>
Switch to:

Virtus Dividend, Interest & Premium Strategy Fund ROA %

: -1.90% (As of Jan. 2022)
View and export this data going back to . Start your Free Trial

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Virtus Dividend, Interest & Premium Strategy Fund's annualized Net Income for the quarter that ended in Jan. 2022 was $-30.3 Mil. Virtus Dividend, Interest & Premium Strategy Fund's average Total Assets over the quarter that ended in Jan. 2022 was $1,595.9 Mil. Therefore, Virtus Dividend, Interest & Premium Strategy Fund's annualized ROA % for the quarter that ended in Jan. 2022 was -1.90%.

The historical rank and industry rank for Virtus Dividend, Interest & Premium Strategy Fund's ROA % or its related term are showing as below:

NFJ' s ROA % Range Over the Past 10 Years
Min: -6.19   Med: 11.77   Max: 12.68
Current: 12.42

During the past 5 years, Virtus Dividend, Interest & Premium Strategy Fund's highest ROA % was 12.68%. The lowest was -6.19%. And the median was 11.77%.

NFJ's ROA % is ranked better than
64.37% of 1715 companies
in the Asset Management industry
Industry Median: 6.67 vs NFJ: 12.42

Virtus Dividend, Interest & Premium Strategy Fund ROA % Historical Data

The historical data trend for Virtus Dividend, Interest & Premium Strategy Fund's ROA % 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.

Virtus Dividend, Interest & Premium Strategy Fund Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22
ROA %
11.18 -6.19 12.16 11.77 12.68

Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.97 -3.54 27.44 27.12 -1.90

Competitive Comparison

For the Asset Management subindustry, Virtus Dividend, Interest & Premium Strategy Fund's ROA %, along with its competitors' market caps and ROA % 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.

   

Virtus Dividend, Interest & Premium Strategy Fund ROA % Distribution

For the Asset Management industry and Financial Services sector, Virtus Dividend, Interest & Premium Strategy Fund's ROA % distribution charts can be found below:

* The bar in red indicates where Virtus Dividend, Interest & Premium Strategy Fund's ROA % falls into.



Virtus Dividend, Interest & Premium Strategy Fund ROA % Calculation

Virtus Dividend, Interest & Premium Strategy Fund's annualized ROA % for the fiscal year that ended in Jan. 2022 is calculated as:

ROA %=Net Income (A: Jan. 2022 )/( (Total Assets (A: Jan. 2021 )+Total Assets (A: Jan. 2022 ))/ count )
=192.027/( (1446.048+1582.146)/ 2 )
=192.027/1514.097
=12.68 %

Virtus Dividend, Interest & Premium Strategy Fund's annualized ROA % for the quarter that ended in Jan. 2022 is calculated as:

ROA %=Net Income (Q: Jan. 2022 )/( (Total Assets (Q: Jul. 2021 )+Total Assets (Q: Jan. 2022 ))/ count )
=-30.264/( (1609.667+1582.146)/ 2 )
=-30.264/1595.9065
=-1.90 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Jan. 2022) net income data. ROA % is displayed in the 30-year financial page.


Virtus Dividend, Interest & Premium Strategy Fund  (NYSE:NFJ) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Jan. 2022 )
=Net Income/Total Assets
=-30.264/1595.9065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-30.264 / -29.12)*(-29.12 / 1595.9065)
=Net Margin %*Asset Turnover
=103.93 %*-0.0182
=-1.90 %

Note: The Net Income data used here is two times the semi-annual (Jan. 2022) net income data. The Revenue data used here is two times the semi-annual (Jan. 2022) 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

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Virtus Dividend, Interest & Premium Strategy Fund ROA % Related Terms

Thank you for viewing the detailed overview of Virtus Dividend, Interest & Premium Strategy Fund's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Dividend, Interest & Premium Strategy Fund Business Description

Virtus Dividend, Interest & Premium Strategy Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. Its primary investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.
Executives
Mowrey John R. other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Oliver Thomas W Jr other: Affiliated Person 2121 SAN JACINTO DRIVE DALLAS TX 75201
Pushpaharan Gem other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Viggiano John other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Cogan Sarah E director 1633 BROADWAY NEW YORK NY 10019
Macleod James S director 250 E KILBOURN AVE MILWAUKEE WI 53202
Parker Jeffrey D other: See Remarks 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
Holt Erick director 1633 BROADWAY NEW YORK NY 10019
Ruckman Craig officer: Assistant Secretary 1633 BROADWAY NEW YORK NY 10019
Rappaport Alan director C/O PIMCO 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660
Magnuson Paul A other: Portfolio Manager 2121 SAN JACINTO, SUITE 1840 DALLAS TX 75201
Mildner Heiko other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Thompson Kathleen C. other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Fischer Ben J other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Grau William other: SEE REMARKS C/O ALLIANZ GLOBAL INVESTORS U.S. LLC 1633 BROADWAY NEW YORK NY 10019

Virtus Dividend, Interest & Premium Strategy Fund Headlines

From GuruFocus

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)