What is Nuveen New Jersey Quality Municipalome Fund Total Assets?
Nuveen New Jersey Quality Municipalome Fund's Total Assets for the quarter that ended in Aug. 2023 was $904.40 Mil.
During the past 12 months, Nuveen New Jersey Quality Municipalome Fund's average Total Assets Growth Rate was 0.40% per year.
During the past 3 years, the average Total Assets Growth Rate was -5.50% per year.
During the past 5 years, the average Total Assets Growth Rate was -1.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 22.60% per year.
During the past 13 years, Nuveen New Jersey Quality Municipalome Fund's highest 3-Year average Total Assets Growth Rate was 88.90%. The lowest was -5.50%. And the median was 2.20%.
Total Assets is connected with ROA %. Nuveen New Jersey Quality Municipalome Fund's annualizedROA % for the quarter that ended in Aug. 2023 was 1.46%. Total Assets is also linked to Revenue through Asset Turnover. Nuveen New Jersey Quality Municipalome Fund's Asset Turnover for the quarter that ended in Aug. 2023 was 0.01.
Nuveen New Jersey Quality Municipalome Fund Total Assets Historical Data
The historical data trend for Nuveen New Jersey Quality Municipalome 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.
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Nuveen New Jersey Quality Municipalome Fund Total Assets Chart
Nuveen New Jersey Quality Municipalome Fund Annual Data
Nuveen New Jersey Quality Municipalome 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.
Nuveen New Jersey Quality Municipalome Fund's Total Assets for the fiscal year that ended in Feb. 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.
Nuveen New Jersey Quality Municipalome Fund (NYSE:NXJ) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Aug. 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.
Nuveen New Jersey Quality Municipalome Fund's Asset Turnover for the quarter that ended in Aug. 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.
Nuveen New Jersey Quality Municipalome Fund Total Assets Related Terms
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Nuveen New Jersey Quality Municipalome Fund (Nuveen New Jersey Quality Municipalome Fund) Business Description
Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment management company. Its objective is to provide current income exempt from regular federal and New Jersey income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.
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