>
Switch to:

Nuveen Municipal Creditome Fund Return-on-Tangible-Equity

: 20.66% (As of Oct. 2020)
View and export this data going back to 2001. Start your Free Trial

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 Municipal Creditome Fund's annualized net income attributable to common stockholders for the quarter that ended in Oct. 2020 was $450.80 Mil. Nuveen Municipal Creditome Fund's average shareholder tangible equity for the quarter that ended in Oct. 2020 was $2,182.16 Mil. Therefore, Nuveen Municipal Creditome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2020 was 20.66%.

NYSE:NZF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.06   Med: 4.93   Max: 16.03
Current: 0.51

-6.06
16.03

During the past 11 years, Nuveen Municipal Creditome Fund's highest Return-on-Tangible-Equity was 16.03%. The lowest was -6.06%. And the median was 4.93%.

NYSE:NZF's Return-on-Tangible-Equity is ranked lower than
62% of the 1707 Companies
in the Asset Management industry.

( Industry Median: 3.01 vs. NYSE:NZF: 0.51 )

Nuveen Municipal Creditome Fund Return-on-Tangible-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Nuveen Municipal Creditome Fund Annual Data
Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.94 3.66 -0.85 14.87 0.50

Nuveen Municipal Creditome Fund Semi-Annual Data
Apr11 Oct11 Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20
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 Premium Member Only 0.08 17.75 11.94 -19.18 20.66

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 Municipal Creditome Fund Return-on-Tangible-Equity Distribution

* The bar in red indicates where Nuveen Municipal Creditome Fund's Return-on-Tangible-Equity falls into.



Nuveen Municipal Creditome Fund Return-on-Tangible-Equity Calculation

Nuveen Municipal Creditome Fund's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2020 )  (A: Oct. 2019 )(A: Oct. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2020 )  (A: Oct. 2019 )(A: Oct. 2020 )
=11.533/( (2364.022+2267.965 )/ 2 )
=11.533/2315.9935
=0.50 %

Nuveen Municipal Creditome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Oct. 2020 )  (Q: Apr. 2020 )(Q: Oct. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Oct. 2020 )  (Q: Apr. 2020 )(Q: Oct. 2020 )
=450.796/( (2096.362+2267.965)/ 2 )
=450.796/2182.1635
=20.66 %

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange 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 (Oct. 2020) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Nuveen Municipal Creditome Fund  (NYSE:NZF) 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 Municipal Creditome Fund Return-on-Tangible-Equity Related Terms


Nuveen Municipal Creditome Fund Return-on-Tangible-Equity Headlines

No Headline

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)