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CCD (Calamos Dynamic Convertible andome Fund) ROA % : 17.76% (As of Apr. 2024)


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What is Calamos Dynamic Convertible andome Fund ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Calamos Dynamic Convertible andome Fund's annualized Net Income for the quarter that ended in Apr. 2024 was $139.47 Mil. Calamos Dynamic Convertible andome Fund's average Total Assets over the quarter that ended in Apr. 2024 was $785.15 Mil. Therefore, Calamos Dynamic Convertible andome Fund's annualized ROA % for the quarter that ended in Apr. 2024 was 17.76%.

The historical rank and industry rank for Calamos Dynamic Convertible andome Fund's ROA % or its related term are showing as below:

CCD' s ROA % Range Over the Past 10 Years
Min: -23.16   Med: 7.92   Max: 21.63
Current: 5.84

During the past 7 years, Calamos Dynamic Convertible andome Fund's highest ROA % was 21.63%. The lowest was -23.16%. And the median was 7.92%.

CCD's ROA % is ranked better than
58.15% of 1694 companies
in the Asset Management industry
Industry Median: 4.185 vs CCD: 5.84

Calamos Dynamic Convertible andome Fund ROA % Historical Data

The historical data trend for Calamos Dynamic Convertible andome Fund's ROA % 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.

Calamos Dynamic Convertible andome Fund ROA % Chart

Calamos Dynamic Convertible andome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROA %
Get a 7-Day Free Trial 7.92 21.26 21.63 -23.16 -2.11

Calamos Dynamic Convertible andome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31.07 -14.85 1.50 -5.90 17.76

Competitive Comparison of Calamos Dynamic Convertible andome Fund's ROA %

For the Asset Management subindustry, Calamos Dynamic Convertible andome Fund's ROA %, along with its competitors' market caps and ROA % 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.


Calamos Dynamic Convertible andome Fund's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos Dynamic Convertible andome Fund's ROA % distribution charts can be found below:

* The bar in red indicates where Calamos Dynamic Convertible andome Fund's ROA % falls into.



Calamos Dynamic Convertible andome Fund ROA % Calculation

Calamos Dynamic Convertible andome Fund's annualized ROA % for the fiscal year that ended in Oct. 2023 is calculated as:

ROA %=Net Income (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=-17.072/( (853.933+763.594)/ 2 )
=-17.072/808.7635
=-2.11 %

Calamos Dynamic Convertible andome Fund's annualized ROA % for the quarter that ended in Apr. 2024 is calculated as:

ROA %=Net Income (Q: Apr. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Apr. 2024 ))/ count )
=139.47/( (763.594+806.701)/ 2 )
=139.47/785.1475
=17.76 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Apr. 2024) net income data. ROA % is displayed in the 30-year financial page.


Calamos Dynamic Convertible andome Fund  (NAS:CCD) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Apr. 2024 )
=Net Income/Total Assets
=139.47/785.1475
=(Net Income / Revenue)*(Revenue / Total Assets)
=(139.47 / 140.008)*(140.008 / 785.1475)
=Net Margin %*Asset Turnover
=99.62 %*0.1783
=17.76 %

Note: The Net Income data used here is two times the semi-annual (Apr. 2024) net income data. The Revenue data used here is two times the semi-annual (Apr. 2024) revenue data.

* 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.


Be Aware

Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Calamos Dynamic Convertible andome Fund ROA % Related Terms

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Calamos Dynamic Convertible andome Fund Business Description

Traded in Other Exchanges
N/A
Address
2020 Calamos Court, Naperville, IL, USA, 60563-2787
Calamos Dynamic Convertible and Income Fund operate as a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation. It predominantly invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.
Executives
Erik D. Ojala officer: VP, Sec'y & Chief Legal Off. 2020 CALAMOS CT., NAPERVILLE IL 60563
Mark Mickey officer: Chief Compliance Officer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Susan L Schoenberger officer: VP and Assistant Secretary 2020 CALAMOS COURT, NAPERVILLE IL 60563
Northwestern Mutual Life Insurance Co 10 percent owner 720 EAST WISCONSIN AVENUE, MILWAUKEE WI 53202
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Thrivent Financial For Lutherans 10 percent owner 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211
Daniel Dufresne officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Stephen Atkins officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
David D Tripple director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Christopher M Toub director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Karen Stuckey director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Dave Vanisko officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos John P Sr director, officer: Chairman & President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos Family Partners, Inc. other: Ultimate Parent of Inv Adviser 2020 CALAMOS COURT, NAPERVILLE IL 60563
Lloyd Wennlund director 2020 CALAMOS COURT, NAPERVILLE IL 60563

Calamos Dynamic Convertible andome Fund Headlines

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