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Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Asset Turnover : 0.07 (As of Dec. 2023)


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What is Morgan Stanley Emerg Mkts Debt Fd Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Morgan Stanley Emerg Mkts Debt Fd's Revenue for the six months ended in Dec. 2023 was $10.99 Mil. Morgan Stanley Emerg Mkts Debt Fd's Total Assets for the quarter that ended in Dec. 2023 was $159.94 Mil. Therefore, Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Asset Turnover is linked to ROE % through Du Pont Formula. Morgan Stanley Emerg Mkts Debt Fd's annualized ROE % for the quarter that ended in Dec. 2023 was 13.90%. It is also linked to ROA % through Du Pont Formula. Morgan Stanley Emerg Mkts Debt Fd's annualized ROA % for the quarter that ended in Dec. 2023 was 13.34%.


Morgan Stanley Emerg Mkts Debt Fd Asset Turnover Historical Data

The historical data trend for Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover 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.

Morgan Stanley Emerg Mkts Debt Fd Asset Turnover Chart

Morgan Stanley Emerg Mkts Debt Fd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial 0.13 0.04 -0.02 -0.20 0.11

Morgan Stanley Emerg Mkts Debt Fd Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.24 0.04 0.04 0.07

Competitive Comparison of Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover

For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover falls into.



Morgan Stanley Emerg Mkts Debt Fd Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=17.502/( (158.706+159.776)/ 2 )
=17.502/159.241
=0.11

Morgan Stanley Emerg Mkts Debt Fd's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=10.988/( (160.101+159.776)/ 2 )
=10.988/159.9385
=0.07

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Morgan Stanley Emerg Mkts Debt Fd  (NYSE:MSD) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Morgan Stanley Emerg Mkts Debt Fd's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=21.342/153.485
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.342 / 21.976)*(21.976 / 159.9385)*(159.9385/ 153.485)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.12 %*0.1374*1.042
=ROA %*Equity Multiplier
=13.34 %*1.042
=13.90 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Morgan Stanley Emerg Mkts Debt Fd's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=21.342/159.9385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(21.342 / 21.976)*(21.976 / 159.9385)
=Net Margin %*Asset Turnover
=97.12 %*0.1374
=13.34 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

* 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.


Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Morgan Stanley Emerg Mkts Debt Fd Asset Turnover Related Terms

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Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Business Description

Traded in Other Exchanges
N/A
Address
522 Fifth Avenue, New York, NY, USA, 10036
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
Executives
Michael J Key officer: Vice President 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Kyle Lee officer: Portfolio Manager 1633 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Federico C Sequeda officer: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Ali Akbar Causer officer: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eddie Arthur Grier other: Advisory Board Member 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Frances Cashman other: Advisory Board Member MORGAN STANLEY INVESTMENT MANAGEMENT, 1633 BROADWAY 29TH FLOOR, NEW YORK NY 10019
Deidre Downes officer: Chief Compliance Officer 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Patricia A Maleski director C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Timothy J Knierim officer: CCO 100 MULBERRY STREET, NEWARK NJ 07102
Sahil Tandon officer: Portfolio Manager 522 5TH AVE, NEW YORK NY 10036
Jakki L. Haussler director 221 EAST FOURTH STREET, CINCINNATI OH 45202
Nancy Everett director 1812 PARK AVE, RICHMOND VA 23220
Nystedt Bo Jens Andreas other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Warren John Mar other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Joseph C Benedetti officer: Vice President C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281

Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Headlines