DHF's ROA % is ranked better than 52.01% of 1638
companies
in the Asset Management industry
Industry Median: 3.95
vs DHF: 4.33
BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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 banks 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:
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.
BNY Mellon High Yield Strategies Fund ROA % Related Terms
BNY Mellon High Yield Strategies Fund ROA % Historical 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.
For the Asset Management subindustry, BNY Mellon High Yield Strategies 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.
BNY Mellon High Yield Strategies Fund ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon High Yield Strategies Fund's ROA % distribution charts can be found below:
* The bar in red indicates where BNY Mellon High Yield Strategies Fund's ROA % falls into.
* 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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
BNY Mellon High Yield Strategies Fund (DHF) has a ROA % of -0.92% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on BNY Mellon High Yield Strategies Fund and its competitors. According to the industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #786 out of 1638 companies in the Asset Management industry, placing it in the top 48%.
Is BNY Mellon High Yield Strategies Fund's ROA % too high?
BNY Mellon High Yield Strategies Fund's current ROA % is -0.92%. Based on the distribution chart, BNY Mellon High Yield Strategies Fund ranks #786 out of 1638 companies in the Asset Management industry, which is above the industry midpoint. Overall, BNY Mellon High Yield Strategies Fund has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon High Yield Strategies Fund's ROA % compare to FLC and GGT?
According to the Asset Management industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #786 out of 1638 companies for ROA %. This puts BNY Mellon High Yield Strategies Fund in the upper half of its industry. The industry median ROA % is 3.95. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 3.95, based on 1,638 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on BNY Mellon High Yield Strategies Fund and its competitors. For the Asset Management industry, the median ROA % is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BNY Mellon High Yield Strategies Fund's current ROA % is -0.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon High Yield Strategies Fund stock overvalued right now?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund (DHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.33, compared to a current price of $2.39 — trading 79.7% above its estimated fair value. The current ROA % is -0.92%. BNY Mellon High Yield Strategies Fund's overall GF Score™ is 41/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For BNY Mellon High Yield Strategies Fund (DHF), the current ROA % is -0.92% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BNY Mellon High Yield Strategies Fund (DHF) Overvalued in 2026?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund stock appears to be overvalued.
The current stock price of $2.39 is trading 79.7% above its estimated GF Value™ of $1.33.
GuruFocus considers BNY Mellon High Yield Strategies Fund to be Significantly Overvalued.
Key valuation signals for DHF:
ROA %: -0.92%
GF Value™: $1.33 vs. price of $2.39 (79.7% above fair value)
No single metric tells the full story. See the DHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BNY Mellon High Yield Strategies Fund Business Description
BNY Mellon High Yield Strategies Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. The fund invests predominantly in fixed-income securities of below-investment-grade credit quality.
41GF Score
Get the complete analysis for DHF
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