GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Delaware Investments Div & Income Fund, Inc (NYSE:DDF) » Definitions » Asset Turnover

Delaware Investments Div &ome Fund, (Delaware Investments Div &ome Fund,) Asset Turnover : -0.00 (As of Nov. 2022)


View and export this data going back to . Start your Free Trial

What is Delaware Investments Div &ome 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. Delaware Investments Div &ome Fund,'s Revenue for the six months ended in Nov. 2022 was $-0.33 Mil. Delaware Investments Div &ome Fund,'s Total Assets for the quarter that ended in Nov. 2022 was $97.98 Mil. Therefore, Delaware Investments Div &ome Fund,'s Asset Turnover for the quarter that ended in Nov. 2022 was -0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Delaware Investments Div &ome Fund,'s annualized ROE % for the quarter that ended in Nov. 2022 was -1.63%. It is also linked to ROA % through Du Pont Formula. Delaware Investments Div &ome Fund,'s annualized ROA % for the quarter that ended in Nov. 2022 was -1.22%.


Delaware Investments Div &ome Fund, Asset Turnover Historical Data

The historical data trend for Delaware Investments Div &ome 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.

Delaware Investments Div &ome Fund, Asset Turnover Chart

Delaware Investments Div &ome Fund, Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Asset Turnover
Get a 7-Day Free Trial 0.02 0.07 -0.04 0.13 -

Delaware Investments Div &ome Fund, Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.09 0.13 - 0.01 -

Competitive Comparison of Delaware Investments Div &ome Fund,'s Asset Turnover

For the Asset Management subindustry, Delaware Investments Div &ome 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.


Delaware Investments Div &ome Fund,'s Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Delaware Investments Div &ome Fund,'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Delaware Investments Div &ome Fund,'s Asset Turnover falls into.



Delaware Investments Div &ome Fund, Asset Turnover Calculation

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

Delaware Investments Div &ome Fund,'s Asset Turnover for the fiscal year that ended in Nov. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2022 )/( (Total Assets (A: Nov. 2021 )+Total Assets (A: Nov. 2022 ))/ count )
=0.226/( (110.035+96.147)/ 2 )
=0.226/103.091
=0.00

Delaware Investments Div &ome Fund,'s Asset Turnover for the quarter that ended in Nov. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Nov. 2022 )/( (Total Assets (Q: May. 2022 )+Total Assets (Q: Nov. 2022 ))/ count )
=-0.328/( (99.809+96.147)/ 2 )
=-0.328/97.978
=-0.00

* 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 Div &ome Fund,  (NYSE:DDF) Asset Turnover Explanation

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

Delaware Investments Div &ome Fund,'s annulized ROE % for the quarter that ended in Nov. 2022 is

ROE %**(Q: Nov. 2022 )
=Net Income/Total Stockholders Equity
=-1.2/73.5805
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.2 / -0.656)*(-0.656 / 97.978)*(97.978/ 73.5805)
=Net Margin %*Asset Turnover*Equity Multiplier
=182.93 %*-0.0067*1.3316
=ROA %*Equity Multiplier
=-1.22 %*1.3316
=-1.63 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2022) net income data. The Revenue data used here is two times the semi-annual (Nov. 2022) 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 Div &ome Fund,'s annulized ROA % for the quarter that ended in Nov. 2022 is

ROA %(Q: Nov. 2022 )
=Net Income/Total Assets
=-1.2/97.978
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.2 / -0.656)*(-0.656 / 97.978)
=Net Margin %*Asset Turnover
=182.93 %*-0.0067
=-1.22 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2022) net income data. The Revenue data used here is two times the semi-annual (Nov. 2022) 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 Div &ome Fund, Asset Turnover Related Terms

Thank you for viewing the detailed overview of Delaware Investments Div &ome Fund,'s Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Delaware Investments Div &ome Fund, (Delaware Investments Div &ome Fund,) Business Description

Traded in Other Exchanges
N/A
Address
610 Market Street, Philadelphia, PA, USA, 19106
Delaware Investments Div & Income Fund, Inc is a diversified closed-end management investment company. The company's investment objective is to seek high current income, while its secondary objective is capital appreciation. The Fund seeks to achieve its objectives by investing at least 65% of its total assets in income-generating equity securities across any market capitalization, including dividend-paying common stocks, convertible securities, preferred stocks, and other equity-related securities; and rest in the nonconvertible debt securities.
Executives
Joseph Jr Harroz director 2511 MCGEE DRIVE, NORMAN OK 73072-6704
Sandra Aj Lawrence director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Harry Jeffrey Dobbs director 6300 LAMAR AVENUE, OVERLAND PARK KS 66202
Erin Ksenak officer: Portfolio Manager 100 INDEPENDENCE, 610 MARKET STREET, PHILADELPHIA PA 19106
Scot F Thompson officer: Portfolio Manager 100 INDEPENDENCE, 610 MARKET STREET, PHILADELPHIA PA 19106
Juergen Wurzer officer: Portfolio Manager 100 INDEPENDENCE, 610 MARKET STREET, PHILADELPHIA PA 19106
Stefan Loewenthal officer: Portfolio Manager 100 INDEPENDENCE, 610 MARKET STREET, PHILADELPHIA PA 19106
Benjamin Leung officer: Portfolio Manager 100 INDEPENDENCE, 610 MARKET STREET, PHILADELPHIA PA 19106
Michael Wildstein officer: Head of Credit&Insurance/PM 610 MARKET STREET, PHILADELPHIA PA 19106
Christopher Gowlland officer: Portfolio Manager 2005 MARKET STREET, PHILADELPHIA PA 19103
Jerome Abernathy director 2005 MARKET STREET, PHILADELPHIA PA 19103
Christianna Wood director 330 OLD Y ROAD, GOLDEN CO 80401
Shawn Lytle officer: President/CEO C/O DELAWARE INVESTMENTS, 2005 MARKET STREET, PHILADELPHIA PA 19103
Ann Dully Borowiec director, officer: Board Member C/O DELAWARE INVESTMENTS, 2005 MARKET STREET, PHILADELPHIA PA 19103
Christopher M Testa other: Sr.VP/Sr. Portfolio Manager C/O DELAWARE INVESTMENTS, 2005 MARKET STREET, PHILADELPHIA PA 19103

Delaware Investments Div &ome Fund, (Delaware Investments Div &ome Fund,) Headlines