Commerce Split Corp
New Commerce Split Fund is an equity mutual fund launched and managed by Quadravest Capital Management Inc. The fund invests in the equity shares of Canadian Imperial Bank of Commerce. It was formerly known as Commerce Split Fund. New Commerce Split Fund was launched on November 27, 2006 and is domiciled in Canada.
Commerce Split Corp (YCM) - Total Assets
Latest total assets as of May 2024: CA$11.00 Million CAD
Based on the latest financial reports, Commerce Split Corp (YCM) holds total assets worth CA$11.00 Million CAD as of May 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Commerce Split Corp - Total Assets Trend (2007–2023)
This chart illustrates how Commerce Split Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Commerce Split Corp - Asset Composition Analysis
Current Asset Composition (November 2023)
Commerce Split Corp's total assets of CA$11.00 Million consist of 7.7% current assets and 92.4% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 7.7% |
| Accounts Receivable | CA$424.00 | 0.0% |
| Inventory | CA$9.73 Million | 100.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2007–2023)
This chart illustrates how Commerce Split Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Commerce Split Corp's current assets represent 7.7% of total assets in 2023, an increase from 4.0% in 2007.
- Cash Position: Cash and equivalents constituted 7.7% of total assets in 2023, up from 3.9% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is inventory at 100.0% of total assets.
Commerce Split Corp Competitors by Total Assets
Key competitors of Commerce Split Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bexil Cp
PINK:BXLC
|
USA | $29.44 Million |
|
Norte Grande
SN:NORTEGRAN
|
Chile | CL$2.91 Billion |
|
BlackRock Capital Allocation Trust
NYSE:BCAT
|
USA | $1.87 Billion |
|
Big Tech 50 R&D-Limited Partnership
TA:BIGT
|
Israel | ILA14.08 Million |
|
Zhuhai Huajin Capital Co Ltd
SHE:000532
|
China | CN¥2.38 Billion |
|
Shaanxi International Trust Co Ltd
SHE:000563
|
China | CN¥29.45 Billion |
|
Sichuan Shuangma Cement Co Ltd
SHE:000935
|
China | CN¥9.30 Billion |
|
Sk Securities
KO:001510
|
Korea | ₩7.28 Trillion |
Commerce Split Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Commerce Split Corp generates -0.09x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Commerce Split Corp is currently not profitable relative to its asset base.
Commerce Split Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 5.15 | 10.62 | 185.60 |
| Quick Ratio | 5.15 | 10.62 | 185.60 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$209.43K | CA$ 485.14K | CA$ 16.84 Million |
Commerce Split Corp - Advanced Valuation Insights
This section examines the relationship between Commerce Split Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.83 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -14.7% |
| Total Assets | CA$9.73 Million |
| Market Capitalization | $55.59K USD |
Valuation Analysis
Below Book Valuation: The market values Commerce Split Corp's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Commerce Split Corp's assets decreased by 14.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Commerce Split Corp (2007–2023)
The table below shows the annual total assets of Commerce Split Corp from 2007 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-11-30 | CA$9.73 Million | -14.73% |
| 2022-11-30 | CA$11.41 Million | -11.98% |
| 2021-11-30 | CA$12.96 Million | +21.49% |
| 2020-11-30 | CA$10.67 Million | -43.26% |
| 2019-11-30 | CA$18.80 Million | +0.91% |
| 2018-11-30 | CA$18.63 Million | -10.38% |
| 2017-11-30 | CA$20.79 Million | +7.34% |
| 2016-11-30 | CA$19.37 Million | -0.49% |
| 2015-11-30 | CA$19.47 Million | -45.59% |
| 2014-11-30 | CA$35.78 Million | +10.16% |
| 2013-11-30 | CA$32.48 Million | +11.41% |
| 2012-11-30 | CA$29.15 Million | -5.07% |
| 2011-11-30 | CA$30.71 Million | -12.46% |
| 2010-11-30 | CA$35.08 Million | -40.49% |
| 2009-11-30 | CA$58.94 Million | -23.89% |
| 2008-11-30 | CA$77.45 Million | -45.55% |
| 2007-11-30 | CA$142.23 Million | -- |