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KYN (Kayne Anderson Energy Infrastructure Fund,) Asset Turnover : 0.10 (As of May. 2024)


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What is Kayne Anderson Energy 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. Kayne Anderson Energy Infrastructure Fund,'s Revenue for the six months ended in May. 2024 was $266.8 Mil. Kayne Anderson Energy Infrastructure Fund,'s Total Assets for the quarter that ended in May. 2024 was $2,584.8 Mil. Therefore, Kayne Anderson Energy Infrastructure Fund,'s Asset Turnover for the quarter that ended in May. 2024 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Kayne Anderson Energy Infrastructure Fund,'s annualized ROE % for the quarter that ended in May. 2024 was 27.87%. It is also linked to ROA % through Du Pont Formula. Kayne Anderson Energy Infrastructure Fund,'s annualized ROA % for the quarter that ended in May. 2024 was 20.17%.


Kayne Anderson Energy Infrastructure Fund, Asset Turnover Historical Data

The historical data trend for Kayne Anderson Energy 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.

Kayne Anderson Energy Infrastructure Fund, Asset Turnover Chart

Kayne Anderson Energy Infrastructure Fund, Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Asset Turnover
Get a 7-Day Free Trial -0.04 -0.36 0.24 0.18 0.06

Kayne Anderson Energy Infrastructure Fund, Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 0.17 - -0.05 0.11 0.10

Competitive Comparison of Kayne Anderson Energy Infrastructure Fund,'s Asset Turnover

For the Asset Management subindustry, Kayne Anderson Energy 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.


Kayne Anderson Energy Infrastructure Fund,'s Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson Energy Infrastructure Fund,'s Asset Turnover distribution charts can be found below:

* The bar in red indicates where Kayne Anderson Energy Infrastructure Fund,'s Asset Turnover falls into.



Kayne Anderson Energy Infrastructure Fund, Asset Turnover Calculation

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

Kayne Anderson Energy Infrastructure Fund,'s Asset Turnover for the fiscal year that ended in Nov. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Nov. 2023 )/( (Total Assets (A: Nov. 2022 )+Total Assets (A: Nov. 2023 ))/ count )
=123.109/( (2004.657+2427.622)/ 2 )
=123.109/2216.1395
=0.06

Kayne Anderson Energy Infrastructure Fund,'s Asset Turnover for the quarter that ended in May. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: May. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: May. 2024 ))/ count )
=266.756/( (2427.622+2741.949)/ 2 )
=266.756/2584.7855
=0.10

* 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.


Kayne Anderson Energy Infrastructure Fund,  (NYSE:KYN) Asset Turnover Explanation

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

Kayne Anderson Energy Infrastructure Fund,'s annulized ROE % for the quarter that ended in May. 2024 is

ROE %**(Q: May. 2024 )
=Net Income/Total Stockholders Equity
=521.278/1870.67
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(521.278 / 533.512)*(533.512 / 2584.7855)*(2584.7855/ 1870.67)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.71 %*0.2064*1.3817
=ROA %*Equity Multiplier
=20.17 %*1.3817
=27.87 %

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

Kayne Anderson Energy Infrastructure Fund,'s annulized ROA % for the quarter that ended in May. 2024 is

ROA %(Q: May. 2024 )
=Net Income/Total Assets
=521.278/2584.7855
=(Net Income / Revenue)*(Revenue / Total Assets)
=(521.278 / 533.512)*(533.512 / 2584.7855)
=Net Margin %*Asset Turnover
=97.71 %*0.2064
=20.17 %

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


Kayne Anderson Energy Infrastructure Fund, Asset Turnover Related Terms

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Kayne Anderson Energy Infrastructure Fund, Business Description

Traded in Other Exchanges
N/A
Address
717 Texas Avenue, Suite 2200, Houston, TX, USA, 77002
Kayne Anderson Energy Infrastructure Fund, Inc is a non-diversified, closed-end fund. Its investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to the stockholder. The company seeks to achieve its objectives by investing a majority of its total assets in the securities of Energy Infrastructure companies.
Executives
James C Baker officer: Vice President C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P, 1800 AVENUE OF THE STARS, THIRD FLOOR, LOS ANGELES CA 90067
Kayne Anderson Capital Advisors Lp other: SEE NOTE (2) 2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067
Logan Ron M Jr officer: SENIOR VP PO BOX 131574, HOUSTON TX 77219
Terry A Hart officer: Treasurer and CFO 1000 LOUISIANA STREET SUITE 5800, HOUSTON TX 77002
John C Frey officer: Assistant Secretary C/O KAYNE ANDERSON CAPITAL ADVISORS LP, 1800 AVENUE OF THE STARS, LOS ANGELES CA 90067
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Carita Walker director 2519 PANORAMA TER, LOS ANGELES CA 90039
Principal Life Insurance Co 10 percent owner 711 HIGH STREET, DES MOINES IA 50392-0300
Caroline Ann Winn director 14914 VALLE DEL SUR COURT, SAN DIEGO CA 92127
Parker Austin Colby officer: Chief Financial Officer 811 MAIN STREET, 14TH FLOOR, HOUSTON TX 77002
William R Cordes director 17237 HOWARD PLAZA, OMAHA NE 68118
Guardian Life Insurance Co Of America 10 percent owner 10 HUDSON YARDS, NY NY 10001
Guardian Insurance & Annuity Co Inc 10 percent owner 10 HUDSON YARDS, 22 FLOOR, NEW YORK NY 10001
Thrivent Financial For Lutherans 10 percent owner 901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211
Michael J Levitt director KAYNE ANDERSON CAPITAL ADVISORS, L.P., 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067

Kayne Anderson Energy Infrastructure Fund, Headlines

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