Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) Net Margin %

: 98.05% (As of Nov. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Pioneer Floating Rate Trust's Net Income for the six months ended in Nov. 2023 was $10.89 Mil. Pioneer Floating Rate Trust's Revenue for the six months ended in Nov. 2023 was $11.11 Mil. Therefore, Pioneer Floating Rate Trust's net margin for the quarter that ended in Nov. 2023 was 98.05%.

The historical rank and industry rank for Pioneer Floating Rate Trust's Net Margin % or its related term are showing as below:

PHD' s Net Margin % Range Over the Past 10 Years
Min: 44.35 Med: 94.89 Max: 105.57
Current: 97.24

PHD's Net Margin % is ranked better than
69.64% of 1670 companies
in the Asset Management industry
Industry Median: 85.935 vs PHD: 97.24

Pioneer Floating Rate Trust Net Margin % Historical Data

The historical data trend for Pioneer Floating Rate Trust'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.

Pioneer Floating Rate Trust Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Net Margin %

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94.32

44.35

94.89

103.56

97.24

Pioneer Floating Rate Trust Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Net Margin %	Get a 7-Day Free Trial								91.49	103.02	104.88	95.47	98.05

Competitive Comparison

For the Asset Management subindustry, Pioneer Floating Rate Trust'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.

Pioneer Floating Rate Trust Net Margin % Distribution

For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's Net Margin % distribution charts can be found below:

* The bar in red indicates where Pioneer Floating Rate Trust's Net Margin % falls into.

Pioneer Floating Rate Trust 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.

Pioneer Floating Rate Trust's Net Margin for the fiscal year that ended in Nov. 2023 is calculated as

Net Margin	=	Net Income (A: Nov. 2023 )	/	Revenue (A: Nov. 2023 )
	=	15.762	/	16.21
	=	97.24 %

Pioneer Floating Rate Trust's Net Margin for the quarter that ended in Nov. 2023 is calculated as

Net Margin	=	Net Income (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	10.891	/	11.108
	=	98.05 %

Pioneer Floating Rate Trust (NYSE:PHD) 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.

Pioneer Floating Rate Trust Net Margin % Related Terms

Thank you for viewing the detailed overview of Pioneer Floating Rate Trust's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Floating Rate Trust (NYSE:PHD) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Floating Rate Trust is a diversified fund. It seeks a high level of current income by investing primarily in floating-rate loans. Its investment objective is to provide a high level of current income and seek the preservation of capital.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	officer: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Lorraine H Monchak	other: Trustee	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi	other: Trustee	60 STATE STREET, BOSTON MA 02109
Lisa Jones	officer: Chief Executive Officer	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Mark Goodwin	officer: Executive Vice President	PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Kenneth Taubes	other: Trustee
Marc O Mayer	other: Trustee	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105