RiverNorth Managed Duration Municipal Income Fund Inc (RMM) - Cash Flow Conversion Efficiency
Based on the latest financial reports, RiverNorth Managed Duration Municipal Income Fund Inc (RMM) has a cash flow conversion efficiency ratio of 0.007x as of June 2022. 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 ($2.23 Million) by net assets ($324.06 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See RMM cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
RiverNorth Managed Duration Municipal Income Fund Inc - Cash Flow Conversion Efficiency Trend (2019–2024)
This chart illustrates how RiverNorth Managed Duration Municipal Income Fund Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data.
RiverNorth Managed Duration Municipal Income Fund Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of RiverNorth Managed Duration Municipal Income Fund Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Taiwan Tea Corp
TW:2913
|
0.004x |
|
Keysino Separation Technology Inc
SHE:300899
|
0.007x |
|
Linhai Co Ltd
SHG:600099
|
0.432x |
|
Kina Securities Ltd
AU:KSL
|
0.015x |
|
TruBridge Inc.
NASDAQ:TBRG
|
0.075x |
|
Baazar Style Retail Limited
NSE:STYLEBAAZA
|
0.240x |
|
Shanghai Kaytune Industrial Co.Ltd
SHE:301001
|
N/A |
|
enCore Energy Corp. Common Shares
NYSE MKT:EU
|
-0.073x |
Annual Cash Flow Conversion Efficiency for RiverNorth Managed Duration Municipal Income Fund Inc (2019–2024)
The table below shows the annual cash flow conversion efficiency of RiverNorth Managed Duration Municipal Income Fund Inc from 2019 to 2024. For the full company profile with market capitalisation and key ratios, see RMM market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $290.50 Million | $36.89 Million | 0.127x | +9.51% |
| 2023-12-31 | $324.93 Million | $37.67 Million | 0.116x | -1.19% |
| 2022-12-31 | $321.30 Million | $37.70 Million | 0.117x | +1605.03% |
| 2021-12-31 | $324.06 Million | $2.23 Million | 0.007x | -93.03% |
| 2020-12-31 | $406.81 Million | $40.14 Million | 0.099x | +105.86% |
| 2019-12-31 | $359.37 Million | $-604.82 Million | -1.683x | -- |
About RiverNorth Managed Duration Municipal Income Fund Inc
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund e… Read more