GABELLI CONVERTIBLE &OME SECURITIES FUND (GABELLI CONVERTIBLE &OME SECURITIES FUND) ROE % : -1.88% (As of Dec. 2022)

View and export this data going back to . Start your Free Trial

What is GABELLI CONVERTIBLE &OME SECURITIES FUND ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. GABELLI CONVERTIBLE &OME SECURITIES FUND's annualized net income for the quarter that ended in Dec. 2022 was $-1.55 Mil. GABELLI CONVERTIBLE &OME SECURITIES FUND's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $82.60 Mil. Therefore, GABELLI CONVERTIBLE &OME SECURITIES FUND's annualized ROE % for the quarter that ended in Dec. 2022 was -1.88%.

The historical rank and industry rank for GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE % or its related term are showing as below:

GCV' s ROE % Range Over the Past 10 Years
Min: -40.82 Med: 1.96 Max: 26.51
Current: -40.82

During the past 7 years, GABELLI CONVERTIBLE &OME SECURITIES FUND's highest ROE % was 26.51%. The lowest was -40.82%. And the median was 1.96%.

GCV's ROE % is ranked worse than
95.88% of 1698 companies
in the Asset Management industry
Industry Median: 4.42 vs GCV: -40.82

GABELLI CONVERTIBLE &OME SECURITIES FUND ROE % Historical Data

The historical data trend for GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE % 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.

GABELLI CONVERTIBLE &OME SECURITIES FUND ROE % Chart

GABELLI CONVERTIBLE &OME SECURITIES FUND Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Sep23

ROE %

Get a 7-Day Free Trial

26.51

25.07

1.96

-31.62

0.59

GABELLI CONVERTIBLE &OME SECURITIES FUND Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
ROE %	Get a 7-Day Free Trial							9.76	-6.17	-60.26	-1.88	-

Competitive Comparison of GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE %

For the Asset Management subindustry, GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE %, along with its competitors' market caps and ROE % 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.

GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE % distribution charts can be found below:

* The bar in red indicates where GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE % falls into.

GABELLI CONVERTIBLE &OME SECURITIES FUND ROE % Calculation

GABELLI CONVERTIBLE &OME SECURITIES FUND's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %	=	Net Income (A: Sep. 2023 )	/	( (Total Stockholders Equity (A: Dec. 2022 )	+	Total Stockholders Equity (A: Sep. 2023 ))	/ count )
	=	0.457	/	( (80.247	+	74.486)	/ 2 )
	=	0.457	/	77.3665
	=	0.59 %

GABELLI CONVERTIBLE &OME SECURITIES FUND's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as

ROE %	=	Net Income (Q: Dec. 2022 )	/	( (Total Stockholders Equity (Q: Jun. 2022 )	+	Total Stockholders Equity (Q: Dec. 2022 ))	/ count )
	=	-1.55	/	( (84.957	+	80.247)	/ 2 )
	=	-1.55	/	82.602
	=	-1.88 %

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2022) net income data. ROE % is displayed in the 30-year financial page.

GABELLI CONVERTIBLE &OME SECURITIES FUND (NYSE:GCV) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

	ROE %		(Q: Dec. 2022 )
=	Net Income	/	Total Stockholders Equity
=	-1.55	/	82.602
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-1.55 / -0.982)	*	(-0.982 / 108.3225)	*	(108.3225 / 82.602)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	157.84 %	*	-0.0091	*	1.3114
=	ROA %	*	Equity Multiplier
=	-1.44 %	*	1.3114
=	-1.88 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

	ROE %		(Q: Dec. 2022 )
=	Net Income	/	Total Stockholders Equity
=	-1.55	/	82.602
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-1.55 / -1.55)	*	(-1.55 / -0.982)	*	(-0.982 / 108.3225)	*	(108.3225 / 82.602)
=	Tax Burden	*	Pretax Margin %	*	Asset Turnover	*	Equity Multiplier
=	1	*	157.84 %	*	-0.0091	*	1.3114
=	-1.88 %

Note: The net income data used here is two times the semi-annual (Dec. 2022) net income data. The Revenue data used here is two times the semi-annual (Dec. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
^* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

GABELLI CONVERTIBLE &OME SECURITIES FUND ROE % Related Terms

Thank you for viewing the detailed overview of GABELLI CONVERTIBLE &OME SECURITIES FUND's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.

GABELLI CONVERTIBLE &OME SECURITIES FUND (GABELLI CONVERTIBLE &OME SECURITIES FUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC (NYSE:GCV) » Definitions » ROE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC is a diversified closed-end management investment company. Its investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The company invests in various portfolios such as Health Care, Financial Services, Energy and Utilities, Telecommunications, Food and Beverage, Aerospace and Automotive and others. All the operation of the group is operated through the regions of United States.

Executives

Mario J Gabelli	director, 10 percent owner, officer: Chairman	191 MASON STREET, GREENWICH CT 06830
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Werner J Roeder	director	ONE CORPORATE CENTER, RYE NY 10580
Daniel Diss Harding	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Michael J Melarkey	director	ONE CORPORATE CENTER, RYE NY 10580
Dugald A Fletcher	director	111 WEST 57TH STREET, SUITE 1100, NEW YORK NY 10019
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Leslie Fahrenkopf Foley	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Vincent D Enright	director	ONE CORPORATE CENTER, RYE NY 10580
Thomas H Dinsmore	director	C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Joseph H Egan	officer: Acting Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019