During the past 12 months, Tortoise Energy Independence Fund,'s average Total Assets Growth Rate was -4.10% per year.
During the past 3 years, the average Total Assets Growth Rate was 24.30% per year.
During the past 5 years, the average Total Assets Growth Rate was -14.40% per year.
During the past 7 years, Tortoise Energy Independence Fund,'s highest 3-Year average Total Assets Growth Rate was 24.30%. The lowest was -48.20%. And the median was -21.35%.
* 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.
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Tortoise Energy Independence Fund, Total Assets Chart
Tortoise Energy Independence Fund, Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
* 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) Total Assets Explanation
Note:
The Net Income data used here is two times the semi-annual (Nov. 2023) data.
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.
Total Assets is linked to total revenue through Asset Turnover.
Tortoise Energy Independence Fund,'s Asset Turnover for the quarter that ended in Nov. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Tortoise Energy Independence Fund, Total Assets Related Terms
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Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description
Tortoise Energy Independence Fund, Inc. is a non-diversified closed-end management investment company. Its primary investment objective to seek a high level of total return with an emphasis on current distributions. The fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a presence in North American oil and gas fields, including shale reservoirs.
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