First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Total Assets : $215.38 Mil (As of Oct. 2023)

First Trust New Opportunities MLP & Energy Fund Total Assets Chart

First Trust New Opportunities MLP & Energy Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Assets	Get a 7-Day Free Trial								199.99	213.25	230.88	210.46	215.38

First Trust New Opportunities MLP & Energy 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.

First Trust New Opportunities MLP & Energy Fund's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

First Trust New Opportunities MLP & Energy Fund's Total Assets for the quarter that ended in Oct. 2023 is calculated as

* 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.

First Trust New Opportunities MLP & Energy Fund  (NYSE:FPL) Total Assets Explanation

Total Assets is connected with ROA %.

First Trust New Opportunities MLP & Energy Fund's annualized ROA % for the quarter that ended in Oct. 2023 is

Note: The Net Income data used here is two times the semi-annual (Oct. 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.

First Trust New Opportunities MLP & Energy Fund's Asset Turnover for the quarter that ended in Oct. 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.

First Trust New Opportunities MLP & Energy Fund Total Assets Related Terms

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First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Business Description