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NMCO (Nuveen Municipal Credit Opps Fund) Net Margin % : 99.16% (As of Apr. 2024)


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What is Nuveen Municipal Credit Opps Fund Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Nuveen Municipal Credit Opps Fund's Net Income for the six months ended in Apr. 2024 was $94.79 Mil. Nuveen Municipal Credit Opps Fund's Revenue for the six months ended in Apr. 2024 was $95.59 Mil. Therefore, Nuveen Municipal Credit Opps Fund's net margin for the quarter that ended in Apr. 2024 was 99.16%.

The historical rank and industry rank for Nuveen Municipal Credit Opps Fund's Net Margin % or its related term are showing as below:

NMCO' s Net Margin % Range Over the Past 10 Years
Min: 81.21   Med: 100.79   Max: 107.34
Current: 81.21


NMCO's Net Margin % is ranked worse than
54.96% of 1643 companies
in the Asset Management industry
Industry Median: 87.84 vs NMCO: 81.21

Nuveen Municipal Credit Opps Fund Net Margin % Historical Data

The historical data trend for Nuveen Municipal Credit Opps 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.

Nuveen Municipal Credit Opps Fund Net Margin % Chart

Nuveen Municipal Credit Opps Fund Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23
Net Margin %
98.13 101.50 99.17 100.79 107.34

Nuveen Municipal Credit Opps Fund Semi-Annual Data
Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.70 100.87 98.74 101.13 99.16

Competitive Comparison of Nuveen Municipal Credit Opps Fund's Net Margin %

For the Asset Management subindustry, Nuveen Municipal Credit Opps 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.


Nuveen Municipal Credit Opps Fund's Net Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Municipal Credit Opps Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Nuveen Municipal Credit Opps Fund's Net Margin % falls into.



Nuveen Municipal Credit Opps 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.

Nuveen Municipal Credit Opps Fund's Net Margin for the fiscal year that ended in Oct. 2023 is calculated as

Net Margin=Net Income (A: Oct. 2023 )/Revenue (A: Oct. 2023 )
=-25.709/-23.952
=107.34 %

Nuveen Municipal Credit Opps Fund's Net Margin for the quarter that ended in Apr. 2024 is calculated as

Net Margin=Net Income (Q: Apr. 2024 )/Revenue (Q: Apr. 2024 )
=94.788/95.587
=99.16 %

* 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 Municipal Credit Opps Fund  (NYSE:NMCO) 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.


Nuveen Municipal Credit Opps Fund Net Margin % Related Terms

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


Nuveen Municipal Credit Opps Fund Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Municipal Credit Opps Fund is a closed-end fund. The fund's objective is to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. It invests in high yielding, low-to medium-quality municipal securities and uses leverage.
Executives
Terence J Toth other: Chairman of the Board
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Michael S. Hamilton other: Portfolio Manager C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
Jack Evans other: Trustee 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Judith M Stockdale other: Trustee 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606

Nuveen Municipal Credit Opps Fund Headlines

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