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Delaware Investments Natl MuniomeVFL -0.58%32 ROA % is 0.56% as of Mar. 2026, which is 61% below its 10-year median of 1.43. GuruFocus rates VFL with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 1,638 Asset Management companies, Delaware Investments Natl Muniome ranks worse than 66.18% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Delaware Investments Natl Muniome's annualizedNet Income for the quarter that ended in Mar. 2026 was $1.33 Mil.
Delaware Investments Natl Muniome's average Total Assets over the quarter that ended in Mar. 2026 was $237.24 Mil. Therefore, Delaware Investments Natl Muniome's annualized ROA % for the quarter that ended in Mar. 2026 was 0.56%.
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.
Delaware Investments Natl Muniome ROA % Related Terms
Delaware Investments Natl Muniome 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, Delaware Investments Natl Muniome'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.
Delaware Investments Natl Muniome ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Delaware Investments Natl Muniome's ROA % distribution charts can be found below:
* The bar in red indicates where Delaware Investments Natl Muniome'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.
Delaware Investments Natl Muniome (VFL) has a ROA % of 0.56% 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 Delaware Investments Natl Muniome and its competitors. This is 61% below median its historical median of 1.43. According to the industry distribution chart, Delaware Investments Natl Muniome ranks #1084 out of 1638 companies in the Asset Management industry, placing it in the top 66.2%.
Is Delaware Investments Natl Muniome's ROA % too high?
Delaware Investments Natl Muniome's current ROA % of 0.56% is 61% below median its 10-year median of 1.43. The Asset Management industry median ROA % is 4.09. Delaware Investments Natl Muniome's value of 0.56% is 86.3% below this industry median. Based on the distribution chart, Delaware Investments Natl Muniome ranks #1084 out of 1638 companies in the Asset Management industry, which is below the industry midpoint. Overall, Delaware Investments Natl Muniome has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Delaware Investments Natl Muniome's ROA % compare to WEA and JHS?
According to the Asset Management industry distribution chart, Delaware Investments Natl Muniome ranks #1084 out of 1638 companies for ROA %. This places Delaware Investments Natl Muniome in the lower half of its industry. The industry median ROA % is 4.09. Delaware Investments Natl Muniome's value of 0.56% is 86.3% below this benchmark. While the company's 10-year median is 1.43 vs. the industry median of 4.09, Delaware Investments Natl Muniome has consistently been below the industry average. 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 4.09, 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. Delaware Investments Natl Muniome's current ROA % of 0.56% is 86.3% below the industry median. 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 Delaware Investments Natl Muniome and its competitors. For the Asset Management industry, the median ROA % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delaware Investments Natl Muniome's current ROA % is 0.56%, which is 61% below median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delaware Investments Natl Muniome stock overvalued right now?
Delaware Investments Natl Muniome (VFL) has a current ROA % of 0.56%. The current ROA % is 0.56%, which is 61% below median its 10-year median of 1.43 and 86.3% below the Asset Management industry median of 4.09. Delaware Investments Natl Muniome's overall GF Score™ is 32/100 with 4 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 Delaware Investments Natl Muniome (VFL), the current ROA % is 0.56% 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.
Delaware Investments Natl Muniome Business Description
Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund's investment objective is to seek to provide current income exempt from regular federal income tax, consistent with the preservation of capital. The company's product portfolio includes Mutual funds, Exchange-traded funds, Private markets, and Closed-end funds.
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