RiverNorth Managed Duration Municipal Income Fund Inc Cash Flow Conversion Efficiency
RiverNorth Managed Duration Municipal Income Fund Inc 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.
Cash Flow Conversion Efficiency of RiverNorth Managed Duration Municipal Income Fund Inc (2019–2024)
Cash flow conversion efficiency of RiverNorth Managed Duration Municipal Income Fund Inc from 2019 to 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. View RMM stock price and chart for real-time trading data and today's change.
RiverNorth Managed Duration Municipal Income Fund Inc Cash Flow Conversion Ratio Explained
RiverNorth Managed Duration Municipal Income Fund Inc 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.
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. Also see market value of RiverNorth Managed Duration Municipal In for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Parrot
PA:PARRO
|
-0.061x |
|
Liaoning SG Automotive Group Co Ltd
SHG:600303
|
-0.081x |
|
Erdene Resource Development Corp
TO:ERD
|
-0.018x |
|
V Zug Holding Ag
SW:VZUG
|
0.001x |
|
Linhai Co Ltd
SHG:600099
|
0.428x |
|
Jiangsu Daybright Intelligent Electric Co Ltd
SHE:300670
|
0.029x |
|
Avjennings Ltd
AU:AVJ
|
0.025x |
|
ARYZTA UN.ADR 1/2 SF -02
F:YZAU
|
N/A |
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. Review cash generation quality of RiverNorth Managed Duration Municipal In 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 |
|---|---|---|---|---|
| 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