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RiverNorth Flexible Municipalome Fund Net Margin %

: 99.79% (As of Jun. 2021)
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Net margin is calculated as Net Income divided by its Revenue. RiverNorth Flexible Municipalome Fund's Net Income for the six months ended in Jun. 2021 was $11.36 Mil. RiverNorth Flexible Municipalome Fund's Revenue for the six months ended in Jun. 2021 was $11.38 Mil. Therefore, RiverNorth Flexible Municipalome Fund's net margin for the quarter that ended in Jun. 2021 was 99.79%.

The historical rank and industry rank for RiverNorth Flexible Municipalome Fund's Net Margin % or its related term are showing as below:

NYSE:RFM' s Net Margin % Range Over the Past 10 Years
Min: 99.79   Med: 99.89   Max: 99.92
Current: 99.79

99.79
99.92

NYSE:RFM's Net Margin % is ranked lower than
99.99% of the 69 Companies
in the Asset Management industry.

( Industry Median: 12.51 vs. NYSE:RFM: 99.79 )

RiverNorth Flexible Municipalome Fund Net Margin % Historical Data

The historical data trend for RiverNorth Flexible Municipalome 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.

RiverNorth Flexible Municipalome Fund Annual Data
Trend Jun20 Jun21
Net Margin %
99.92 99.86

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21
Net Margin % - - 99.79

Competitive Comparison

For the Asset Management subindustry, RiverNorth Flexible Municipalome 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.

   

RiverNorth Flexible Municipalome Fund Net Margin % Distribution

For the Asset Management industry and Financial Services sector, RiverNorth Flexible Municipalome Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's Net Margin % falls into.



RiverNorth Flexible Municipalome 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.

RiverNorth Flexible Municipalome Fund's Net Margin for the fiscal year that ended in Jun. 2021 is calculated as

Net Margin=Net Income (A: Jun. 2021 )/Revenue (A: Jun. 2021 )
=27.113/27.152
=99.86 %

RiverNorth Flexible Municipalome Fund's Net Margin for the quarter that ended in Jun. 2021 is calculated as

Net Margin=Net Income (Q: Jun. 2021 )/Revenue (Q: Jun. 2021 )
=11.356/11.38
=99.79 %

* 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.


RiverNorth Flexible Municipalome Fund  (NYSE:RFM) 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.


RiverNorth Flexible Municipalome Fund Net Margin % Related Terms

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


RiverNorth Flexible Municipalome Fund Business Description

RiverNorth Flexible Municipalome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Comparable Companies
Traded in Other Exchanges
N/A
Address
325 North LaSalle Street, Suite 645, Chicago, IL, USA, 60654
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
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