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Duff & Phelps Utility & Infrastructure Fund (Duff & Phelps Utility & Infrastructure Fund) Asset Turnover : -0.10 (As of Oct. 2023)


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What is Duff & Phelps Utility & Infrastructure 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. Duff & Phelps Utility & Infrastructure Fund's Revenue for the six months ended in Oct. 2023 was $-55.84 Mil. Duff & Phelps Utility & Infrastructure Fund's Total Assets for the quarter that ended in Oct. 2023 was $588.31 Mil. Therefore, Duff & Phelps Utility & Infrastructure Fund's Asset Turnover for the quarter that ended in Oct. 2023 was -0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Duff & Phelps Utility & Infrastructure Fund's annualized ROE % for the quarter that ended in Oct. 2023 was -26.99%. It is also linked to ROA % through Du Pont Formula. Duff & Phelps Utility & Infrastructure Fund's annualized ROA % for the quarter that ended in Oct. 2023 was -19.19%.


Duff & Phelps Utility & Infrastructure Fund Asset Turnover Historical Data

The historical data trend for Duff & Phelps Utility & Infrastructure 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.

Duff & Phelps Utility & Infrastructure Fund Asset Turnover Chart

Duff & Phelps Utility & Infrastructure Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Asset Turnover
Get a 7-Day Free Trial 0.11 -0.14 0.18 -0.02 -0.06

Duff & Phelps Utility & Infrastructure Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.04 -0.06 0.03 -0.10

Competitive Comparison of Duff & Phelps Utility & Infrastructure Fund's Asset Turnover

For the Asset Management subindustry, Duff & Phelps Utility & Infrastructure 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.


Duff & Phelps Utility & Infrastructure Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Duff & Phelps Utility & Infrastructure Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Duff & Phelps Utility & Infrastructure Fund's Asset Turnover falls into.



Duff & Phelps Utility & Infrastructure Fund Asset Turnover Calculation

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

Duff & Phelps Utility & Infrastructure Fund's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=-37.261/( (661.262+542.953)/ 2 )
=-37.261/602.1075
=-0.06

Duff & Phelps Utility & Infrastructure Fund's Asset Turnover for the quarter that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=-55.835/( (633.666+542.953)/ 2 )
=-55.835/588.3095
=-0.09

* 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.


Duff & Phelps Utility & Infrastructure Fund  (NYSE:DPG) Asset Turnover Explanation

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

Duff & Phelps Utility & Infrastructure Fund's annulized ROE % for the quarter that ended in Oct. 2023 is

ROE %**(Q: Oct. 2023 )
=Net Income/Total Stockholders Equity
=-112.894/418.2175
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-112.894 / -111.67)*(-111.67 / 588.3095)*(588.3095/ 418.2175)
=Net Margin %*Asset Turnover*Equity Multiplier
=101.1 %*-0.1898*1.4067
=ROA %*Equity Multiplier
=-19.19 %*1.4067
=-26.99 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2023) net income data. The Revenue data used here is two times the semi-annual (Oct. 2023) 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:

Duff & Phelps Utility & Infrastructure Fund's annulized ROA % for the quarter that ended in Oct. 2023 is

ROA %(Q: Oct. 2023 )
=Net Income/Total Assets
=-112.894/588.3095
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-112.894 / -111.67)*(-111.67 / 588.3095)
=Net Margin %*Asset Turnover
=101.1 %*-0.1898
=-19.19 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2023) net income data. The Revenue data used here is two times the semi-annual (Oct. 2023) 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.


Duff & Phelps Utility & Infrastructure Fund Asset Turnover Related Terms

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Duff & Phelps Utility & Infrastructure Fund (Duff & Phelps Utility & Infrastructure Fund) Business Description

Traded in Other Exchanges
N/A
Address
200 South Wacker Drive, Suite 500, Chicago, IL, USA, 60606
Duff & Phelps Utility & Infrastructure Fund Inc. is an investment fund. Its investment objective is to seek total return, resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income.
Executives
Grumhaus David D Jr. other: Officer of the Adviser 200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Eric Elvekrog other: Officer of Adviser 200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Mareile B. Cusack director DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi officer: CCO C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
Ellen Lyerly Elberfeld other: Officer of Investment Adviser DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Nikita K Thaker officer: Vice President* C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Bradley William Patrick Iii other: Officer of Adviser C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Jacqueline Porter officer: Vice President 100 PEARL STREET, HARTFORD CT 06103
Hoffman Clifford W. Jr. director C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
David J Vitale director C/O DNP SELECT INCOME FUND INC., 55 EAST MONROE ST, CHICAGO IL 60603
Christian H Poindexter director C/O BALTIMORE GAS AND ELECTRIC COMPANY, P.O. BOX 1475, BALTIMORE MD 21203
Deborah A Jansen officer: Chief Investment Officer 55 E MONROE ST 36TH FLOOR, CHICAGO IL 60603
Daniel Petrisko officer: Assistant Secretary 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Metropolitan Life Insurance Co/ny 10 percent owner 200 PARK AVENUE, NEW YORK NY 10166