143 reduced retained earnings.

Equity Change Factors (2022 to 2023)

Factor	Impact	Contribution
Net Income	CA$-1.03 Million	-164.07%
Dividends Paid	CA$577.14K	-91.98%
Total Change	CA$-	-71.91%

Book Value vs Market Value Analysis

This analysis compares Commerce Split Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 15.29x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 1.70x to 15.29x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-11-30	CA$6.30	CA$10.70	x
2008-11-30	CA$-8.86	CA$10.70	x
2009-11-30	CA$-9.05	CA$10.70	x
2010-11-30	CA$0.06	CA$10.70	x
2011-11-30	CA$0.00	CA$10.70	x
2012-11-30	CA$0.23	CA$10.70	x
2013-11-30	CA$1.15	CA$10.70	x
2014-11-30	CA$2.78	CA$10.70	x
2015-11-30	CA$1.25	CA$10.70	x
2016-11-30	CA$1.58	CA$10.70	x
2017-11-30	CA$2.45	CA$10.70	x
2018-11-30	CA$1.39	CA$10.70	x
2019-11-30	CA$1.49	CA$10.70	x
2020-11-30	CA$1.77	CA$10.70	x
2021-11-30	CA$4.30	CA$10.70	x
2022-11-30	CA$2.49	CA$10.70	x
2023-11-30	CA$0.70	CA$10.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Commerce Split Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -164.07%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: -0.09x
• Equity Multiplier: 15.50x
Recent ROE (-164.07%) is below the historical average (55.65%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	-36.53%	0.00%	-0.13x	2.61x	CA$-25.40 Million
2008	0.00%	0.00%	-0.68x	0.00x	CA$-45.67 Million
2010	676.12%	166.66%	0.02x	192.51x	CA$1.21 Million
2011	0.00%	82.40%	0.05x	0.00x	CA$1.21 Million
2012	100.68%	49.79%	0.05x	42.00x	CA$629.39K
2013	120.21%	92.40%	0.13x	10.17x	CA$3.52 Million
2014	68.39%	73.52%	0.19x	5.02x	CA$4.16 Million
2015	-51.85%	0.00%	-0.04x	9.07x	CA$-1.33 Million
2016	64.02%	86.94%	0.10x	7.16x	CA$1.46 Million
2017	60.79%	89.94%	0.13x	5.13x	CA$2.06 Million
2018	-26.29%	0.00%	-0.02x	8.15x	CA$-829.82K
2019	50.56%	88.46%	0.07x	7.80x	CA$977.74K
2020	-12.40%	-67.50%	0.03x	6.74x	CA$-354.72K
2021	80.45%	577.68%	0.04x	3.36x	CA$2.72 Million
2022	-39.59%	-102.65%	0.08x	5.11x	CA$-1.11 Million
2023	-164.07%	0.00%	-0.09x	15.50x	CA$-1.09 Million

Industry Comparison

This section compares Commerce Split Corp's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $17,012,400,815
Average return on equity (ROE) among peers: 9.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Commerce Split Corp (YCM)	CA$1.96 Million	-36.53%	4.61x	$7.63 Million
Aberdeen International Inc. (AAB)	$28.67 Million	6.52%	0.06x	$1.74 Million
Base Carbon Inc. (BCBN)	$52.38 Million	-2.92%	0.01x	$41.59 Million
Canadian Banc Corp (BK)	$98.80 Million	12.59%	0.84x	$524.68 Million
Brookfield Corporation (BN)	$165.38 Billion	0.39%	1.97x	$92.30 Billion
Sprott Physical Gold and Silver Trust (CEF)	$541.00 Million	7.88%	0.00x	$6.99 Billion
Canadian General Investments Ltd (CGI)	$1.16 Billion	15.01%	0.15x	$763.28 Million
CI Financial Corp (CIX)	$1.90 Billion	29.18%	0.74x	$3.32 Billion
Culico Metals Inc. (CLCO)	$0.00	0.00%	0.00x	$23.65 Million
Clairvest Group Inc. (CVG)	$234.44 Million	5.47%	0.29x	$842.02 Million
Cymbria Corporation (CYB)	$728.31 Million	16.15%	0.06x	$1.15 Billion

About Commerce Split Corp

TO:YCM Canada Asset Management

Market Cap

$7.63 Million

CA$10.55 Million CAD

Market Cap Rank

#27587 Global

#1161 in Canada

Share Price

CA$10.70

Change (1 day)

-5.73%

52-Week Range

CA$6.74 - CA$11.60

All Time High

CA$11.60