Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Selling, General, & Admin. Expense : $0.36 Mil (TTM As of Nov. 2023)

Tortoise Energy Independence Fund, Selling, General, & Admin. Expense Chart

Tortoise Energy Independence Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Selling, General, & Admin. Expense	Get a 7-Day Free Trial								0.22	0.16	0.17	0.20	0.17

Competitive Comparison of Tortoise Energy Independence Fund,'s Selling, General, & Admin. Expense

For the Asset Management subindustry, Tortoise Energy Independence Fund,'s Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.

Tortoise Energy Independence Fund,'s Selling, General, & Admin. Expense Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Independence Fund,'s Selling, General, & Admin. Expense falls into.

Tortoise Energy Independence Fund, Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.36 Mil.

* 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.

Tortoise Energy Independence Fund,  (NYSE:NDP) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.

Tortoise Energy Independence Fund, Selling, General, & Admin. Expense Related Terms

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Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description