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. Also see RMM market cap for the company's overall valuation and market capitalisation.
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. Explore RMM cash flow quality score to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Jiangsu Jingyuan Environmental Protection Co Ltd
SHG:688096
|
0.011x |
|
I-Sheng Electric Wire & Cable Co Ltd
TW:6115
|
-0.007x |
|
Pruksa Holding Public Company Limited
BK:PSH
|
0.039x |
|
Shanghai Baolijia Chemical Co. Ltd.
SHE:301037
|
N/A |
|
Zaggle Prepaid Ocean Services Limited
NSE:ZAGGLE
|
-0.024x |
|
Space Asset Acquisition Corp. Class A Ordinary Shares
NASDAQ:SAAQ
|
N/A |
|
Uni Chem
KO:011330
|
0.010x |
|
Eugene Inv&Sec
KO:001200
|
-0.384x |
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. View RiverNorth Managed Duration Municipal In share price for real-time trading data and today's change.
| 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