Premiumome (TSX:PIC.A) Total Assets : C$237.16 Mil (As of Oct. 2023)

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What is Premiumome Total Assets?

Premiumome's Total Assets for the quarter that ended in Oct. 2023 was C$237.16 Mil.

During the past 12 months, Premiumome's average Total Assets Growth Rate was -9.40% per year. During the past 3 years, the average Total Assets Growth Rate was 2.50% per year. During the past 5 years, the average Total Assets Growth Rate was 1.70% per year. During the past 10 years, the average Total Assets Growth Rate was 1.60% per year.

During the past 13 years, Premiumome's highest 3-Year average Total Assets Growth Rate was 12.80%. The lowest was -25.60%. And the median was 1.40%.

Total Assets is connected with ROA %. Premiumome's annualized ROA % for the quarter that ended in Oct. 2023 was -26.09%. Total Assets is also linked to Revenue through Asset Turnover. Premiumome's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Premiumome Total Assets Historical Data

The historical data trend for Premiumome'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.

* Premium members only.

Premiumome Total Assets Chart

Premiumome Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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278.86

215.50

303.39

256.84

237.16

Premiumome Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Assets	Get a 7-Day Free Trial															303.39	287.06	256.84	256.27	237.16

Premiumome 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.

Premiumome's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	7.133	+	230.023
	=	237.16

Premiumome's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	7.133	+	230.023
	=	237.16

Premiumome (TSX:PIC.A) Total Assets Explanation

Total Assets is connected with ROA %.

Premiumome's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Apr. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-64.372	/	( (256.269	+	237.156)	/ 2 )
	=	-64.372	/	246.7125
	=	-26.09 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2023) 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.

Premiumome's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Apr. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0	/	( (256.269	+	237.156)	/ 2 )
=	0	/	246.7125
=	0.00

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.

Premiumome Total Assets Related Terms

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Premiumome (TSX:PIC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premium Income Corp (TSX:PIC.A) » Definitions » Total Assets

Comparable Companies

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PIC.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Standard Life Centre, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The fund mainly invests in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank and common shares of National Bank of Canada.

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