Calamos Global Total Return Fund(Cgo) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - total asset turnover
This chart shows the historical trend of total asset turnover for CGO compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Total Asset Turnover
Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.
Interpretation:
• In '2021', CGO's total asset turnover was 0.21, reflecting overall efficiency in utilizing assets. Industry average for Investment Managers in '2021' stood at 0.30.
• In '2022', CGO's total asset turnover was -0.27, reflecting overall efficiency in utilizing assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Investment Managers in '2022' stood at 0.06. Industry average declined by 0.24 from previous year.
• In '2023', CGO's total asset turnover was 0.04, reflecting overall efficiency in utilizing assets. The increase since '2022' reflects strengthening financial performance. Industry average for Investment Managers in '2023' stood at 0.14. Industry average increased by 0.07 compared to previous year.
• In '2024', CGO's total asset turnover was 0.23, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Investment Managers in '2024' stood at 0.20. Industry average increased by 0.06 compared to previous year.
Overall, CGO's total asset turnover has been volatile but showed an upward trend over the past 4 years.
Formula: Total Asset Turnover = Net Sales / Total Assets
Good Range: Ranges from 0.5 to 2 depending on business type.