Nuveen Corporate Income 2023 Target Term Fund (JHAA) Return on Equity (ROE)

Price: $9.7041
Market Cap: $74.64M
Avg Volume: 12.60K
Country: US
Industry: Asset Management - Income
Sector: Financial Services
Beta: 0
52W Range: $9.09-9.71
Website: Nuveen Corporate Income 2023 Target Term Fund

Return on Equity (ROE) Summary

Nuveen Corporate Income 2023 Target Term Fund's ROE measures the return generated on shareholders' equity:

  • Annual: -2.98%
  • Quarterly: -
  • TTM: -2.88%

What is Return on Equity (ROE)?

Return on Equity measures a company's ability to generate profits from its shareholders' equity. It indicates how effectively the management is using the company’s assets to create profits. A higher ROE generally reflects well on the company’s management and its ability to generate profits without needing as much capital.

Related Metrics

Other important metrics to assess Nuveen Corporate Income 2023 Target Term Fund's profitability include:

  • ROIC (Return on Invested Capital) - measures how effectively the company uses its invested capital to generate profits:
    • Annual: -1.61%
    • Quarterly: -
    • TTM: -1.61%
  • ROA (Return on Assets) - measures the return generated on the company's assets:
    • Annual: -2.14%
    • Quarterly: -
    • TTM: -2.14%
  • Profit Margin - indicates the profitability of the company relative to its revenue:
    • Annual: 107.73%
    • Quarterly: 0.00%
    • TTM: 107.73%

These metrics provide insights into Nuveen Corporate Income 2023 Target Term Fund's profitability and efficiency in using its capital and assets to generate returns. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Annual ROE

-2.98%

Quarterly ROE

-

TTM ROE

-2.88%

Nuveen Corporate Income 2023 Target Term Fund Historical ROE
10.46%10.46%7.77%7.77%5.08%5.08%2.39%2.39%-0.30%-0.30%-2.98%-2.98%ROE20192019Jul '19Jul '1920202020Jul '20Jul '2020212021Jul '21Jul '2120222022Jul '22Jul '2220232023
Historical ROIC
9.73%9.73%7.84%7.84%5.95%5.95%4.06%4.06%2.17%2.17%0.28%0.28%-1.61%-1.61%ROIC20192019Jul '19Jul '1920202020Jul '20Jul '2020212021Jul '21Jul '2120222022Jul '22Jul '2220232023
Historical ROA
7.71%7.71%5.74%5.74%3.77%3.77%1.80%1.80%-0.17%-0.17%-2.14%-2.14%ROA20192019Jul '19Jul '1920202020Jul '20Jul '2020212021Jul '21Jul '2120222022Jul '22Jul '2220232023

Nuveen Corporate Income 2023 Target Term Fund Historical Profitability Metrics

The table below shows various profitability metrics for each year, with the latest data available for the last fiscal year 2022.

Year ROE ROIC ROA Profit Margin
2022 -2.98% -1.61% -2.14% 107.73%
2021 3.85% 2.93% 2.86% 95.92%
2020 2.16% 1.63% 1.57% 91.19%
2019 10.46% 7.84% 7.71% 98.28%
2018 -0.06% -0.06% -0.06% 311.16%

Related Metrics

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