Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Return-on-Tangible-Asset : 2.98% (As of Oct. 2015)

Nuveen Dividend Advantage Muni Fund 2 Return-on-Tangible-Asset Chart

Nuveen Dividend Advantage Muni Fund 2 Semi-Annual Data
	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15
Return-on-Tangible-Asset	Get a 7-Day Free Trial							-11.90	9.99	8.43	3.59	2.98

Competitive Comparison of Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Asset

For the Asset Management subindustry, Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Dividend Advantage Muni Fund 2's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Asset falls into.

Nuveen Dividend Advantage Muni Fund 2 Return-on-Tangible-Asset Calculation

Nuveen Dividend Advantage Muni Fund 2's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2015 is calculated as:

Nuveen Dividend Advantage Muni Fund 2's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2015 is calculated as:

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Oct. 2015) net income data.

Nuveen Dividend Advantage Muni Fund 2  (AMEX:NXZ) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.

Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.

Nuveen Dividend Advantage Muni Fund 2 Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Business Description