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RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Total Assets : $618.21 Mil (As of Dec. 2023)


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What is RiverNorth Flex Muniome Fund II Total Assets?

RiverNorth Flex Muniome Fund II's Total Assets for the quarter that ended in Dec. 2023 was $618.21 Mil.

During the past 12 months, RiverNorth Flex Muniome Fund II's average Total Assets Growth Rate was -1.40% per year.

Total Assets is connected with ROA %. RiverNorth Flex Muniome Fund II's annualized ROA % for the quarter that ended in Dec. 2023 was 4.74%. Total Assets is also linked to Revenue through Asset Turnover. RiverNorth Flex Muniome Fund II's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.


RiverNorth Flex Muniome Fund II Total Assets Historical Data

The historical data trend for RiverNorth Flex Muniome Fund II'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 Flex Muniome Fund II Total Assets Chart

RiverNorth Flex Muniome Fund II Annual Data
Trend Jun21 Jun22 Jun23
Total Assets
709.00 745.46 619.87

RiverNorth Flex Muniome Fund II Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 704.37 745.46 627.08 619.87 618.21

RiverNorth Flex Muniome Fund II 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 Flex Muniome Fund II's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (A: Jun. 2023 )+Total Liabilities (A: Jun. 2023 )
=373.531+246.343
=619.87

RiverNorth Flex Muniome Fund II's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=375.562+242.652
=618.21

* 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.


RiverNorth Flex Muniome Fund II  (NYSE:RFMZ) Total Assets Explanation

Total Assets is connected with ROA %.

RiverNorth Flex Muniome Fund II's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=29.338/( (619.874+618.214)/ 2 )
=29.338/619.044
=4.74 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) 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 Flex Muniome Fund II's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=14.703/( (619.874+618.214)/ 2 )
=14.703/619.044
=0.02

* 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.

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 Flex Muniome Fund II Total Assets Related Terms

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RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Business Description

Traded in Other Exchanges
N/A
Address
360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
RiverNorth Flex Muni Income Fund II Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
Executives
Scott Sprauer officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley director, officer: President 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Robert A Dimella officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Petty officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mackay Shields Llc officer: Sub-Adviser 1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
David Dowden officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
John M Loffredo officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Patrick Burke officer: Portfolio Manager C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
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
Jonathan M. Mohrhardt officer: Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654

RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Headlines