The Western Investment Company of Canada (TSXV:WI) Total Assets : C$19.16 Mil (As of Mar. 2024)

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What is The Western Investment Company of Canada Total Assets?

The Western Investment Company of Canada's Total Assets for the quarter that ended in Mar. 2024 was C$19.16 Mil.

During the past 12 months, The Western Investment Company of Canada's average Total Assets Growth Rate was 2.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1.10% per year. During the past 5 years, the average Total Assets Growth Rate was -0.30% per year.

During the past 9 years, The Western Investment Company of Canada's highest 3-Year average Total Assets Growth Rate was 74.60%. The lowest was -5.00%. And the median was 1.20%.

Total Assets is connected with ROA %. The Western Investment Company of Canada's annualized ROA % for the quarter that ended in Mar. 2024 was -9.74%. Total Assets is also linked to Revenue through Asset Turnover. The Western Investment Company of Canada's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

The Western Investment Company of Canada Total Assets Historical Data

The historical data trend for The Western Investment Company of Canada'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.

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The Western Investment Company of Canada Total Assets Chart

The Western Investment Company of Canada Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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21.81

18.99

18.49

18.62

19.86

The Western Investment Company of Canada Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															18.66	19.69	19.91	19.86	19.16

The Western Investment Company of Canada 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.

The Western Investment Company of Canada's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	12.78	+	7.084
	=	19.86

The Western Investment Company of Canada's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	12.305	+	6.852
	=	19.16

The Western Investment Company of Canada (TSXV:WI) Total Assets Explanation

Total Assets is connected with ROA %.

The Western Investment Company of Canada's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1.9	/	( (19.864	+	19.157)	/ 2 )
	=	-1.9	/	19.5105
	=	-9.74 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

The Western Investment Company of Canada's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.038	/	( (19.864	+	19.157)	/ 2 )
=	0.038	/	19.5105
=	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.

The Western Investment Company of Canada Total Assets Related Terms

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The Western Investment Company of Canada (TSXV:WI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Western Investment Company of Canada Ltd (TSXV:WI) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

1010 - 24th Street SE, High River, AB, CAN, T1V 2A7

Website

https://www.winv.ca

The Western Investment Company of Canada Ltd is a Canada-based investment company. Its purpose is to create long-term wealth for shareholders by building and maintaining a portfolio of stable and profitable Western-based companies and helping them to grow and prosper. The company's strategy is to acquire a diversified portfolio of established Western Canadian private businesses and create value through the identification, acquisition, and long-term ownership of private businesses with sustained cash flows and potential for organic growth.

Executives

Stacey Cross

Senior Officer

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