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CCD (Calamos Dynamic Convertible andome Fund) Asset Turnover : 0.06 (As of Oct. 2024)


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What is Calamos Dynamic Convertible andome Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Calamos Dynamic Convertible andome Fund's Revenue for the six months ended in Oct. 2024 was $45.9 Mil. Calamos Dynamic Convertible andome Fund's Total Assets for the quarter that ended in Oct. 2024 was $815.4 Mil. Therefore, Calamos Dynamic Convertible andome Fund's Asset Turnover for the quarter that ended in Oct. 2024 was 0.06.

Asset Turnover is linked to ROE % through Du Pont Formula. Calamos Dynamic Convertible andome Fund's annualized ROE % for the quarter that ended in Oct. 2024 was 17.95%. It is also linked to ROA % through Du Pont Formula. Calamos Dynamic Convertible andome Fund's annualized ROA % for the quarter that ended in Oct. 2024 was 11.20%.


Calamos Dynamic Convertible andome Fund Asset Turnover Historical Data

The historical data trend for Calamos Dynamic Convertible andome Fund'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.

Calamos Dynamic Convertible andome Fund Asset Turnover Chart

Calamos Dynamic Convertible andome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Asset Turnover
Get a 7-Day Free Trial 0.21 0.22 -0.23 -0.02 0.15

Calamos Dynamic Convertible andome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.07 0.01 -0.03 0.09 0.06

Competitive Comparison of Calamos Dynamic Convertible andome Fund's Asset Turnover

For the Asset Management subindustry, Calamos Dynamic Convertible andome Fund's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Calamos Dynamic Convertible andome Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos Dynamic Convertible andome Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Calamos Dynamic Convertible andome Fund's Asset Turnover falls into.



Calamos Dynamic Convertible andome Fund Asset Turnover Calculation

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

Calamos Dynamic Convertible andome Fund's Asset Turnover for the fiscal year that ended in Oct. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2024 )/( (Total Assets (A: Oct. 2023 )+Total Assets (A: Oct. 2024 ))/ count )
=115.868/( (763.594+824.073)/ 2 )
=115.868/793.8335
=0.15

Calamos Dynamic Convertible andome Fund's Asset Turnover for the quarter that ended in Oct. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=45.863/( (806.701+824.073)/ 2 )
=45.863/815.387
=0.06

* 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.


Calamos Dynamic Convertible andome Fund  (NAS:CCD) Asset Turnover Explanation

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

Calamos Dynamic Convertible andome Fund's annulized ROE % for the quarter that ended in Oct. 2024 is

ROE %**(Q: Oct. 2024 )
=Net Income/Total Stockholders Equity
=91.288/508.6785
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(91.288 / 91.726)*(91.726 / 815.387)*(815.387/ 508.6785)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.52 %*0.1125*1.603
=ROA %*Equity Multiplier
=11.20 %*1.603
=17.95 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2024) net income data. The Revenue data used here is two times the semi-annual (Oct. 2024) 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:

Calamos Dynamic Convertible andome Fund's annulized ROA % for the quarter that ended in Oct. 2024 is

ROA %(Q: Oct. 2024 )
=Net Income/Total Assets
=91.288/815.387
=(Net Income / Revenue)*(Revenue / Total Assets)
=(91.288 / 91.726)*(91.726 / 815.387)
=Net Margin %*Asset Turnover
=99.52 %*0.1125
=11.20 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2024) net income data. The Revenue data used here is two times the semi-annual (Oct. 2024) 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.


Calamos Dynamic Convertible andome Fund Asset Turnover Related Terms

Thank you for viewing the detailed overview of Calamos Dynamic Convertible andome Fund's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Calamos Dynamic Convertible andome Fund Business Description

Traded in Other Exchanges
N/A
Address
2020 Calamos Court, Naperville, IL, USA, 60563-2787
Calamos Dynamic Convertible and Income Fund operates as a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation. It predominantly invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.
Executives
Erik D. Ojala officer: VP, Sec'y & Chief Legal Off. 2020 CALAMOS CT., NAPERVILLE IL 60563
Mark Mickey officer: Chief Compliance Officer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Susan L Schoenberger officer: VP and Assistant Secretary 2020 CALAMOS COURT, NAPERVILLE IL 60563
Northwestern Mutual Life Insurance Co 10 percent owner 720 EAST WISCONSIN AVENUE, MILWAUKEE WI 53202
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Thrivent Financial For Lutherans 10 percent owner 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211
Daniel Dufresne officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Stephen Atkins officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
David D Tripple director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Christopher M Toub director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Karen Stuckey director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Dave Vanisko officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos John P Sr director, officer: Chairman & President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos Family Partners, Inc. other: Ultimate Parent of Inv Adviser 2020 CALAMOS COURT, NAPERVILLE IL 60563
Lloyd Wennlund director 2020 CALAMOS COURT, NAPERVILLE IL 60563

Calamos Dynamic Convertible andome Fund Headlines

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