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Voya Global Advantage and Premium Opportunity Fund (Voya Global Advantage and Premium Opportunity Fund) 3-Year RORE % : -5,160.71% (As of Aug. 2023)


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What is Voya Global Advantage and Premium Opportunity Fund 3-Year RORE %?

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE % for the quarter that ended in Aug. 2023 was -5,160.71%.

The industry rank for Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE % or its related term are showing as below:

IGA's 3-Year RORE % is ranked worse than
99.35% of 1532 companies
in the Asset Management industry
Industry Median: 1.185 vs IGA: -5160.71

Voya Global Advantage and Premium Opportunity Fund 3-Year RORE % Historical Data

The historical data trend for Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE % 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.

Voya Global Advantage and Premium Opportunity Fund 3-Year RORE % Chart

Voya Global Advantage and Premium Opportunity Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
3-Year RORE %
Get a 7-Day Free Trial - - -2.24 -159.61 -7.92

Voya Global Advantage and Premium Opportunity Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
3-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -156.72 -159.61 -61.71 -7.92 -5,160.71

Competitive Comparison of Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE %

For the Asset Management subindustry, Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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.


Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE % falls into.



Voya Global Advantage and Premium Opportunity Fund 3-Year RORE % Calculation

Voya Global Advantage and Premium Opportunity Fund's 3-Year RORE % for the quarter that ended in Aug. 2023 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 0.465-1.91 )/( 2.392-2.364 )
=-1.445/0.028
=-5,160.71 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Aug. 2023 and 3-year before.


Voya Global Advantage and Premium Opportunity Fund  (NYSE:IGA) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Voya Global Advantage and Premium Opportunity Fund 3-Year RORE % Related Terms

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Voya Global Advantage and Premium Opportunity Fund (Voya Global Advantage and Premium Opportunity Fund) Business Description

Traded in Other Exchanges
N/A
Address
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258
Voya Global Advantage and Premium Opportunity Fund is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide a high level of income. The secondary investment objective of the fund is to seek capital appreciation. The fund seeks to achieve its investment objectives by investing at least 80% of its managed assets in a portfolio of common stocks of companies located in several different countries throughout the world, including the United States, and it also utilizes an integrated derivatives strategy.
Executives
Margaret Diorio officer: SVP, PM 230 PARK AVENUE, NEW YORK NY 10169
Steven Wetter officer: SVP, PM 230 PARK AVENUE, 14 FL, NEW YORK NY 10169
Mark Weber officer: Senior Managing Director 230 PARK AVENUE, NEW YORK NY 10169
Dina Santoro officer: Managing Director VOYA INVESTMENT MANAGEMENT, 230 PARK AVENUE, NEW YORK NY 10169
Lydia Homer officer: Chief Financial Officer, Funds 7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Christopher P Sullivan director 27 LEE TERRACE, SHORT HILLS NJ 07078
Michael Allyn Bell officer: MD & Chief Financial Officer 230 PARK AVENUE, NEW YORK NY 10169
Etten Frank Van officer: Managing Director 230 PARK AVENUE, NEW YORK NY 10169
Joseph E Obermeyer director 9909 NE 4TH AVENUE ROAD, MIAMI SHORES FL 33138
Russell H Jones director
Martin J Gavin director 282 WASHINGTON STREET, HARTFORD CT 06106
Deprince Albert E Jr director 3029 ST. JOHNS DRIVE, MURFREESBORO TN 37129
Robert W Crispin director 230 PARK AVENUE, 230 PARK AVENUE NY 10169
Pieter Jakob Schop other: Portfolio Manager SCHENKKADE 65, THE HAGUE P7 2595AS
Nelson Fredric A Iii director 230 PARK AVENUE, NEW YORK NY 10169

Voya Global Advantage and Premium Opportunity Fund (Voya Global Advantage and Premium Opportunity Fund) Headlines