Blackrock Municipal Bond Trust (Blackrock Municipal Bond Trust) Asset Turnover : -0.02 (As of Aug. 2020)

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What is Blackrock Municipal Bond Trust Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Blackrock Municipal Bond Trust's Revenue for the six months ended in Aug. 2020 was $-4.62 Mil. Blackrock Municipal Bond Trust's Total Assets for the quarter that ended in Aug. 2020 was $293.31 Mil. Therefore, Blackrock Municipal Bond Trust's Asset Turnover for the quarter that ended in Aug. 2020 was -0.02.

Asset Turnover is linked to ROE % through Du Pont Formula. Blackrock Municipal Bond Trust's annualized ROE % for the quarter that ended in Aug. 2020 was -5.34%. It is also linked to ROA % through Du Pont Formula. Blackrock Municipal Bond Trust's annualized ROA % for the quarter that ended in Aug. 2020 was -3.22%.

Blackrock Municipal Bond Trust Asset Turnover Historical Data

The historical data trend for Blackrock Municipal Bond Trust'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.

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Blackrock Municipal Bond Trust Asset Turnover Chart

Blackrock Municipal Bond Trust Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Asset Turnover

-0.01

0.01

0.07

0.01

Blackrock Municipal Bond Trust Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20
Asset Turnover	Get a 7-Day Free Trial			0.01	0.01	0.06	0.03	-0.02

Competitive Comparison of Blackrock Municipal Bond Trust's Asset Turnover

For the Asset Management subindustry, Blackrock Municipal Bond Trust'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.

Blackrock Municipal Bond Trust's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Municipal Bond Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Blackrock Municipal Bond Trust's Asset Turnover falls into.

Blackrock Municipal Bond Trust Asset Turnover Calculation

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

Blackrock Municipal Bond Trust's Asset Turnover for the fiscal year that ended in Aug. 2020 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Aug. 2020 )	/	( (Total Assets (A: Aug. 2019 )	+	Total Assets (A: Aug. 2020 ))	/ count )
=	3.055	/	( (287.074	+	288.581)	/ 2 )
=	3.055	/	287.8275
=	0.01

Blackrock Municipal Bond Trust's Asset Turnover for the quarter that ended in Aug. 2020 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Aug. 2020 )	/	( (Total Assets (Q: Feb. 2020 )	+	Total Assets (Q: Aug. 2020 ))	/ count )
=	-4.62	/	( (298.048	+	288.581)	/ 2 )
=	-4.62	/	293.3145
=	-0.02

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.

Blackrock Municipal Bond Trust (NYSE:BBK) Asset Turnover Explanation

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

Blackrock Municipal Bond Trust's annulized ROE % for the quarter that ended in Aug. 2020 is

	ROE %^**		(Q: Aug. 2020 )
=	Net Income	/	Total Stockholders Equity
=	-9.456	/	177.049
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-9.456 / -9.24)	*	(-9.24 / 293.3145)	*	(293.3145/ 177.049)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	102.34 %	*	-0.0315	*	1.6567
=	ROA %	*	Equity Multiplier
=	-3.22 %	*	1.6567
=	-5.34 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2020) net income data. The Revenue data used here is two times the semi-annual (Aug. 2020) revenue data.

^** 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:

Blackrock Municipal Bond Trust's annulized ROA % for the quarter that ended in Aug. 2020 is

	ROA %		(Q: Aug. 2020 )
=	Net Income	/	Total Assets
=	-9.456	/	293.3145
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-9.456 / -9.24)	*	(-9.24 / 293.3145)
=	Net Margin %	*	Asset Turnover
=	102.34 %	*	-0.0315
=	-3.22 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2020) net income data. The Revenue data used here is two times the semi-annual (Aug. 2020) revenue data.

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.

Blackrock Municipal Bond Trust Asset Turnover Related Terms

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Blackrock Municipal Bond Trust (Blackrock Municipal Bond Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Municipal Bond Trust (NYSE:BBK) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

Blackrock Municipal Bond Trust is a diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular federal income tax. The trust invests in sectors such as health, transportation, education, utilities, housing and other.

Executives

J.p. Morgan Taxable Putters/taxable Drivers, Series T0014 Trust	10 percent owner	C/O U.S. BANK TRUST NATIONAL ASSOCIATION 100 WALL STREET-SUITE 1600 NEW YORK NY 10005
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
Henry Gabbay	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Kevin Maloney	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Jaeckel Theodore R Jr	other: Portfolio Manager	800SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Cynthia Egan	director	7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Peter Hayes	other: Officer of the Advisor	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert Crothers	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Janey Ahn	officer: Secretary	55 EAST 52ND STREET, NEW YORK NY 10055