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Delaware Investments Natl Muniome Asset Turnover

: 0.03 (As of Sep. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Delaware Investments Natl Muniome's Revenue for the six months ended in Sep. 2021 was $2.70 Mil. Delaware Investments Natl Muniome's Total Assets for the quarter that ended in Sep. 2021 was $98.42 Mil. Therefore, Delaware Investments Natl Muniome's Asset Turnover for the quarter that ended in Sep. 2021 was 0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Delaware Investments Natl Muniome's annualized ROE % for the quarter that ended in Sep. 2021 was 7.55%. It is also linked to ROA % through Du Pont Formula. Delaware Investments Natl Muniome's annualized ROA % for the quarter that ended in Sep. 2021 was 5.21%.


Delaware Investments Natl Muniome Asset Turnover Historical Data

The historical data trend for Delaware Investments Natl Muniome's Asset Turnover 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.

Delaware Investments Natl Muniome Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.03 0.04 - 0.08

Delaware Investments Natl Muniome Semi-Annual Data
Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 -0.04 0.04 0.04 0.03

Delaware Investments Natl Muniome Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Delaware Investments Natl Muniome's Asset Turnover for the fiscal year that ended in Mar. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2021 )/( (Total Assets (A: Mar. 2020 )+Total Assets (A: Mar. 2021 ))/ count )
=7.961/( (93.402+97.452)/ 2 )
=7.961/95.427
=0.08

Delaware Investments Natl Muniome's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=2.7/( (97.452+99.383)/ 2 )
=2.7/98.4175
=0.03

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Delaware Investments Natl Muniome  (AMEX:VFL) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Delaware Investments Natl Muniome's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=5.126/67.8635
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.126 / 5.4)*(5.4 / 98.4175)*(98.4175/ 67.8635)
=Net Margin %*Asset Turnover*Equity Multiplier
=94.93 %*0.0549*1.4502
=ROA %*Equity Multiplier
=5.21 %*1.4502
=7.55 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2021) net income data. The Revenue data used here is two times the semi-annual (Sep. 2021) revenue 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Delaware Investments Natl Muniome's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=5.126/98.4175
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.126 / 5.4)*(5.4 / 98.4175)
=Net Margin %*Asset Turnover
=94.93 %*0.0549
=5.21 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2021) net income data. The Revenue data used here is two times the semi-annual (Sep. 2021) revenue 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.


Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Delaware Investments Natl Muniome Asset Turnover Related Terms

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Delaware Investments Natl Muniome Business Description

Delaware Investments Natl Muniome logo
Industry
Financial Services » Asset Management NAICS : 523920 SIC : 6799
Traded in Other Exchanges
N/A
Address
610 Market Street, Philadelphia, PA, USA, 19106
Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund seeks to provide current income exempt from regular federal income tax consistent with the preservation of capital.
Executives
Wells Fargo Bank N A 10 percent owner 101 NORTH PHILLIPS AVENUE SIOUX FALLS SD 57104
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET NEW YORK NY 10003
Toronto Dominion Bank 10 percent owner 66 WELLINGTON STREET WEST 15TH FLOOR, TD TOWER TORONTO, ONTARIO A6 M5K 1A2
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN SUITE 1950 HOUSTON TX 77010
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE WILMINGTON DE 19808
Van Roden Jake officer: SVP/Portfolio Manager 2005 MARKET STREET PHILADELPHIA PA 19103
Wood Christianna director 330 OLD Y ROAD GOLDEN CO 80401
Abernathy Jerome director 2005 MARKET STREET PHILADELPHIA PA 19103
Lytle Shawn director, officer: Trustee C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103
Borowiec Ann Dully director, officer: Board Member C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103
Chow Joseph W director STATE STREET CORP 225 FRANKLIN ST BOSTON MA 02110
Whitford Thomas K director 249 FIFTH AVE P1-POPP-30-1 PITTSBURGH PA 15222
Gizzi Gregory A. officer: VP/Portfolio Manager C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103
Sevilla-sacasa Frances Aldrich director 3 GREENWAY PLAZA SUITE 1300 HOUSTON TX 77046
Zecher Richard director 2 SUTTON PLACE SOUTH, 19A NEW YORK NY 10022

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