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Nuveen Arizona Quality Municipalome Fund Return-on-Tangible-Equity

: 7.66% (As of Feb. 2020)
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Nuveen Arizona Quality Municipalome Fund's annualized net income attributable to common stockholders for the quarter that ended in Feb. 2020 was $13.65 Mil. Nuveen Arizona Quality Municipalome Fund's average shareholder tangible equity for the quarter that ended in Feb. 2020 was $178.13 Mil. Therefore, Nuveen Arizona Quality Municipalome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2020 was 7.66%.

NYSE:NAZ' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.11   Med: 5.31   Max: 16.52
Current: 12.65

-5.11
16.52

During the past 11 years, Nuveen Arizona Quality Municipalome Fund's highest Return-on-Tangible-Equity was 16.52%. The lowest was -5.11%. And the median was 5.31%.

NYSE:NAZ's Return-on-Tangible-Equity is ranked higher than
85% of the 1694 Companies
in the Asset Management industry.

( Industry Median: -0.79 vs. NYSE:NAZ: 12.65 )

Nuveen Arizona Quality Municipalome Fund Return-on-Tangible-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Nuveen Arizona Quality Municipalome Fund Annual Data
Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.31 -0.03 3.50 3.97 12.75

Nuveen Arizona Quality Municipalome Fund Semi-Annual Data
Jul10 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20
Return-on-Tangible-Equity 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 Premium Member Only Premium Member Only -3.40 3.20 4.74 17.77 7.66

Competitive Comparison
* 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.


Nuveen Arizona Quality Municipalome Fund Return-on-Tangible-Equity Distribution

* The bar in red indicates where Nuveen Arizona Quality Municipalome Fund's Return-on-Tangible-Equity falls into.



Nuveen Arizona Quality Municipalome Fund Return-on-Tangible-Equity Calculation

Nuveen Arizona Quality Municipalome Fund's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Feb. 2020 )  (A: Feb. 2019 )(A: Feb. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Feb. 2020 )  (A: Feb. 2019 )(A: Feb. 2020 )
=21.945/( (164.08+180.024 )/ 2 )
=21.945/172.052
=12.75 %

Nuveen Arizona Quality Municipalome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2020 )  (Q: Aug. 2019 )(Q: Feb. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2020 )  (Q: Aug. 2019 )(Q: Feb. 2020 )
=13.648/( (176.241+180.024)/ 2 )
=13.648/178.1325
=7.66 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual Return-on-Tangible-Equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is two times the semi-annual (Feb. 2020) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Nuveen Arizona Quality Municipalome Fund  (NYSE:NAZ) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.


Nuveen Arizona Quality Municipalome Fund Return-on-Tangible-Equity Related Terms


Nuveen Arizona Quality Municipalome Fund Return-on-Tangible-Equity Headlines

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