HIE (Miller/Howard Highome Equity Fund) Total Assets : $239.17 Mil (As of Apr. 2024)

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What is Miller/Howard Highome Equity Fund Total Assets?

Miller/Howard Highome Equity Fund's Total Assets for the quarter that ended in Apr. 2024 was $239.17 Mil.

During the past 12 months, Miller/Howard Highome Equity Fund's average Total Assets Growth Rate was -10.40% per year. During the past 3 years, the average Total Assets Growth Rate was 6.50% per year. During the past 5 years, the average Total Assets Growth Rate was 0.30% per year.

During the past 7 years, Miller/Howard Highome Equity Fund's highest 3-Year average Total Assets Growth Rate was 6.50%. The lowest was -8.90%. And the median was 3.90%.

Total Assets is connected with ROA %. Miller/Howard Highome Equity Fund's annualized ROA % for the quarter that ended in Apr. 2024 was 21.04%. Total Assets is also linked to Revenue through Asset Turnover. Miller/Howard Highome Equity Fund's Asset Turnover for the quarter that ended in Apr. 2024 was 0.11.

Miller/Howard Highome Equity Fund Total Assets Historical Data

The historical data trend for Miller/Howard Highome Equity Fund's Total Assets 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.

Miller/Howard Highome Equity Fund Total Assets Chart

Miller/Howard Highome Equity Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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285.03

179.37

286.13

302.61

216.53

Miller/Howard Highome Equity Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Total Assets	Get a 7-Day Free Trial									318.84	302.61	267.14	216.53	239.17

Miller/Howard Highome Equity Fund Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Miller/Howard Highome Equity Fund's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	194.014	+	22.513
	=	216.53

Miller/Howard Highome Equity Fund's Total Assets for the quarter that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (Q: Apr. 2024 )	+	Total Liabilities (Q: Apr. 2024 )
	=	212.261	+	26.905
	=	239.17

Miller/Howard Highome Equity Fund (NYSE:HIE) Total Assets Explanation

Total Assets is connected with ROA %.

Miller/Howard Highome Equity Fund's annualized ROA % for the quarter that ended in Apr. 2024 is

ROA %	=	Net Income (Q: Apr. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
	=	47.932	/	( (216.527	+	239.166)	/ 2 )
	=	47.932	/	227.8465
	=	21.04 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Miller/Howard Highome Equity Fund's Asset Turnover for the quarter that ended in Apr. 2024 is

	Asset Turnover
=	Revenue (Q: Apr. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
=	24.603	/	( (216.527	+	239.166)	/ 2 )
=	24.603	/	227.8465
=	0.11

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Miller/Howard Highome Equity Fund Total Assets Related Terms

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Miller/Howard Highome Equity Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miller/Howard High Income Equity Fund (NYSE:HIE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Pine Grove Avenue, Suite 301, Kingston, NY, USA, 12401

Website

https://www.hiefund.com

Miller/Howard High Income Equity Fund is a closed-end, diversified management investment company. The fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It invests under normal market conditions, a majority of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. Its portfolio of investments consists of securities of different sectors such as Natural Gas Transmission, Real Estate Investment Trusts, Petroleum Refining, Oil and Gas Extraction, Electric Services and others.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Paul Charles Kazarian	director	C/O SABA CAPITAL MANAGEMENT, L.P., 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
James E Hillman	director	10 DIXON AVENUE, WOODSTOCK NY 12498
Eva M Horowitz	officer: Secretary	45 PINE GROVE AVENUE, SUITE 301, KINGSTON NY 12401
Sacco Mayra	director	10 DIXON AVE, WOODSTOCK NY 12498
Catherine Mari Johnston	director, officer: President	10 DIXON AVE, WOODSTOCK NY 12498
Dana Troxell	officer: President	C/O MILLER/HOWARD HIGH EQUITY INCOME FND, P.O. BOX 549, WOODSTOCK NY 12498
Lowell Miller	officer: Chief Executive Officer	PO BOX 549, WOODSTOCK NY 12498
Roger Conrad	director	3516 HALCYON DRIVE, ALEXANDRIA VA 22305
Charles I Leone	director	C/O US WIRELESS DATA INC, 805 THIRD AVENUE, NEW YORK NY 10022
Paul Brook	officer: Chief Compliance Officer	MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498
Helen Hamada	officer: Chief Financial Officer	PO BOX 549, WOODSTOCK NY 12498
Annemarie Gilly	officer: Chief Operating Officer	PO BOX 549, WOODSTOCK NY 12498
Leslie John E Iii	officer: Vice President	MILLER/HOWARD HIGH EQUITY INCOME FUND, P.O. BOX 549, WOODSTOCK NY 12498