Eaton Vance CA Muniome Trust (Eaton Vance CA Muniome Trust) Sloan Ratio % : 0.00% (As of Nov. 2023)

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What is Eaton Vance CA Muniome Trust Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Eaton Vance CA Muniome Trust's Sloan Ratio for the quarter that ended in Nov. 2023 was 0.00%.

As of Nov. 2023, Eaton Vance CA Muniome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Eaton Vance CA Muniome Trust Sloan Ratio % Historical Data

The historical data trend for Eaton Vance CA Muniome Trust's Sloan Ratio % 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.

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Eaton Vance CA Muniome Trust Sloan Ratio % Chart

Eaton Vance CA Muniome Trust Annual Data

Trend

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Sloan Ratio %

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Eaton Vance CA Muniome Trust Semi-Annual Data
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Competitive Comparison of Eaton Vance CA Muniome Trust's Sloan Ratio %

For the Asset Management subindustry, Eaton Vance CA Muniome Trust's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 CA Muniome Trust's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance CA Muniome Trust's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Eaton Vance CA Muniome Trust's Sloan Ratio % falls into.

Eaton Vance CA Muniome Trust Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Eaton Vance CA Muniome Trust's Sloan Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Nov. 2023 )	-	Cash Flow from Operations (A: Nov. 2023 )
	-	Cash Flow from Investing (A: Nov. 2023 ))	/	Total Assets (A: Nov. 2023 )
	=	(2.497	-	13.122
	-	0)	/	114.108
	=	-9.31%

Eaton Vance CA Muniome Trust's Sloan Ratio for the quarter that ended in Nov. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Nov. 2023 )
	=	(2.498	-	13.122
	-	0)	/	114.108
	=	-9.31%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Eaton Vance CA Muniome Trust's Net Income for the trailing twelve months (TTM) ended in Nov. 2023 was 1.221 (May. 2023 ) + 1.277 (Nov. 2023 ) = $2.50 Mil.
Eaton Vance CA Muniome Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2023 was 9.567 (May. 2023 ) + 3.555 (Nov. 2023 ) = $13.12 Mil.
Eaton Vance CA Muniome Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2023 was 0 (May. 2023 ) + 0 (Nov. 2023 ) = $0.00 Mil.

Eaton Vance CA Muniome Trust (AMEX:CEV) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Nov. 2023, Eaton Vance CA Muniome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Eaton Vance CA Muniome Trust Sloan Ratio % Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance CA Muni Income Trust (AMEX:CEV) » Definitions » Sloan Ratio %

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Address

Two International Place, Boston, MA, USA, 02110

Website

https://www.eatonvance.com

Eaton Vance CA Muni Income Trust is a non-diversified closed-end investment company. The company's investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state. Its portfolio of investments includes cogeneration, education, hospital, housing, industrial development revenue, electric utilities, special tax revenue, transportation, and others.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Kenneth A Topping	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Carl Thompson	other: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr	other: Management Committee of Eaton	255 STATE STREET, BOSTON MA 02109
Anchal Pachnanda	officer: Officer	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser	other: Trustee	WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh	officer: Vice President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Trevor G Smith	officer: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Marcus L. Smith	other: Trustee	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202