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Eaton Vance MA Muniome Trust (Eaton Vance MA Muniome Trust) Piotroski F-Score : 0 (As of May. 01, 2024)


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What is Eaton Vance MA Muniome Trust Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Eaton Vance MA Muniome Trust has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Eaton Vance MA Muniome Trust's Piotroski F-Score or its related term are showing as below:


Eaton Vance MA Muniome Trust Piotroski F-Score Historical Data

The historical data trend for Eaton Vance MA Muniome Trust's Piotroski F-Score can be seen below:

* 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 MA Muniome Trust Piotroski F-Score Chart

Eaton Vance MA Muniome Trust Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17
Piotroski F-Score
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Eaton Vance MA Muniome Trust Semi-Annual Data
May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18
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How is the Piotroski F-Score calculated?

* 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.

This Year (Nov17) TTM:Last Year (Nov16) TTM:
Net Income was $2.36 Mil.
Cash Flow from Operations was $2.27 Mil.
Revenue was $3.35 Mil.
Average Total Assets from the begining of this year (Nov16)
to the end of this year (Nov17) was (61.924 + 61.746) / 2 = $61.835 Mil.
Total Assets at the begining of this year (Nov16) was $61.92 Mil.
Long-Term Debt & Capital Lease Obligation was $0.92 Mil.
Total Assets was $61.75 Mil.
Total Liabilities was $17.75 Mil.
Net Income was $-0.72 Mil.

Revenue was $0.27 Mil.
Average Total Assets from the begining of last year (Nov15)
to the end of last year (Nov16) was (63.556 + 61.924) / 2 = $62.74 Mil.
Total Assets at the begining of last year (Nov15) was $63.56 Mil.
Long-Term Debt & Capital Lease Obligation was $1.92 Mil.
Total Assets was $61.92 Mil.
Total Liabilities was $18.81 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Eaton Vance MA Muniome Trust's current Net Income (TTM) was 2.36. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Eaton Vance MA Muniome Trust's current Cash Flow from Operations (TTM) was 2.27. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Nov16)
=2.357/61.924
=0.03806279

ROA (Last Year)=Net Income/Total Assets (Nov15)
=-0.723/63.556
=-0.01137579

Eaton Vance MA Muniome Trust's return on assets of this year was 0.03806279. Eaton Vance MA Muniome Trust's return on assets of last year was -0.01137579. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Eaton Vance MA Muniome Trust's current Net Income (TTM) was 2.36. Eaton Vance MA Muniome Trust's current Cash Flow from Operations (TTM) was 2.27. ==> 2.27 <= 2.36 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Nov17)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov16 to Nov17
=0.916/61.835
=0.01481362

Gearing (Last Year: Nov16)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov15 to Nov16
=1.915/62.74
=0.03052279

Eaton Vance MA Muniome Trust's gearing of this year was 0.01481362. Eaton Vance MA Muniome Trust's gearing of last year was 0.03052279. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Nov17)=Total Assets/Total Liabilities
=61.746/17.745
=3.47962806

Current Ratio (Last Year: Nov16)=Total Assets/Total Liabilities
=61.924/18.812
=3.29172868

Eaton Vance MA Muniome Trust's current ratio of this year was 3.47962806. Eaton Vance MA Muniome Trust's current ratio of last year was 3.29172868. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Eaton Vance MA Muniome Trust's number of shares in issue this year was 2.719. Eaton Vance MA Muniome Trust's number of shares in issue last year was 2.737. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=2.357/3.345
=0.70463378

Net Margin (Last Year: TTM)=Net Income/Revenue
=-0.723/0.268
=-2.69776119

Eaton Vance MA Muniome Trust's net margin of this year was 0.70463378. Eaton Vance MA Muniome Trust's net margin of last year was -2.69776119. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Nov16)
=3.345/61.924
=0.05401783

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov15)
=0.268/63.556
=0.00421675

Eaton Vance MA Muniome Trust's asset turnover of this year was 0.05401783. Eaton Vance MA Muniome Trust's asset turnover of last year was 0.00421675. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+1+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Eaton Vance MA Muniome Trust has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Eaton Vance MA Muniome Trust  (AMEX:MMV) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


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Eaton Vance MA Muniome Trust (Eaton Vance MA Muniome Trust) Business Description

Traded in Other Exchanges
N/A
Address
Eaton Vance MA Muni Income Trust is a non-diversified closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state. The trust invests primarily in debt securities issued by Massachusetts municipalities. Its strategy is to invest mainly in investment grade bonds. The trust may use interest rate hedging to moderate performance on both the upside and the downside of the market as well as to enhance the performance of the portfolio. Eaton Vance Management acts as an investment adviser of the trust.
Executives
Marcus L. Smith other: Trustee 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Froio Richard F Sr officer: Chief Compliance Officer C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Scott E Wennerholm other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Mark R Fetting other: Trustee LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laurie G Hylton officer: Chief Financial Officer 255 STATE STREET, BOSTON MA 02109
Group Ag Ubs other: Former 10% Owner BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Susan J Sutherland other: Trustee MONTPELIER HOUSE, 94 PITTS BAY ROAD, HAMILTON D0 HM 08
Cynthia Frost other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02148
George J. Gorman other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Lynn A Stout director C/O EATON VANCE, THE EATON VANCE BLDG., 255 STATE ST., BOSTON MA 02109
Valerie Mosley other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
James F Kirchner officer: Treasurer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Scott Eston other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110