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Neuberger Berman Intermediate Muni Fund (Neuberger Berman Intermediate Muni Fund) Asset Turnover : -0.04 (As of Oct. 2023)


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What is Neuberger Berman Intermediate Muni Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Neuberger Berman Intermediate Muni Fund's Revenue for the six months ended in Oct. 2023 was $-16.46 Mil. Neuberger Berman Intermediate Muni Fund's Total Assets for the quarter that ended in Oct. 2023 was $464.08 Mil. Therefore, Neuberger Berman Intermediate Muni Fund's Asset Turnover for the quarter that ended in Oct. 2023 was -0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Neuberger Berman Intermediate Muni Fund's annualized ROE % for the quarter that ended in Oct. 2023 was -15.35%. It is also linked to ROA % through Du Pont Formula. Neuberger Berman Intermediate Muni Fund's annualized ROA % for the quarter that ended in Oct. 2023 was -8.97%.


Neuberger Berman Intermediate Muni Fund Asset Turnover Historical Data

The historical data trend for Neuberger Berman Intermediate Muni Fund'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.

Neuberger Berman Intermediate Muni Fund Asset Turnover Chart

Neuberger Berman Intermediate Muni Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.02 0.04 -0.13 0.02

Neuberger Berman Intermediate Muni Fund Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.08 -0.06 0.07 -0.04

Competitive Comparison of Neuberger Berman Intermediate Muni Fund's Asset Turnover

For the Asset Management subindustry, Neuberger Berman Intermediate Muni Fund'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.


Neuberger Berman Intermediate Muni Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Neuberger Berman Intermediate Muni Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Neuberger Berman Intermediate Muni Fund's Asset Turnover falls into.



Neuberger Berman Intermediate Muni Fund Asset Turnover Calculation

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

Neuberger Berman Intermediate Muni Fund's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=9.975/( (375.797+554.688)/ 2 )
=9.975/465.2425
=0.02

Neuberger Berman Intermediate Muni Fund's Asset Turnover for the quarter that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=-16.462/( (373.464+554.688)/ 2 )
=-16.462/464.076
=-0.04

* 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.


Neuberger Berman Intermediate Muni Fund  (AMEX:NBH) Asset Turnover Explanation

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

Neuberger Berman Intermediate Muni Fund's annulized ROE % for the quarter that ended in Oct. 2023 is

ROE %**(Q: Oct. 2023 )
=Net Income/Total Stockholders Equity
=-41.628/271.2095
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-41.628 / -32.924)*(-32.924 / 464.076)*(464.076/ 271.2095)
=Net Margin %*Asset Turnover*Equity Multiplier
=126.44 %*-0.0709*1.7111
=ROA %*Equity Multiplier
=-8.97 %*1.7111
=-15.35 %

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

Neuberger Berman Intermediate Muni Fund's annulized ROA % for the quarter that ended in Oct. 2023 is

ROA %(Q: Oct. 2023 )
=Net Income/Total Assets
=-41.628/464.076
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-41.628 / -32.924)*(-32.924 / 464.076)
=Net Margin %*Asset Turnover
=126.44 %*-0.0709
=-8.97 %

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


Neuberger Berman Intermediate Muni Fund Asset Turnover Related Terms

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Neuberger Berman Intermediate Muni Fund (Neuberger Berman Intermediate Muni Fund) Business Description

Traded in Other Exchanges
N/A
Address
c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
Neuberger Berman Intermediate Muni Fund is a closed-end management investment company that invests mainly in municipal securities. It aims to provide common stockholders a high level of current income exempt from Federal income tax.
Executives
Franklyn E. Smith director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Ami Kaplan director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Bradley Tank other: CEO of Affil. of Inv. Mgr. C/O LEHMAN BROTHERS ASSET MANAGEMENT, 190 SOUTH LASALLE STREET, CHICAGO IL 60603-3421
Faith Colish other: Retired Director C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180
James G. Stavridis director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Deborah C. Mclean director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Marc Gary director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Michael J. Cosgrove director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Brian Patrick Kerrane officer: Chief Operating Officer C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Stephen Blake Miller other: Portfolio Manager C/O NEUBERGER BERMAN LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
William Braverman other: Executive Officer of Affiliate C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158