During the past 12 months, Virtus Convertible &ome 2024 Target Term Fund's average Total Assets Growth Rate was -25.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -10.30% per year.
During the past 5 years, Virtus Convertible &ome 2024 Target Term Fund's highest 3-Year average Total Assets Growth Rate was -1.30%. The lowest was -10.30%. And the median was -5.80%.
* 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.
Virtus Convertible &ome 2024 Target Term Fund Total Assets Chart
Virtus Convertible &ome 2024 Target Term Fund Annual Data
Trend
Feb19
Feb20
Feb21
Jan23
Jan24
Total Assets
255.20
252.40
269.67
245.30
190.52
Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
Virtus Convertible &ome 2024 Target Term Fund Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
* 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.
Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Jan. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Virtus Convertible &ome 2024 Target Term Fund's Asset Turnover for the quarter that ended in Jan. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Virtus Convertible &ome 2024 Target Term Fund Total Assets Related Terms
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Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description
AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.
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