What is Eaton Vance Durationome Fund Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Eaton Vance Durationome Fund's annualized net income for the quarter that ended in Sep. 2023 was $58.2 Mil. Eaton Vance Durationome Fund's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $1,203.9 Mil. Therefore, Eaton Vance Durationome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 4.84%.
The historical rank and industry rank for Eaton Vance Durationome Fund's Return-on-Tangible-Equity or its related term are showing as below:
EVV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.4 Med: 3.86 Max: 23.85
Current: 11.21
During the past 13 years, Eaton Vance Durationome Fund's highest Return-on-Tangible-Equity was 23.85%. The lowest was -12.40%. And the median was 3.86%.
EVV's Return-on-Tangible-Equity is ranked better than 70.47% of 1673
companies
in the Asset Management industry
Industry Median: 4.52
vs EVV: 11.21
Eaton Vance Durationome Fund Return-on-Tangible-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Eaton Vance Durationome Fund Return-on-Tangible-Equity Chart
Competitive Comparison of Eaton Vance Durationome Fund's Return-on-Tangible-Equity
For the Asset Management subindustry, Eaton Vance Durationome Fund's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eaton Vance Durationome Fund's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Durationome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Eaton Vance Durationome Fund's Return-on-Tangible-Equity falls into.
Eaton Vance Durationome Fund Return-on-Tangible-Equity Calculation
Eaton Vance Durationome Fund's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Eaton Vance Durationome Fund (AMEX:EVV) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Eaton Vance Durationome Fund Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Eaton Vance Durationome Fund's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Eaton Vance Durationome Fund (Eaton Vance Durationome Fund) Business Description
Eaton Vance Ltd Duration Income Fund is a diversified closed-end management investment company. The company's investment objective is to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation. The Fund invests primarily in Senior Floating-Rate Loans, Debt Obligations, Equity Securities, Derivatives as well as Foreign Securities and Currencies. The Fund invests in various industries, including aerospace and defense, automotive, building and development, healthcare, leisure amongst others.
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