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NIE (Virtus AllianzGI Equitynvertibleome Fund) Net Margin % : 99.58% (As of Jul. 2024)


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What is Virtus AllianzGI Equitynvertibleome Fund Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Virtus AllianzGI Equitynvertibleome Fund's Net Income for the six months ended in Jul. 2024 was $60.72 Mil. Virtus AllianzGI Equitynvertibleome Fund's Revenue for the six months ended in Jul. 2024 was $60.98 Mil. Therefore, Virtus AllianzGI Equitynvertibleome Fund's net margin for the quarter that ended in Jul. 2024 was 99.58%.

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

NIE' s Net Margin % Range Over the Past 10 Years
Min: 98.52   Med: 99.68   Max: 107.12
Current: 99.4


NIE's Net Margin % is ranked better than
82.59% of 1643 companies
in the Asset Management industry
Industry Median: 87.84 vs NIE: 99.40

Virtus AllianzGI Equitynvertibleome Fund Net Margin % Historical Data

The historical data trend for Virtus AllianzGI Equitynvertibleome 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 AllianzGI Equitynvertibleome Fund Net Margin % Chart

Virtus AllianzGI Equitynvertibleome Fund Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Net Margin %
Get a 7-Day Free Trial 99.58 99.76 98.52 100.46 99.52

Virtus AllianzGI Equitynvertibleome Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 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 Premium Member Only Premium Member Only 100.29 101.36 99.70 98.85 99.58

Competitive Comparison of Virtus AllianzGI Equitynvertibleome Fund's Net Margin %

For the Asset Management subindustry, Virtus AllianzGI Equitynvertibleome 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 AllianzGI Equitynvertibleome Fund's Net Margin % Distribution in the Asset Management Industry

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

* The bar in red indicates where Virtus AllianzGI Equitynvertibleome Fund's Net Margin % falls into.



Virtus AllianzGI Equitynvertibleome 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 AllianzGI Equitynvertibleome 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 )
=93.751/94.201
=99.52 %

Virtus AllianzGI Equitynvertibleome 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 )
=60.719/60.975
=99.58 %

* 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 AllianzGI Equitynvertibleome Fund  (NYSE:NIE) 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 AllianzGI Equitynvertibleome Fund Net Margin % Related Terms

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


Virtus AllianzGI Equitynvertibleome Fund Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus AllianzGI Equity & Convertible Income Fund is a diversified, closed-end management investment company. Its investment objective is to seek total return comprised of capital appreciation, current income, and gains. The fund pursues its objective by investing in a diversified portfolio of equity securities and income-producing convertible securities. Its portfolio of investments comprises different sector investments such as aerospace and defense, banks, IT services, software, and others.
Executives
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
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
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102

Virtus AllianzGI Equitynvertibleome Fund Headlines

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