Royce Value Trust (Royce Value Trust) Selling, General, & Admin. Expense

: $0.73 Mil (TTM As of Dec. 2023)

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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Royce Value Trust's selling, general, & admin. expense for the six months ended in Dec. 2023 was $0.60 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.73 Mil.

Royce Value Trust Selling, General, & Admin. Expense Historical Data

The historical data trend for Royce Value Trust's Selling, General, & Admin. Expense 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.

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Royce Value Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Selling, General, & Admin. Expense

1.76

1.74

1.95

2.11

0.73

Royce Value Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Selling, General, & Admin. Expense									1.80	1.04	1.07	0.13	0.60

Competitive Comparison

For the Asset Management subindustry, Royce Value Trust's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.

Royce Value Trust Selling, General, & Admin. Expense Distribution

For the Asset Management industry and Financial Services sector, Royce Value Trust's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Royce Value Trust's Selling, General, & Admin. Expense falls into.

Royce Value Trust 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.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.73 Mil.

Royce Value Trust (NYSE:RVT) 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.

Royce Value Trust Selling, General, & Admin. Expense Related Terms

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Royce Value Trust (Royce Value Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Royce Value Trust Inc (NYSE:RVT) » Definitions » Selling, General, & Admin. Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

745 Fifth Avenue, New York, NY, USA, 10151

Website

https://www.royceinvest.com

Royce Value Trust Inc is a diversified closed-end investment company. It invests in diversified sectors including consumer discretionary, consumer staples, healthcare, financial, IT, telecommunications, and materials. The company portfolio includes common stocks, preferred stocks, corporate bonds, and repurchase agreements.

Executives

Julia Ward Poston	director	C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Christopher C. Grisanti	director	745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
G Peter Obrien	director	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Michael K. Shields	director	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Cecile Burleigh Harper	director	C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Christopher D Clark	officer: Vice President, other: President - Investment Advisor	745 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10151
Peter K Hoglund	officer: Treasurer, other: CFO Investment Advisor	745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
O Byrne Daniel A	officer: Vice President, other: VP - Investment Advisor	ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151
Arthur S Mehlman	director	C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151
Charles M Royce	director, officer: President, other: Pres./Dir.- Investment Adviser	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
John E Denneen	officer: Secretary, other: Secretary-Investment Adviser	C/O ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Stephen L Isaacs	director	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Richard M Galkin	director, other: Director through 2/26/2016.	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
John D Diederich	officer: Vice President & Treasurer, other: COO & CFO - Investment Adviser	ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
W Whitney George	director, officer: Vice President, other: VP-Royce, through 11/10/2014	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151