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Nuveen Seniorome Fund ROA %

: 5.88% (As of Jul. 2021)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nuveen Seniorome Fund's annualized Net Income for the quarter that ended in Jul. 2021 was $22.90 Mil. Nuveen Seniorome Fund's average Total Assets over the quarter that ended in Jul. 2021 was $389.22 Mil. Therefore, Nuveen Seniorome Fund's annualized ROA % for the quarter that ended in Jul. 2021 was 5.88%.

The historical rank and industry rank for Nuveen Seniorome Fund's ROA % or its related term are showing as below:

NYSE:NSL' s ROA % Range Over the Past 10 Years
Min: -6.27   Med: 3.46   Max: 9.73
Current: 9.64

-6.27
9.73

During the past 5 years, Nuveen Seniorome Fund's highest ROA % was 9.73%. The lowest was -6.27%. And the median was 3.46%.

NYSE:NSL's ROA % is ranked lower than
99.99% of the 81 Companies
in the Asset Management industry.

( Industry Median: 2.12 vs. NYSE:NSL: 9.64 )

Nuveen Seniorome Fund ROA % Historical Data

The historical data trend for Nuveen Seniorome 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.

Nuveen Seniorome Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21
ROA %
5.87 3.46 1.06 -6.27 9.73

Nuveen Seniorome Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.40 2.96 -15.63 13.53 5.88

Competitive Comparison

For the Asset Management subindustry, Nuveen Seniorome 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.

   

Nuveen Seniorome Fund ROA % Distribution

For the Asset Management industry and Financial Services sector, Nuveen Seniorome Fund's ROA % distribution charts can be found below:

* The bar in red indicates where Nuveen Seniorome Fund's ROA % falls into.



Nuveen Seniorome Fund ROA % Calculation

Nuveen Seniorome Fund's annualized ROA % for the fiscal year that ended in Jul. 2021 is calculated as:

ROA %=Net Income (A: Jul. 2021 )/( (Total Assets (A: Jul. 2020 )+Total Assets (A: Jul. 2021 ))/ count )
=36.332/( (352.227+394.8)/ 2 )
=36.332/373.5135
=9.73 %

Nuveen Seniorome Fund's annualized ROA % for the quarter that ended in Jul. 2021 is calculated as:

ROA %=Net Income (Q: Jul. 2021 )/( (Total Assets (Q: Jan. 2021 )+Total Assets (Q: Jul. 2021 ))/ count )
=22.896/( (383.641+394.8)/ 2 )
=22.896/389.2205
=5.88 %

* 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 (Jul. 2021) net income data. ROA % is displayed in the 30-year financial page.


Nuveen Seniorome Fund  (NYSE:NSL) 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: Jul. 2021 )
=Net Income/Total Assets
=22.896/389.2205
=(Net Income / Revenue)*(Revenue / Total Assets)
=(22.896 / 23.36)*(23.36 / 389.2205)
=Net Margin %*Asset Turnover
=98.01 %*0.06
=5.88 %

Note: The Net Income data used here is two times the semi-annual (Jul. 2021) net income data. The Revenue data used here is two times the semi-annual (Jul. 2021) 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.


Nuveen Seniorome Fund ROA % Related Terms

Thank you for viewing the detailed overview of Nuveen Seniorome Fund's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Nuveen Seniorome Fund Business Description

Nuveen Seniorome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Senior Income Fund is a diversified closed-end investment company. Its investment objective is to achieve a high level of current income, consistent with capital preservation. The fund invests primarily in adjustable rate U.S. dollar-denominated secured Senior Loans.
Executives
Morgan Deann officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR NEW YORK NY 10281
Meissner Jon Scott officer: Vice President 333 W WACKER DRIVE STE 3400 CHICAGO IL 60606
Longerstaey Jacques M officer: Vice President 333 WEST WACKER DRIVE C/O NUVEEN STE 3400 CHICAGO IL 60606
Lockhart Brian J officer: Vice President 333 WEST WACKER DRIVE C/O NUVEEN STE 3400 CHICAGO IL 60606
Rhee Jenny Y other: Portfolio Manager C/O NUVEEN INVESTMENTS 333 W. WACKER DRIVE CHICAGO IL 60606
Wickerham E. Scott officer: Vice President C/O NUVEEN STE 3400 CHICAGO IL 60606
Caraher Scott C. other: Portfolio Manager C/O NUVEEN INVESTMENTS 333 W. WACKER DRIVE CHICAGO IL 60606
Meyers William T. officer: Vice President C/O NUVEEN 333 W. WACKER DRIVE CHICAGO IL 60606
Winget Demark L officer: Vice President C/O NUVEEN INVESTMENTS 333 W WACKER DRIVE CHICAGO IL 60606
Jones Nathaniel T. officer: Vice President and Treasurer C/O NUVEEN 333 W. WACKER DRIVE STE 3400 CHICAGO IL 60606
Perry Michael A officer: Vice President 101 PARK AVENUE SUITE 1400 OKLAHOMA CITY OK 73102
Siffermann William A officer: Vice President C/O NUVEEN 333 W. WACKER DRIVE CHICAGO IL 60606
Robert Young L other: Trustee 1111 POLARIS PARKWAY COLUMBUS OH 43240
Citigroup Inc 10 percent owner 388 GREENWICH STREET NEW YORK NY 10013
Rohrbacher Christopher M. officer: Vice President 333 W. WACKER DRIVE C/O NUVEEN INVESTMENTS CHICAGO IL 60606

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