Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Total Assets : $290.15 Mil (As of Nov. 2023)

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What is Flaherty & Crumrine Total Return Fund Total Assets?

Flaherty & Crumrine Total Return Fund's Total Assets for the quarter that ended in Nov. 2023 was $290.15 Mil.

During the past 12 months, Flaherty & Crumrine Total Return Fund's average Total Assets Growth Rate was -3.10% per year. During the past 3 years, the average Total Assets Growth Rate was -4.10% per year. During the past 5 years, the average Total Assets Growth Rate was -1.00% per year.

During the past 7 years, Flaherty & Crumrine Total Return Fund's highest 3-Year average Total Assets Growth Rate was 5.30%. The lowest was -4.10%. And the median was -1.15%.

Total Assets is connected with ROA %. Flaherty & Crumrine Total Return Fund's annualized ROA % for the quarter that ended in Nov. 2023 was 7.30%. Total Assets is also linked to Revenue through Asset Turnover. Flaherty & Crumrine Total Return Fund's Asset Turnover for the quarter that ended in Nov. 2023 was 0.04.

Flaherty & Crumrine Total Return Fund Total Assets Historical Data

The historical data trend for Flaherty & Crumrine Total Return Fund'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.

Flaherty & Crumrine Total Return Fund Total Assets Chart

Flaherty & Crumrine Total Return Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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325.24

328.57

349.60

299.31

290.15

Flaherty & Crumrine Total Return Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial								349.60	316.58	299.31	284.95	290.15

Flaherty & Crumrine Total Return Fund 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.

Flaherty & Crumrine Total Return Fund's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	170.692	+	119.454
	=	290.15

Flaherty & Crumrine Total Return Fund's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	170.692	+	119.454
	=	290.15

Flaherty & Crumrine Total Return Fund (NYSE:FLC) Total Assets Explanation

Total Assets is connected with ROA %.

Flaherty & Crumrine Total Return Fund's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	20.994	/	( (284.947	+	290.146)	/ 2 )
	=	20.994	/	287.5465
	=	7.30 %

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

Flaherty & Crumrine Total Return Fund's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	10.896	/	( (284.947	+	290.146)	/ 2 )
=	10.896	/	287.5465
=	0.04

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.

Flaherty & Crumrine Total Return Fund Total Assets Related Terms

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Flaherty & Crumrine Total Return Fund (Flaherty & Crumrine Total Return Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Total Return Fund Inc (NYSE:FLC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101

Website

https://www.preferredincome.com

Flaherty & Crumrine Total Return Fund Inc is a diversified, closed-end investment management company. Its investment objective is to provide its common shareholders with a high current income. The fund's secondary investment objective is capital appreciation.

Executives

Robert F Wulf	director	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Karen Hanovice Hogan	director	301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Chad Conwell	officer: VP & Asst. Compliance Officer	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Bradford S Stone	officer: Vice President, Asst Treasurer	47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert M Ettinger	officer: President	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc.	10 percent owner	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc.	10 percent owner	4 WORLD FINANCIAL CTR, NEW YORK NY 10080
Stanley Morgan	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Christopher Douglas Ryan	officer: Vice President	310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Laurie C Lodolo	officer: Asst CCO, Asst Treas, Asst Sec	301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc	other: Investment Adviser	301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Peter C Stimes	officer: VP, CFO, Chief Accounting Off.	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Donald F Crumrine	director, officer: Chief Executive Officer	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert E Chadwick	officer: VP, Secretary, Asst. Treasurer	301 E COLORADO BLVD STE 720, PASADENA CA 91101