* 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.
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Guggenheim Active Allocation Fund Asset Turnover Chart
Guggenheim Active Allocation Fund Annual Data
Trend
May22
May23
May24
Asset Turnover
-
-0.01
0.10
Guggenheim Active Allocation Fund Semi-Annual Data
Competitive Comparison of Guggenheim Active Allocation Fund's Asset Turnover
For the Asset Management subindustry, Guggenheim Active Allocation 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.
Guggenheim Active Allocation Fund's Asset Turnover Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Guggenheim Active Allocation Fund's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Guggenheim Active Allocation Fund's Asset Turnover falls into.
Guggenheim Active Allocation Fund Asset Turnover Calculation
Asset Turnover measures how quickly a company turns over its asset through sales.
* 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.
Guggenheim Active Allocation Fund (NYSE:GUG) Asset Turnover Explanation
Asset Turnover is linked to ROE % through Du Pont Formula.
Guggenheim Active Allocation Fund's annulizedROE % for the quarter that ended in Nov. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Nov. 2024) net income data. The Revenue data used here is two times the semi-annual (Nov. 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:
Guggenheim Active Allocation Fund's annulizedROA % for the quarter that ended in Nov. 2024 is
Note:
The Net Income data used here is two times the semi-annual (Nov. 2024) net income data. The Revenue data used here is two times the semi-annual (Nov. 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.
Guggenheim Active Allocation Fund Asset Turnover Related Terms
Thank you for viewing the detailed overview of Guggenheim Active Allocation Fund's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Guggenheim Active Allocation Fund Business Description
Guggenheim Active Allocation Fund is a diversified closed-end management investment company. The fund's investment objective is to maximize total return through a combination of current income and capital appreciation. The company invests in both fixed-income and other debt instruments selected from a variety of sectors and credit qualities, and may also invest in equities. It uses tactical asset allocation models to determine the optimal allocation of its assets between fixed-income and equity securities. A majority of its investments are made in corporate bonds and the rest in senior floating rate interests, asset-backed securities, preferred stocks, and other securities.
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