Advent Convertible &ome Fund (Advent Convertible &ome Fund) Total Assets : $733.50 Mil (As of Oct. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Advent Convertible &ome Fund Total Assets?

Advent Convertible &ome Fund's Total Assets for the quarter that ended in Oct. 2023 was $733.50 Mil.

During the past 12 months, Advent Convertible &ome Fund's average Total Assets Growth Rate was -6.40% per year. During the past 3 years, the average Total Assets Growth Rate was -6.90% per year. During the past 5 years, the average Total Assets Growth Rate was -5.30% per year.

During the past 7 years, Advent Convertible &ome Fund's highest 3-Year average Total Assets Growth Rate was 15.80%. The lowest was -6.90%. And the median was -2.20%.

Total Assets is connected with ROA %. Advent Convertible &ome Fund's annualized ROA % for the quarter that ended in Oct. 2023 was -7.61%. Total Assets is also linked to Revenue through Asset Turnover. Advent Convertible &ome Fund's Asset Turnover for the quarter that ended in Oct. 2023 was -0.04.

Advent Convertible &ome Fund Total Assets Historical Data

The historical data trend for Advent Convertible &ome 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.

Advent Convertible &ome Fund Total Assets Chart

Advent Convertible &ome Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

Get a 7-Day Free Trial

969.14

907.77

1,043.41

783.34

733.50

Advent Convertible &ome Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Assets	Get a 7-Day Free Trial								1,043.41	884.84	783.34	787.92	733.50

Advent Convertible &ome 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.

Advent Convertible &ome Fund'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 )
	=	373.449	+	360.047
	=	733.50

Advent Convertible &ome Fund'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 )
	=	373.449	+	360.047
	=	733.50

Advent Convertible &ome Fund (NYSE:AVK) Total Assets Explanation

Total Assets is connected with ROA %.

Advent Convertible &ome Fund'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 )
	=	-57.876	/	( (787.918	+	733.496)	/ 2 )
	=	-57.876	/	760.707
	=	-7.61 %

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.

Advent Convertible &ome Fund'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 )
=	-27.227	/	( (787.918	+	733.496)	/ 2 )
=	-27.227	/	760.707
=	-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.

Advent Convertible &ome Fund Total Assets Related Terms

Thank you for viewing the detailed overview of Advent Convertible &ome Fund's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Advent Convertible &ome Fund (Advent Convertible &ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent Convertible & Income Fund (NYSE:AVK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Seventh Avenue, 31st Floor, New York, NY, USA, 10019

Website

http://www.guggenheiminvestments.com

Advent Convertible & Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.

Executives

Tracy V Maitland	officer: President, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Nancy E. Stuebe	director, other: Trustee	227 W MONROE STREET, CHICAGO IL 60606
Advent Capital Management /de/	other: Investment Manager	888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Stephen Ellwood	officer: CCO & Secretary	888 SEVENTH STREET, 31ST FLOOR, NEW YORK NY 10019
Olin Kathleen Capital Management	officer: CCO and Secretary	888 7TH AVENUE 31ST FLOOR, NEW YORK NY 10019
Randall C Barnes	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60187
Gerald L Seizert	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael A Smart	other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Derek Medina	director	ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Tony Huang	officer: V.P. & Assistant Secretary	227 WEST MONROE STREET, CHICAGO IL 60606
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Daniel Black	director, other: Trustee	C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Ronald Nyberg	director	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko	other: Managing Director	1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020