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Delaware Investments MN Muni Fund II, Selling, General, & Admin. Expense

: $0.43 Mil (TTM As of Mar. 2020)
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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Delaware Investments MN Muni Fund II,'s selling, general, & admin. expense for the six months ended in Mar. 2020 was $0.17 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2020 was $0.43 Mil.


Delaware Investments MN Muni Fund II, Selling, General, & Admin. Expense 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.

Delaware Investments MN Muni Fund II, Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Selling, General, & Admin. Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.34 0.32 0.37 0.43

Delaware Investments MN Muni Fund II, Semi-Annual Data
Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
Selling, General, & Admin. Expense 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 0.15 0.16 0.21 0.26 0.17

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.


Delaware Investments MN Muni Fund II, Selling, General, & Admin. Expense Distribution

* The bar in red indicates where Delaware Investments MN Muni Fund II,'s Selling, General, & Admin. Expense falls into.



Delaware Investments MN Muni Fund II, Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

For stock reported semi-annually, GuruFocus uses latest annual data as the TTM data. Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2020 was $0.43 Mil.

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


Delaware Investments MN Muni Fund II,  (AMEX:VMM) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Delaware Investments MN Muni Fund II, Selling, General, & Admin. Expense Related Terms


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