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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Blackrock Long-term Municipal AdtgTrust's selling, general, & admin. expense for the
six
months ended in Jul. 2025 was $0.39 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jul. 2025 was $0.63 Mil.
Blackrock Long-term Municipal AdtgTrust (NYSE:BTA) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Blackrock Long-term Municipal AdtgTrust Selling, General, & Admin. Expense Related Terms
Blackrock Long-term Municipal AdtgTrust Selling, General, & Admin. Expense 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.
Blackrock Long-term Municipal AdtgTrust Selling, General, & Admin. Expense Chart
Blackrock Long-term Municipal AdtgTrust Annual Data
BTA vs CIK, BGX, HYI: Selling, General, & Admin. Expense Comparison
For the Asset Management subindustry, Blackrock Long-term Municipal AdtgTrust's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.
Blackrock Long-term Municipal AdtgTrust Selling, General, & Admin. Expense vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackrock Long-term Municipal AdtgTrust's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Blackrock Long-term Municipal AdtgTrust's Selling, General, & Admin. Expense falls into.
Blackrock Long-term Municipal AdtgTrust Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jul. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.63 Mil.
* 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.
What does a Selling, General, & Admin. Expense of $0.63 Mil mean?
Blackrock Long-term Municipal AdtgTrust (BTA) has a Selling, General, & Admin. Expense of $0.63 Mil as of Jul. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors.
Is Blackrock Long-term Municipal AdtgTrust's Selling, General, & Admin. Expense too high?
Blackrock Long-term Municipal AdtgTrust's current Selling, General, & Admin. Expense is $0.63 Mil. Overall, Blackrock Long-term Municipal AdtgTrust has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock Long-term Municipal AdtgTrust's Selling, General, & Admin. Expense compare to CIK and BGX?
Blackrock Long-term Municipal AdtgTrust's Selling, General, & Admin. Expense of $0.63 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Asset Management company?
A good Selling, General, & Admin. Expense depends on the Asset Management industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors. Blackrock Long-term Municipal AdtgTrust's current Selling, General, & Admin. Expense is $0.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Long-term Municipal AdtgTrust stock overvalued right now?
Blackrock Long-term Municipal AdtgTrust (BTA) has a current Selling, General, & Admin. Expense of $0.63 Mil. The current Selling, General, & Admin. Expense is $0.63 Mil. Blackrock Long-term Municipal AdtgTrust's overall GF Score™ is 18/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Blackrock Long-term Municipal AdtgTrust (BTA), the current Selling, General, & Admin. Expense is $0.63 Mil as of Jul. 2025. 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.
Blackrock Long-term Municipal AdtgTrust Business Description
Blackrock Long-term Municipal AdtgTrust is a diversified closed-end investment trust. Its investment objective is to provide current income exempt from regular U.S. federal income tax. The fund, under normal market conditions, invests a majority of its managed assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are expected to pay interest or income that is exempt from U.S. federal income tax. Its investment portfolio comprises dollar-weighted, long-term municipal bonds with a maturity of more than ten years at the time of investment. The fund's investments have exposure to various sectors such as Corporate, Health, County/City/Special District/School District, Transportation, Education, Utilities, State, Tobacco, etc.
18GF Score
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