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Virtus Dividend, Interest & Premium Strategy Fund Asset Turnover

: -0.01 (As of Jan. 2022)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Virtus Dividend, Interest & Premium Strategy Fund's Revenue for the six months ended in Jan. 2022 was $-14.6 Mil. Virtus Dividend, Interest & Premium Strategy Fund's Total Assets for the quarter that ended in Jan. 2022 was $1,595.9 Mil. Therefore, Virtus Dividend, Interest & Premium Strategy Fund's Asset Turnover for the quarter that ended in Jan. 2022 was -0.01.

Asset Turnover is linked to ROE % through Du Pont Formula. Virtus Dividend, Interest & Premium Strategy Fund's annualized ROE % for the quarter that ended in Jan. 2022 was -1.92%. It is also linked to ROA % through Du Pont Formula. Virtus Dividend, Interest & Premium Strategy Fund's annualized ROA % for the quarter that ended in Jan. 2022 was -1.90%.


Virtus Dividend, Interest & Premium Strategy Fund Asset Turnover Historical Data

The historical data trend for Virtus Dividend, Interest & Premium Strategy 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.

Virtus Dividend, Interest & Premium Strategy Fund Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22
Asset Turnover
0.11 -0.06 0.12 0.12 0.13

Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 -0.02 0.14 0.14 -0.01

Virtus Dividend, Interest & Premium Strategy Fund Asset Turnover Calculation

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

Virtus Dividend, Interest & Premium Strategy Fund's Asset Turnover for the fiscal year that ended in Jan. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jan. 2022 )/( (Total Assets (A: Jan. 2021 )+Total Assets (A: Jan. 2022 ))/ count )
=193.084/( (1446.048+1582.146)/ 2 )
=193.084/1514.097
=0.13

Virtus Dividend, Interest & Premium Strategy Fund's Asset Turnover for the quarter that ended in Jan. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2022 )/( (Total Assets (Q: Jul. 2021 )+Total Assets (Q: Jan. 2022 ))/ count )
=-14.56/( (1609.667+1582.146)/ 2 )
=-14.56/1595.9065
=-0.01

* 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.


Virtus Dividend, Interest & Premium Strategy Fund  (NYSE:NFJ) Asset Turnover Explanation

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

Virtus Dividend, Interest & Premium Strategy Fund's annulized ROE % for the quarter that ended in Jan. 2022 is

ROE %**(Q: Jan. 2022 )
=Net Income/Total Stockholders Equity
=-30.264/1577.268
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-30.264 / -29.12)*(-29.12 / 1595.9065)*(1595.9065/ 1577.268)
=Net Margin %*Asset Turnover*Equity Multiplier
=103.93 %*-0.0182*1.0118
=ROA %*Equity Multiplier
=-1.90 %*1.0118
=-1.92 %

Note: The Net Income data used here is two times the semi-annual (Jan. 2022) net income data. The Revenue data used here is two times the semi-annual (Jan. 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:

Virtus Dividend, Interest & Premium Strategy Fund's annulized ROA % for the quarter that ended in Jan. 2022 is

ROA %(Q: Jan. 2022 )
=Net Income/Total Assets
=-30.264/1595.9065
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-30.264 / -29.12)*(-29.12 / 1595.9065)
=Net Margin %*Asset Turnover
=103.93 %*-0.0182
=-1.90 %

Note: The Net Income data used here is two times the semi-annual (Jan. 2022) net income data. The Revenue data used here is two times the semi-annual (Jan. 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.


Virtus Dividend, Interest & Premium Strategy Fund Asset Turnover Related Terms

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Virtus Dividend, Interest & Premium Strategy Fund Business Description

Virtus Dividend, Interest & Premium Strategy Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. Its primary investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.
Executives
Mowrey John R. other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Oliver Thomas W Jr other: Affiliated Person 2121 SAN JACINTO DRIVE DALLAS TX 75201
Pushpaharan Gem other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Viggiano John other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Cogan Sarah E director 1633 BROADWAY NEW YORK NY 10019
Macleod James S director 250 E KILBOURN AVE MILWAUKEE WI 53202
Parker Jeffrey D other: See Remarks 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
Holt Erick director 1633 BROADWAY NEW YORK NY 10019
Ruckman Craig officer: Assistant Secretary 1633 BROADWAY NEW YORK NY 10019
Rappaport Alan director C/O PIMCO 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660
Magnuson Paul A other: Portfolio Manager 2121 SAN JACINTO, SUITE 1840 DALLAS TX 75201
Mildner Heiko other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Thompson Kathleen C. other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Fischer Ben J other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Grau William other: SEE REMARKS C/O ALLIANZ GLOBAL INVESTORS U.S. LLC 1633 BROADWAY NEW YORK NY 10019

Virtus Dividend, Interest & Premium Strategy Fund Headlines

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