* 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.
Competitive Comparison of MFS California Municipal Fund's Net Margin %
For the Asset Management subindustry, MFS California Municipal Fund's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MFS California Municipal Fund's Net Margin % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, MFS California Municipal Fund's Net Margin % distribution charts can be found below:
* The bar in red indicates where MFS California Municipal Fund's Net Margin % falls into.
MFS California Municipal Fund Net Margin % Calculation
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
* 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.
MFS California Municipal Fund (AMEX:CCA) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
MFS California Municipal Fund Net Margin % Related Terms
Thank you for viewing the detailed overview of MFS California Municipal Fund's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
MFS California Municipal Fund (MFS California Municipal Fund) Business Description
MFS California Municipal Fund is a closed-end fund. The fund's investment objective is to seek high current income exempt from federal income tax and California personal income tax as well as capital appreciation. It offers a dividend reinvestment and cash purchase plan that allows common shareholders to reinvest either all the distributions paid by the fund or only the long-term capital gains. The fund invests majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in debt securities the interest on which in the opinion of issuer counsel is exempt from federal regular income tax and California personal income tax. It invests the fund's assets primarily in municipal instruments.
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