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Mfs Intermediate Highome Fund (Mfs Intermediate Highome Fund) ROA % : 7.13% (As of Nov. 2023)


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What is Mfs Intermediate Highome Fund ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mfs Intermediate Highome Fund's annualized Net Income for the quarter that ended in Nov. 2023 was $3.53 Mil. Mfs Intermediate Highome Fund's average Total Assets over the quarter that ended in Nov. 2023 was $49.46 Mil. Therefore, Mfs Intermediate Highome Fund's annualized ROA % for the quarter that ended in Nov. 2023 was 7.13%.

The historical rank and industry rank for Mfs Intermediate Highome Fund's ROA % or its related term are showing as below:

CIF' s ROA % Range Over the Past 10 Years
Min: -9.99   Med: 3.51   Max: 9.53
Current: 5.68

During the past 7 years, Mfs Intermediate Highome Fund's highest ROA % was 9.53%. The lowest was -9.99%. And the median was 3.51%.

CIF's ROA % is ranked better than
64.59% of 1714 companies
in the Asset Management industry
Industry Median: 2.89 vs CIF: 5.68

Mfs Intermediate Highome Fund ROA % Historical Data

The historical data trend for Mfs Intermediate Highome Fund's ROA % 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.

Mfs Intermediate Highome Fund ROA % Chart

Mfs Intermediate Highome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
ROA %
Get a 7-Day Free Trial 9.53 3.51 2.52 -9.99 5.65

Mfs Intermediate Highome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 -12.82 -7.02 4.29 7.13

Competitive Comparison of Mfs Intermediate Highome Fund's ROA %

For the Asset Management subindustry, Mfs Intermediate Highome Fund's ROA %, along with its competitors' market caps and ROA % 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.


Mfs Intermediate Highome Fund's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mfs Intermediate Highome Fund's ROA % distribution charts can be found below:

* The bar in red indicates where Mfs Intermediate Highome Fund's ROA % falls into.



Mfs Intermediate Highome Fund ROA % Calculation

Mfs Intermediate Highome Fund's annualized ROA % for the fiscal year that ended in Nov. 2023 is calculated as:

ROA %=Net Income (A: Nov. 2023 )/( (Total Assets (A: Nov. 2022 )+Total Assets (A: Nov. 2023 ))/ count )
=2.851/( (51.759+49.213)/ 2 )
=2.851/50.486
=5.65 %

Mfs Intermediate Highome Fund's annualized ROA % for the quarter that ended in Nov. 2023 is calculated as:

ROA %=Net Income (Q: Nov. 2023 )/( (Total Assets (Q: May. 2023 )+Total Assets (Q: Nov. 2023 ))/ count )
=3.526/( (49.705+49.213)/ 2 )
=3.526/49.459
=7.13 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Nov. 2023) net income data. ROA % is displayed in the 30-year financial page.


Mfs Intermediate Highome Fund  (NYSE:CIF) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Nov. 2023 )
=Net Income/Total Assets
=3.526/49.459
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3.526 / 3.762)*(3.762 / 49.459)
=Net Margin %*Asset Turnover
=93.73 %*0.0761
=7.13 %

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

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Mfs Intermediate Highome Fund ROA % Related Terms

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Mfs Intermediate Highome Fund (Mfs Intermediate Highome Fund) Business Description

Traded in Other Exchanges
N/A
Address
111 Huntington Avenue, Boston, MA, USA, 02199
Mfs Intermediate High Income Fund is a United States based diversified closed-end management investment company. Its investment objective is to seek high current income but may also consider capital appreciation. The fund invests a majority of its net assets, including borrowings for investment purposes, in high-income debt instruments. Its portfolio of investments includes investment in different sectors such as aerospace, automotive, broadcasting, building, business services, cable TV, chemicals, construction, and other sectors.
Executives
Linda Dougherty other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux other: CHIEF COMPLIANCE OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Manjit Singh director 111 HUNTINGTON AVENUE, BOSTON MA 02072
Jacques Jr Goulet other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Melissa Kennedy other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney officer: Officer of Advisor 111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael Skatrud other: Portfolio Manager MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 01760
Carol W. Geremia officer: PRESIDENT 111 HUNTINGTON AVENUE, BOSTON MA 02199
Kevin D Strain other: Officer of Advisor MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Clarence Jr Otis director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John A Caroselli director ONE METROTECH CENTER, BROOKLYN NY 11201
Heidi Hardin officer: Secretary MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Christopher R. Bohane officer: Assistant Secretary 111 HUNTINGTON AVENUE, BOSTON MA 02199

Mfs Intermediate Highome Fund (Mfs Intermediate Highome Fund) Headlines