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Blackrock Muniyield Pennsylvania Quality Fund (NYSE:MPA) ROE %

: -17.65% (As of Jul. 2022)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Blackrock Muniyield Pennsylvania Quality Fund's annualized net income for the quarter that ended in Jul. 2022 was $-34.63 Mil. Blackrock Muniyield Pennsylvania Quality Fund's average Total Stockholders Equity over the quarter that ended in Jul. 2022 was $196.19 Mil. Therefore, Blackrock Muniyield Pennsylvania Quality Fund's annualized ROE % for the quarter that ended in Jul. 2022 was -17.65%.

The historical rank and industry rank for Blackrock Muniyield Pennsylvania Quality Fund's ROE % or its related term are showing as below:

MPA' s ROE % Range Over the Past 10 Years
Min: -13.48   Med: 2.65   Max: 9.11
Current: -13.39

During the past 6 years, Blackrock Muniyield Pennsylvania Quality Fund's highest ROE % was 9.11%. The lowest was -13.48%. And the median was 2.65%.

MPA's ROE % is ranked worse than
67.47% of 1700 companies
in the Asset Management industry
Industry Median: -3.23 vs MPA: -13.39

Blackrock Muniyield Pennsylvania Quality Fund ROE % Historical Data

The historical data trend for Blackrock Muniyield Pennsylvania Quality Fund's ROE % 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.

Blackrock Muniyield Pennsylvania Quality Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
ROE %
Premium Member Only 1.61 9.11 3.68 7.36 -13.48

Blackrock Muniyield Pennsylvania Quality Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.74 8.61 6.09 -9.42 -17.65

Competitive Comparison

For the Asset Management subindustry, Blackrock Muniyield Pennsylvania Quality Fund's ROE %, along with its competitors' market caps and ROE % 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 Muniyield Pennsylvania Quality Fund ROE % Distribution

For the Asset Management industry and Financial Services sector, Blackrock Muniyield Pennsylvania Quality Fund's ROE % distribution charts can be found below:

* The bar in red indicates where Blackrock Muniyield Pennsylvania Quality Fund's ROE % falls in comparison to its industry or sector. The grey bar indicates the ROE %'s extreme value range as defined by GuruFocus.



Blackrock Muniyield Pennsylvania Quality Fund ROE % Calculation

Blackrock Muniyield Pennsylvania Quality Fund's annualized ROE % for the fiscal year that ended in Jul. 2022 is calculated as

ROE %=Net Income (A: Jul. 2022 )/( (Total Stockholders Equity (A: Jul. 2021 )+Total Stockholders Equity (A: Jul. 2022 ))/ count )
=-27.404/( (221.384+185.332)/ 2 )
=-27.404/203.358
=-13.48 %

Blackrock Muniyield Pennsylvania Quality Fund's annualized ROE % for the quarter that ended in Jul. 2022 is calculated as

ROE %=Net Income (Q: Jul. 2022 )/( (Total Stockholders Equity (Q: Jan. 2022 )+Total Stockholders Equity (Q: Jul. 2022 ))/ count )
=-34.626/( (207.04+185.332)/ 2 )
=-34.626/196.186
=-17.65 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Jul. 2022) net income data. ROE % is displayed in the 30-year financial page.


Blackrock Muniyield Pennsylvania Quality Fund  (NYSE:MPA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jul. 2022 )
=Net Income/Total Stockholders Equity
=-34.626/196.186
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-34.626 / -33.8)*(-33.8 / 324.9005)*(324.9005 / 196.186)
=Net Margin %*Asset Turnover*Equity Multiplier
=102.44 %*-0.104*1.6561
=ROA %*Equity Multiplier
=-10.65 %*1.6561
=-17.65 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jul. 2022 )
=Net Income/Total Stockholders Equity
=-34.626/196.186
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-34.626 / -34.626) * (-34.626 / -33.8) * (-33.8 / 324.9005) * (324.9005 / 196.186)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 102.44 % * -0.104 * 1.6561
=-17.65 %

Note: The net income data used here is two times the semi-annual (Jul. 2022) net income data. The Revenue data used here is two times the semi-annual (Jul. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Blackrock Muniyield Pennsylvania Quality Fund ROE % Related Terms

Thank you for viewing the detailed overview of Blackrock Muniyield Pennsylvania Quality Fund's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackrock Muniyield Pennsylvania Quality Fund (NYSE:MPA) Business Description

Blackrock Muniyield Pennsylvania Quality Fund logo
Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Muniyield Pennsylvania Quality Fund is a closed-end fund with investment objective is to provide shareholders with current income exempt from U.S. federal and Pennsylvania income taxes.
Executives
Christian Romaglino other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN, SUITE 1950, HOUSTON TX 77010
Td Securities (usa) Llc 10 percent owner ONE VANDERBILT AVENUE, NEW YORK NY 10017
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Henry Gabbay director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Michael Perilli other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Cynthia Egan director 7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055

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