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RIV (Rivernorth Opportunities Fund) Return-on-Tangible-Asset : 5.08% (As of Dec. 2024)


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What is Rivernorth Opportunities Fund Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Rivernorth Opportunities Fund's annualized Net Income for the quarter that ended in Dec. 2024 was $20.31 Mil. Rivernorth Opportunities Fund's average total tangible assets for the quarter that ended in Dec. 2024 was $399.50 Mil. Therefore, Rivernorth Opportunities Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 5.08%.

The historical rank and industry rank for Rivernorth Opportunities Fund's Return-on-Tangible-Asset or its related term are showing as below:

RIV' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.55   Med: 5.15   Max: 21.12
Current: 8.44

During the past 8 years, Rivernorth Opportunities Fund's highest Return-on-Tangible-Asset was 21.12%. The lowest was -5.55%. And the median was 5.15%.

RIV's Return-on-Tangible-Asset is ranked better than
67.28% of 1684 companies
in the Asset Management industry
Industry Median: 4.23 vs RIV: 8.44

Rivernorth Opportunities Fund Return-on-Tangible-Asset Historical Data

The historical data trend for Rivernorth Opportunities Fund's Return-on-Tangible-Asset 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 Opportunities Fund Return-on-Tangible-Asset Chart

Rivernorth Opportunities Fund Annual Data
Trend Oct17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial -1.29 21.12 -5.55 4.69 10.63

Rivernorth Opportunities Fund Semi-Annual Data
Oct17 Apr18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.25 4.77 4.32 11.69 5.08

Competitive Comparison of Rivernorth Opportunities Fund's Return-on-Tangible-Asset

For the Asset Management subindustry, Rivernorth Opportunities Fund'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.


Rivernorth Opportunities Fund's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Rivernorth Opportunities Fund's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Rivernorth Opportunities Fund's Return-on-Tangible-Asset falls into.


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Rivernorth Opportunities Fund Return-on-Tangible-Asset Calculation

Rivernorth Opportunities Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jul. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jul. 2023 )(A: Jun. 2024 )
=43.34/( (406.185+408.911)/ 2 )
=43.34/407.548
=10.63 %

Rivernorth Opportunities Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jan. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jan. 2024 )(Q: Dec. 2024 )
=20.31/( (399.222+399.776)/ 2 )
=20.31/399.499
=5.08 %

* 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 (Dec. 2024) net income data.


Rivernorth Opportunities Fund  (NYSE:RIV) 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.


Rivernorth Opportunities Fund Return-on-Tangible-Asset Related Terms

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


Rivernorth Opportunities Fund Business Description

Traded in Other Exchanges
N/A
Address
360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
Rivernorth Opportunities Fund Inc is a diversified, closed-end management investment company. The fund's investment objective is total return consisting of capital appreciation and current income.
Executives
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Stephen Andrew O'neill other: Portfolio Manager 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson director 325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Erich Rettinger officer: Treasurer 1290 BROADWAY SUITE 1100, DENVER CO 80203
Robert Douglas Mcclure officer: Treasurer 1290 BROADWAY, SUITE 1000, DENVER CO 80203
Brian H Schmucker other: Officer of Subadviser 325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Rivernorth Capital Management, Llc other: Investment Sub Adviser 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Sareena Khwaja-dixon officer: Secretary 1290 BROADWAY, SUITE 1100, DENVER CO 80203
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Laton Spahr other: President of the Adviser 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Matthew Sutula other: Interim CCO 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Michael Sleightholme other: Officer of Investment Advisor 1290 BROADWAY, SUITE 1100, DENVER CO 80203