During the past 12 months, Nuveen Arizona Quality Municipalome Fund's average Total Assets Growth Rate was -2.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -4.90% per year.
During the past 5 years, the average Total Assets Growth Rate was -0.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 4.90% per year.
During the past 13 years, Nuveen Arizona Quality Municipalome Fund's highest 3-Year average Total Assets Growth Rate was 41.40%. The lowest was -4.90%. And the median was 1.80%.
* 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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Nuveen Arizona Quality Municipalome Fund Total Assets Chart
Nuveen Arizona Quality Municipalome Fund Annual Data
Nuveen Arizona Quality Municipalome 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.
* 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.
Nuveen Arizona Quality Municipalome Fund (NYSE:NAZ) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Aug. 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.
Nuveen Arizona Quality Municipalome Fund's Asset Turnover for the quarter that ended in Aug. 2023 is
* 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.
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.
Nuveen Arizona Quality Municipalome Fund Total Assets Related Terms
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Nuveen Arizona Quality Municipalome Fund (Nuveen Arizona Quality Municipalome Fund) Business Description
Nuveen Arizona Quality Municipal Income Fund is a closed-end management investment company. Its primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes. The fund's secondary objective is to enhance the portfolio value relative to the Arizona municipal bond market through investments in tax-exempt Arizona Municipal Obligations that, in the opinion of the Fund's investment adviser, are underrated or undervalued or that represent municipal market sectors that are undervalued.
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