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Morgan Stanley Emerging Markets Domestic Debt Fund (Morgan Stanley Emerging Markets Domestic Debt Fund) Asset Turnover : -0.03 (As of Oct. 2023)


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What is Morgan Stanley Emerging Markets Domestic Debt Fund Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Morgan Stanley Emerging Markets Domestic Debt Fund's Revenue for the six months ended in Oct. 2023 was $-13.44 Mil. Morgan Stanley Emerging Markets Domestic Debt Fund's Total Assets for the quarter that ended in Oct. 2023 was $391.77 Mil. Therefore, Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover for the quarter that ended in Oct. 2023 was -0.03.

Asset Turnover is linked to ROE % through Du Pont Formula. Morgan Stanley Emerging Markets Domestic Debt Fund's annualized ROE % for the quarter that ended in Oct. 2023 was -8.14%. It is also linked to ROA % through Du Pont Formula. Morgan Stanley Emerging Markets Domestic Debt Fund's annualized ROA % for the quarter that ended in Oct. 2023 was -7.16%.


Morgan Stanley Emerging Markets Domestic Debt Fund Asset Turnover Historical Data

The historical data trend for Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover 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.

Morgan Stanley Emerging Markets Domestic Debt Fund Asset Turnover Chart

Morgan Stanley Emerging Markets Domestic Debt Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Asset Turnover
Get a 7-Day Free Trial 0.09 -0.04 0.01 -0.18 0.10

Morgan Stanley Emerging Markets Domestic Debt Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.02 -0.12 -0.07 0.13 -0.03

Competitive Comparison of Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover

For the Asset Management subindustry, Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover falls into.



Morgan Stanley Emerging Markets Domestic Debt Fund Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=38.669/( (389.714+362.555)/ 2 )
=38.669/376.1345
=0.10

Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover for the quarter that ended in Oct. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Oct. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=-13.437/( (420.987+362.555)/ 2 )
=-13.437/391.771
=-0.03

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Morgan Stanley Emerging Markets Domestic Debt Fund  (NYSE:EDD) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Morgan Stanley Emerging Markets Domestic Debt Fund's annulized ROE % for the quarter that ended in Oct. 2023 is

ROE %**(Q: Oct. 2023 )
=Net Income/Total Stockholders Equity
=-28.064/344.95
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-28.064 / -26.874)*(-26.874 / 391.771)*(391.771/ 344.95)
=Net Margin %*Asset Turnover*Equity Multiplier
=104.43 %*-0.0686*1.1357
=ROA %*Equity Multiplier
=-7.16 %*1.1357
=-8.14 %

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

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Morgan Stanley Emerging Markets Domestic Debt Fund's annulized ROA % for the quarter that ended in Oct. 2023 is

ROA %(Q: Oct. 2023 )
=Net Income/Total Assets
=-28.064/391.771
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-28.064 / -26.874)*(-26.874 / 391.771)
=Net Margin %*Asset Turnover
=104.43 %*-0.0686
=-7.16 %

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

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Morgan Stanley Emerging Markets Domestic Debt Fund Asset Turnover Related Terms

Thank you for viewing the detailed overview of Morgan Stanley Emerging Markets Domestic Debt Fund's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Morgan Stanley Emerging Markets Domestic Debt Fund (Morgan Stanley Emerging Markets Domestic Debt Fund) Business Description

Traded in Other Exchanges
N/A
Address
522 Fifth Avenue, New York, NY, USA, 10036
Morgan Stanley Emerging Markets Domestic Debt Fund Inc is a closed-end management investment company. The company's primary investment objective is to seek a high level of current income, with a secondary investment objective of long-term capital appreciation. It seeks to achieve investment objectives by investing, under normal circumstances, at least 80% of its managed assets in emerging markets domestic debt. The fund's portfolio includes sovereign, quasi-sovereign, corporate bonds in emerging markets.
Executives
Michael J Key officer: Vice President 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Brian Shaw officer: Portfolio Manager 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Patrick M Campbell officer: Portfolio Manager 1633 BROADWAY, 19TH FLOOR, NEW YORK NY 10019
Eddie Arthur Grier other: Advisory Board Member 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Frances Cashman other: Advisory Board Member MORGAN STANLEY INVESTMENT MANAGEMENT, 1633 BROADWAY 29TH FLOOR, NEW YORK NY 10019
Deidre Downes officer: Chief Compliance Officer 1633 BROADWAY, 29TH FLOOR, NEW YORK NY 10019
Patricia A Maleski director C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Timothy J Knierim officer: CCO 100 MULBERRY STREET, NEWARK NJ 07102
Sahil Tandon officer: Portfolio Manager 522 5TH AVE, NEW YORK NY 10036
Jakki L. Haussler director 221 EAST FOURTH STREET, CINCINNATI OH 45202
Nancy Everett director 1812 PARK AVE, RICHMOND VA 23220
Nystedt Bo Jens Andreas other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Warren John Mar other: Portfolio Manager 522 5TH AVENUE, NEW YORK NY 10036
Joseph C Benedetti officer: Vice President C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281
Michael Bozic director 400 THREE SPRINGS DR, WERITON WV 26062

Morgan Stanley Emerging Markets Domestic Debt Fund (Morgan Stanley Emerging Markets Domestic Debt Fund) Headlines

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