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Western Asset Variable Rate Strategic Fd (Western Asset Variable Rate Strategic Fd) Net Margin % : 98.57% (As of Sep. 2020)


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What is Western Asset Variable Rate Strategic Fd Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Western Asset Variable Rate Strategic Fd's Net Income for the six months ended in Sep. 2020 was $7.92 Mil. Western Asset Variable Rate Strategic Fd's Revenue for the six months ended in Sep. 2020 was $8.03 Mil. Therefore, Western Asset Variable Rate Strategic Fd's net margin for the quarter that ended in Sep. 2020 was 98.57%.

The historical rank and industry rank for Western Asset Variable Rate Strategic Fd's Net Margin % or its related term are showing as below:


GFY's Net Margin % is not ranked *
in the Asset Management industry.
Industry Median: 86.98
* Ranked among companies with meaningful Net Margin % only.

Western Asset Variable Rate Strategic Fd Net Margin % Historical Data

The historical data trend for Western Asset Variable Rate Strategic Fd's Net Margin % 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.

Western Asset Variable Rate Strategic Fd Net Margin % Chart

Western Asset Variable Rate Strategic Fd Annual Data
Trend Sep17 Sep18 Sep19 Sep20
Net Margin %
97.05 93.50 90.72 115.95

Western Asset Variable Rate Strategic Fd Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
Net Margin % Get a 7-Day Free Trial 89.58 87.21 92.66 101.25 98.57

Competitive Comparison of Western Asset Variable Rate Strategic Fd's Net Margin %

For the Asset Management subindustry, Western Asset Variable Rate Strategic Fd's Net Margin %, along with its competitors' market caps and Net Margin % 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.


Western Asset Variable Rate Strategic Fd's Net Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Variable Rate Strategic Fd's Net Margin % distribution charts can be found below:

* The bar in red indicates where Western Asset Variable Rate Strategic Fd's Net Margin % falls into.



Western Asset Variable Rate Strategic Fd Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Western Asset Variable Rate Strategic Fd's Net Margin for the fiscal year that ended in Sep. 2020 is calculated as

Net Margin=Net Income (A: Sep. 2020 )/Revenue (A: Sep. 2020 )
=-1.694/-1.461
=115.95 %

Western Asset Variable Rate Strategic Fd's Net Margin for the quarter that ended in Sep. 2020 is calculated as

Net Margin=Net Income (Q: Sep. 2020 )/Revenue (Q: Sep. 2020 )
=7.919/8.034
=98.57 %

* 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.


Western Asset Variable Rate Strategic Fd  (NYSE:GFY) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Western Asset Variable Rate Strategic Fd Net Margin % Related Terms

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Western Asset Variable Rate Strategic Fd (Western Asset Variable Rate Strategic Fd) Business Description

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018
Western Asset Variable Rate Strategic Fd Inc. is a non-diversified, closed-end management investment company. Its investment objective is to maintain a high level of current income by investing in variable rate instruments of U.S. and non-U.S. issuers. The fund invests in various sectors such as energy, materials and healthcare and others.
Executives
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen officer: Chief Compliance Officer LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Relative Value Partners Group, Llc other: QUALIFIED INSTITUTION MANAGER 1033 SKOKIE BLVD., SUITE 470, NORTHBROOK IL 60062
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer S Berg officer: Treasurer 100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202
Todd F Kuehl officer: Chief Compliance Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Kenneth Fuller director, officer: CEO, Pres. & Chairman, other: CEO & Pres. Of Manager 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Thomas C Merchant other: Director of Subadviser LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202