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Pacholder High Yield Fund (Pacholder High Yield Fund) Asset Turnover : 0.03 (As of Dec. 2016)


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What is Pacholder High Yield 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. Pacholder High Yield Fund's Revenue for the six months ended in Dec. 2016 was $4.53 Mil. Pacholder High Yield Fund's Total Assets for the quarter that ended in Dec. 2016 was $141.93 Mil. Therefore, Pacholder High Yield Fund's Asset Turnover for the quarter that ended in Dec. 2016 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Pacholder High Yield Fund's annualized ROE % for the quarter that ended in Dec. 2016 was 16.17%. It is also linked to ROA % through Du Pont Formula. Pacholder High Yield Fund's annualized ROA % for the quarter that ended in Dec. 2016 was 11.38%.


Pacholder High Yield Fund Asset Turnover Historical Data

The historical data trend for Pacholder High Yield 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.

Pacholder High Yield Fund Asset Turnover Chart

Pacholder High Yield Fund Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial 0.08 0.07 0.07 0.07 0.07

Pacholder High Yield Fund Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16
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 0.03 0.03 0.03 0.03 0.03

Competitive Comparison of Pacholder High Yield Fund's Asset Turnover

For the Asset Management subindustry, Pacholder High Yield 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.


Pacholder High Yield Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pacholder High Yield Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Pacholder High Yield Fund's Asset Turnover falls into.



Pacholder High Yield Fund Asset Turnover Calculation

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

Pacholder High Yield Fund's Asset Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2016 )/( (Total Assets (A: Dec. 2015 )+Total Assets (A: Dec. 2016 ))/ count )
=9.159/( (135.238+144.215)/ 2 )
=9.159/139.7265
=0.07

Pacholder High Yield Fund's Asset Turnover for the quarter that ended in Dec. 2016 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2016 )/( (Total Assets (Q: Jun. 2016 )+Total Assets (Q: Dec. 2016 ))/ count )
=4.53/( (139.647+144.215)/ 2 )
=4.53/141.931
=0.03

* 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.


Pacholder High Yield Fund  (AMEX:PHF) Asset Turnover Explanation

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

Pacholder High Yield Fund's annulized ROE % for the quarter that ended in Dec. 2016 is

ROE %**(Q: Dec. 2016 )
=Net Income/Total Stockholders Equity
=16.156/99.909
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(16.156 / 9.06)*(9.06 / 141.931)*(141.931/ 99.909)
=Net Margin %*Asset Turnover*Equity Multiplier
=178.32 %*0.0638*1.4206
=ROA %*Equity Multiplier
=11.38 %*1.4206
=16.17 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2016) net income data. The Revenue data used here is two times the semi-annual (Dec. 2016) 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:

Pacholder High Yield Fund's annulized ROA % for the quarter that ended in Dec. 2016 is

ROA %(Q: Dec. 2016 )
=Net Income/Total Assets
=16.156/141.931
=(Net Income / Revenue)*(Revenue / Total Assets)
=(16.156 / 9.06)*(9.06 / 141.931)
=Net Margin %*Asset Turnover
=178.32 %*0.0638
=11.38 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2016) net income data. The Revenue data used here is two times the semi-annual (Dec. 2016) 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.


Pacholder High Yield Fund Asset Turnover Related Terms

Thank you for viewing the detailed overview of Pacholder High Yield Fund's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Pacholder High Yield Fund (Pacholder High Yield Fund) Business Description

Traded in Other Exchanges
N/A
Address
Pacholder High Yield Fund, Inc.is a closed-end fund. Its objective is to provide a high level of total return through current income and capital appreciation by investing primarily in high yield, lower rated fixed income securities of domestic companies.
Executives
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882
Brian S Shlissel officer: President 270 PARK AVE, NEW YORK NY 10017-2014
Stanley Morgan 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Rivernorth Capital Management, Llc 10 percent owner 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Partners, L.p. 10 percent owner 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Institutional Partners, L.p. 10 percent owner 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Citigroup Inc 10 percent owner 388 GREENWICH STREET, NEW YORK NY 10013
Patricia A Maleski officer: President C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Young L Robert officer: President 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Laura S Melman officer: Assistant Treasurer 245 PARK AVENUE, NEW YORK NY 10167
Fergus Reid director MORGAN STANLEY INVESTMENT MANAGEMENT, 1221 AVE. OF THE AMERICAS - 22ND FLOOR, NEW YORK NY 10020
Mitchell M Merin other: Director - effective 1/1/2013 1585 BROADWAY, NEW YORK NY 10036

Pacholder High Yield Fund (Pacholder High Yield Fund) Headlines

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