OPP (RiverNorth/DoubleLine Strategic Opportunity Fund) Total Assets : $344.96 Mil (As of Dec. 2024)

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What is RiverNorth/DoubleLine Strategic Opportunity Fund Total Assets?

RiverNorth/DoubleLine Strategic Opportunity Fund's Total Assets for the quarter that ended in Dec. 2024 was $344.96 Mil.

During the past 3 years, the average Total Assets Growth Rate was 2.30% per year. During the past 5 years, the average Total Assets Growth Rate was 5.60% per year.

During the past 7 years, RiverNorth/DoubleLine Strategic Opportunity Fund's highest 3-Year average Total Assets Growth Rate was 8.90%. The lowest was 2.30%. And the median was 5.65%.

Total Assets is connected with ROA %. RiverNorth/DoubleLine Strategic Opportunity Fund's annualized ROA % for the quarter that ended in Dec. 2024 was 6.67%. Total Assets is also linked to Revenue through Asset Turnover. RiverNorth/DoubleLine Strategic Opportunity Fund's Asset Turnover for the quarter that ended in Dec. 2024 was 0.04.

RiverNorth/DoubleLine Strategic Opportunity Fund Total Assets Historical Data

The historical data trend for RiverNorth/DoubleLine Strategic Opportunity 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.

RiverNorth/DoubleLine Strategic Opportunity Fund Total Assets Chart

RiverNorth/DoubleLine Strategic Opportunity Fund Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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265.57

318.17

340.49

343.05

339.48

RiverNorth/DoubleLine Strategic Opportunity Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial										348.11	343.05	345.09	339.48	344.96

RiverNorth/DoubleLine Strategic Opportunity 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	335.849	+	3.635
	=	339.48

RiverNorth/DoubleLine Strategic Opportunity Fund's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	337.431	+	7.524
	=	344.96

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) Total Assets Explanation

Total Assets is connected with ROA %.

RiverNorth/DoubleLine Strategic Opportunity Fund's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	22.836	/	( (339.484	+	344.955)	/ 2 )
	=	22.836	/	342.2195
	=	6.67 %

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

RiverNorth/DoubleLine Strategic Opportunity Fund's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	12.59	/	( (339.484	+	344.955)	/ 2 )
=	12.59	/	342.2195
=	0.04

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.

RiverNorth/DoubleLine Strategic Opportunity Fund Total Assets Related Terms

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RiverNorth/DoubleLine Strategic Opportunity Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth/DoubleLine Strategic Opportunity Fund Inc (NYSE:OPP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.

Executives

Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Brian H Schmucker	other: OFFICER OF THE INVT ADVISER	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Youse Guia	other: Exec Comm Mbr: OPP Subadviser	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta	other: Exec Comm Mbr: OPP Subadviser	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Rivernorth Marketplace Lending Corp	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Fred G Steingraber	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins	officer: CCO and Secretary	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt	officer: CFO and Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter	director	433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607