DTF Tax Free Income Closed Fund Cash Flow Conversion Efficiency
DTF Tax Free Income Closed Fund cash flow conversion efficiency. Based on the latest financial reports, DTF Tax Free Income Closed Fund (DTF) has a cash flow conversion efficiency ratio of 0.455x as of October 2023. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($38.30 Million) by net assets ($84.20 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of DTF Tax Free Income Closed Fund (2006–2023)
Cash flow conversion efficiency of DTF Tax Free Income Closed Fund from 2006 to 2023. This chart illustrates how DTF Tax Free Income Closed Fund's cash flow conversion efficiency has evolved over time, based on yearly financial data. View DTF Tax Free Income Closed Fund stock price for real-time trading data and today's change.
DTF Tax Free Income Closed Fund Cash Flow Conversion Ratio Explained
DTF Tax Free Income Closed Fund cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
DTF Tax Free Income Closed Fund Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of DTF Tax Free Income Closed Fund ranked by their cash flow conversion efficiency. Also see DTF Tax Free Income Closed Fund market capitalisation for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
NoiBai Cargo Terminal Services JSC
VN:NCT
|
0.072x |
|
Acset Indonusa Tbk
JK:ACST
|
-0.226x |
|
Vow ASA
OL:VOW
|
0.300x |
|
Coloray International Investment Co. Ltd
KQ:900310
|
0.003x |
|
Platform Turizm Tasimacilik AS
IS:PLTUR
|
0.015x |
|
RGB International Bhd
KLSE:0037
|
-0.039x |
|
Hennessy Ad
NASDAQ:HNNA
|
0.023x |
|
Passus S.A.
WAR:PAS
|
0.419x |
Annual Cash Flow Conversion Efficiency for DTF Tax Free Income Closed Fund (2006–2023)
The table below shows the annual cash flow conversion efficiency of DTF Tax Free Income Closed Fund from 2006 to 2023. Review DTF cash flow after capex ratio to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-10-31 | $84.20 Million | $43.42 Million | 0.516x | +73.31% |
| 2022-10-31 | $83.86 Million | $24.95 Million | 0.298x | +12.65% |
| 2021-10-31 | $110.48 Million | $29.19 Million | 0.264x | +661.11% |
| 2020-10-31 | $134.50 Million | $4.67 Million | 0.035x | +28.03% |
| 2019-10-31 | $134.20 Million | $3.64 Million | 0.027x | -25.61% |
| 2018-10-31 | $189.66 Million | $6.91 Million | 0.036x | +60.77% |
| 2017-10-31 | $133.69 Million | $3.03 Million | 0.023x | -62.76% |
| 2016-10-31 | $138.97 Million | $8.46 Million | 0.061x | +43.26% |
| 2015-10-31 | $138.98 Million | $5.90 Million | 0.042x | +60.35% |
| 2014-10-31 | $142.23 Million | $3.77 Million | 0.026x | -76.80% |
| 2013-10-31 | $134.11 Million | $15.32 Million | 0.114x | +286.76% |
| 2008-10-31 | $183.76 Million | $-11.24 Million | -0.061x | -963.42% |
| 2007-10-31 | $200.10 Million | $1.42 Million | 0.007x | -79.61% |
| 2006-10-31 | $204.30 Million | $7.09 Million | 0.035x | -- |
About DTF Tax Free Income Closed Fund
DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pol… Read more