Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Net Margin % : 94.10% (As of Jan. 2024)

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What is Virtus Convertible &ome 2024 Target Term Fund Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Virtus Convertible &ome 2024 Target Term Fund's Net Income for the six months ended in Jan. 2024 was $2.54 Mil. Virtus Convertible &ome 2024 Target Term Fund's Revenue for the six months ended in Jan. 2024 was $2.69 Mil. Therefore, Virtus Convertible &ome 2024 Target Term Fund's net margin for the quarter that ended in Jan. 2024 was 94.10%.

The historical rank and industry rank for Virtus Convertible &ome 2024 Target Term Fund's Net Margin % or its related term are showing as below:

CBH' s Net Margin % Range Over the Past 10 Years
Min: 83.58 Med: 95.39 Max: 98.14
Current: 95.39

CBH's Net Margin % is ranked better than
61.52% of 1666 companies
in the Asset Management industry
Industry Median: 86.925 vs CBH: 95.39

Virtus Convertible &ome 2024 Target Term Fund Net Margin % Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term Fund's Net Margin % 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 Convertible &ome 2024 Target Term Fund Net Margin % Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data

Trend

Feb19

Feb20

Feb21

Jan23

Jan24

Net Margin %

93.96

96.33

98.14

83.58

95.39

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24
Net Margin %	Get a 7-Day Free Trial							88.83	102.95	96.85	96.23	94.10

Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Net Margin %

For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term Fund's Net Margin %, along with its competitors' market caps and Net Margin % 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.

Virtus Convertible &ome 2024 Target Term Fund's Net Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Net Margin % falls into.

Virtus Convertible &ome 2024 Target Term Fund Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Virtus Convertible &ome 2024 Target Term Fund's Net Margin for the fiscal year that ended in Jan. 2024 is calculated as

Net Margin	=	Net Income (A: Jan. 2024 )	/	Revenue (A: Jan. 2024 )
	=	6.544	/	6.86
	=	95.39 %

Virtus Convertible &ome 2024 Target Term Fund's Net Margin for the quarter that ended in Jan. 2024 is calculated as

Net Margin	=	Net Income (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2.535	/	2.694
	=	94.10 %

Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Virtus Convertible &ome 2024 Target Term Fund Net Margin % Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://us.allianzgi.com

AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.

Executives

R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Alan Rappaport	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass	other: Portfolio Manager	1345 AVE OF THE AMERICAS, NEW YORK NY 10105