GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income Fund (NYSE:NCV) » Definitions » Net Margin %

NCV (Virtus Convertible &ome Fund) Net Margin % : 99.06% (As of Jul. 2024)


View and export this data going back to . Start your Free Trial

What is Virtus Convertible &ome Fund Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Virtus Convertible &ome Fund's Net Income for the six months ended in Jul. 2024 was $24.04 Mil. Virtus Convertible &ome Fund's Revenue for the six months ended in Jul. 2024 was $24.27 Mil. Therefore, Virtus Convertible &ome Fund's net margin for the quarter that ended in Jul. 2024 was 99.06%.

The historical rank and industry rank for Virtus Convertible &ome Fund's Net Margin % or its related term are showing as below:

NCV' s Net Margin % Range Over the Past 10 Years
Min: 94.63   Med: 98.72   Max: 120.87
Current: 99.07


NCV's Net Margin % is ranked better than
78.37% of 1623 companies
in the Asset Management industry
Industry Median: 89 vs NCV: 99.07

Virtus Convertible &ome Fund Net Margin % Historical Data

The historical data trend for Virtus Convertible &ome Fund'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.

Virtus Convertible &ome Fund Net Margin % Chart

Virtus Convertible &ome Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Jan23 Jan24
Net Margin %
Get a 7-Day Free Trial 120.87 97.97 99.45 101.18 94.63

Virtus Convertible &ome Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Jul22 Jan23 Jan24 Jul24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 97.41 100.50 84.85 - 99.06

Competitive Comparison of Virtus Convertible &ome Fund's Net Margin %

For the Asset Management subindustry, Virtus Convertible &ome Fund'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.


Virtus Convertible &ome Fund's Net Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund's Net Margin % falls into.


;
;

Virtus Convertible &ome Fund 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.

Virtus Convertible &ome Fund's Net Margin for the fiscal year that ended in Jan. 2024 is calculated as

Net Margin=Net Income (A: Jan. 2024 )/Revenue (A: Jan. 2024 )
=8.448/8.927
=94.63 %

Virtus Convertible &ome Fund's Net Margin for the quarter that ended in Jul. 2024 is calculated as

Net Margin=Net Income (Q: Jul. 2024 )/Revenue (Q: Jul. 2024 )
=24.041/24.268
=99.06 %

* 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 Fund  (NYSE:NCV) 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.


Virtus Convertible &ome Fund Net Margin % Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome Fund's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Convertible &ome Fund Business Description

Traded in Other Exchanges
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes Software, the Internet, the Commercial Services sector in the form of Convertible Bonds and Notes, and Media, Oil, Gas & Consumable Fuels, and Entertainment sector in the form of Corporate Bonds and Notes.
Executives
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod director 250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103