GABELLI CONVERTIBLE &OME SECURITIES FUND (GABELLI CONVERTIBLE &OME SECURITIES FUND) Total Assets : $97.65 Mil (As of Dec. 2022)

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What is GABELLI CONVERTIBLE &OME SECURITIES FUND Total Assets?

GABELLI CONVERTIBLE &OME SECURITIES FUND's Total Assets for the quarter that ended in Dec. 2022 was $97.65 Mil.

During the past 12 months, GABELLI CONVERTIBLE &OME SECURITIES FUND's average Total Assets Growth Rate was -7.50% per year. During the past 3 years, the average Total Assets Growth Rate was -17.80% per year. During the past 5 years, the average Total Assets Growth Rate was -6.60% per year.

During the past 7 years, GABELLI CONVERTIBLE &OME SECURITIES FUND's highest 3-Year average Total Assets Growth Rate was 16.10%. The lowest was -17.80%. And the median was -0.80%.

Total Assets is connected with ROA %. GABELLI CONVERTIBLE &OME SECURITIES FUND's annualized ROA % for the quarter that ended in Dec. 2022 was -1.43%. Total Assets is also linked to Revenue through Asset Turnover. GABELLI CONVERTIBLE &OME SECURITIES FUND's Asset Turnover for the quarter that ended in Dec. 2022 was -0.00.

GABELLI CONVERTIBLE &OME SECURITIES FUND Total Assets Historical Data

The historical data trend for GABELLI CONVERTIBLE &OME SECURITIES FUND's Total Assets 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.

* Premium members only.

GABELLI CONVERTIBLE &OME SECURITIES FUND Total Assets Chart

GABELLI CONVERTIBLE &OME SECURITIES FUND Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Sep23

Total Assets

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143.88

162.72

154.20

97.65

90.34

GABELLI CONVERTIBLE &OME SECURITIES FUND Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
Total Assets	Get a 7-Day Free Trial							163.97	154.20	118.99	97.65	90.34

GABELLI CONVERTIBLE &OME SECURITIES 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.

GABELLI CONVERTIBLE &OME SECURITIES FUND's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	74.486	+	15.856
	=	90.34

GABELLI CONVERTIBLE &OME SECURITIES FUND's Total Assets for the quarter that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2022 )	+	Total Liabilities (Q: Dec. 2022 )
	=	80.247	+	17.405
	=	97.65

GABELLI CONVERTIBLE &OME SECURITIES FUND (NYSE:GCV) Total Assets Explanation

Total Assets is connected with ROA %.

GABELLI CONVERTIBLE &OME SECURITIES FUND's annualized ROA % for the quarter that ended in Dec. 2022 is

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	-1.55	/	( (118.993	+	97.652)	/ 2 )
	=	-1.55	/	108.3225
	=	-1.43 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2022) 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.

GABELLI CONVERTIBLE &OME SECURITIES FUND's Asset Turnover for the quarter that ended in Dec. 2022 is

	Asset Turnover
=	Revenue (Q: Dec. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
=	-0.491	/	( (118.993	+	97.652)	/ 2 )
=	-0.491	/	108.3225
=	-0.00

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.

GABELLI CONVERTIBLE &OME SECURITIES FUND Total Assets Related Terms

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GABELLI CONVERTIBLE &OME SECURITIES FUND (GABELLI CONVERTIBLE &OME SECURITIES FUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC (NYSE:GCV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC is a diversified closed-end management investment company. Its investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The company invests in various portfolios such as Health Care, Financial Services, Energy and Utilities, Telecommunications, Food and Beverage, Aerospace and Automotive and others. All the operation of the group is operated through the regions of United States.

Executives

Mario J Gabelli	director, 10 percent owner, officer: Chairman	191 MASON STREET, GREENWICH CT 06830
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Werner J Roeder	director	ONE CORPORATE CENTER, RYE NY 10580
Daniel Diss Harding	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Michael J Melarkey	director	ONE CORPORATE CENTER, RYE NY 10580
Dugald A Fletcher	director	111 WEST 57TH STREET, SUITE 1100, NEW YORK NY 10019
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Leslie Fahrenkopf Foley	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Vincent D Enright	director	ONE CORPORATE CENTER, RYE NY 10580
Thomas H Dinsmore	director	C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Joseph H Egan	officer: Acting Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019