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Eaton Vance Durationome Fund ROA %

: 9.17% (As of Mar. 2021)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Eaton Vance Durationome Fund's annualized Net Income for the quarter that ended in Mar. 2021 was $227.1 Mil. Eaton Vance Durationome Fund's average Total Assets over the quarter that ended in Mar. 2021 was $2,476.1 Mil. Therefore, Eaton Vance Durationome Fund's annualized ROA % for the quarter that ended in Mar. 2021 was 9.17%.

The historical rank and industry rank for Eaton Vance Durationome Fund's ROA % or its related term are showing as below:

AMEX:EVV' s ROA % Range Over the Past 10 Years
Min: -7.79   Med: 2.68   Max: 14.78
Current: 14.69

-7.79
14.78

During the past 11 years, Eaton Vance Durationome Fund's highest ROA % was 14.78%. The lowest was -7.79%. And the median was 2.68%.

AMEX:EVV's ROA % is ranked lower than
99.99% of the 81 Companies
in the Asset Management industry.

( Industry Median: 2.12 vs. AMEX:EVV: 14.69 )

Eaton Vance Durationome Fund ROA % Historical Data

The historical data trend for Eaton Vance Durationome Fund's ROA % 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 Durationome Fund Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
ROA %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.21 2.68 2.37 -7.79 14.78

Eaton Vance Durationome Fund Semi-Annual Data
Oct10 Apr11 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.88 4.04 -19.96 20.50 9.17

Competitive Comparison

For the Asset Management subindustry, Eaton Vance Durationome Fund's ROA %, along with its competitors' market caps and ROA % 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 ROA % Distribution

For the Asset Management industry and Financial Services sector, Eaton Vance Durationome Fund's ROA % distribution charts can be found below:

* The bar in red indicates where Eaton Vance Durationome Fund's ROA % falls into.



Eaton Vance Durationome Fund ROA % Calculation

Eaton Vance Durationome Fund's annualized ROA % for the fiscal year that ended in Mar. 2021 is calculated as:

ROA %=Net Income (A: Mar. 2021 )/( (Total Assets (A: Mar. 2020 )+Total Assets (A: Mar. 2021 ))/ count )
=350.742/( (2210.369+2534.478)/ 2 )
=350.742/2372.4235
=14.78 %

Eaton Vance Durationome Fund's annualized ROA % for the quarter that ended in Mar. 2021 is calculated as:

ROA %=Net Income (Q: Mar. 2021 )/( (Total Assets (Q: Sep. 2020 )+Total Assets (Q: Mar. 2021 ))/ count )
=227.128/( (2417.767+2534.478)/ 2 )
=227.128/2476.1225
=9.17 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Mar. 2021) net income data. ROA % is displayed in the 30-year financial page.


Eaton Vance Durationome Fund  (AMEX:EVV) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2021 )
=Net Income/Total Assets
=227.128/2476.1225
=(Net Income / Revenue)*(Revenue / Total Assets)
=(227.128 / 230.622)*(230.622 / 2476.1225)
=Net Margin %*Asset Turnover
=98.48 %*0.0931
=9.17 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2021) net income data. The Revenue data used here is two times the semi-annual (Mar. 2021) revenue 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Eaton Vance Durationome Fund ROA % Related Terms

Thank you for viewing the detailed overview of Eaton Vance Durationome Fund's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Eaton Vance Durationome Fund Business Description

Eaton Vance Durationome Fund logo
Industry
Financial Services » Asset Management NAICS : 523920 SIC : 6799
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
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.
Executives
Stein Eric other: Portfolio Manager TWO INTERNATIONAL PLACE BOSTON MA 02110
Ubs Group Ag 10 percent owner BAHNHOFSTRASSE 45 ZURICH V8 CH-8001
Page Scott H other: Portfolio Manager 255 STATE STREET BOSTON MA 02109
Weilheimer Michael W other: Portfolio Manager PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: WEILHEIMER MICHAEL W a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Baccei Kelley other: Portfolio Manager TWO INTERNATIONAL PLACE BOSTON MA 02110
Taggart Harriett Tee other: Trustee 29400 LAKELAND BOULEVARD WICKLIFFE OH 44092
Quinton Keith other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Smith Marcus L. other: Trustee 555 17TH STREET, SUITE 3700 DCT INDUSTRIAL TRUST INC. DENVER CO 80202
Morgan Stanley 10 percent owner 1585 BROADWAY NEW YORK NY 10036
Froio Richard F Sr officer: Chief Compliance Officer C/O BISYS FUND SERVICES 60 STATE ST. BOSTON MA 02129
Eston Scott other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Verni Ralph F director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: VERNI RALPH F a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Fetting Mark R other: Trustee LEGG MASON, INC. 100 INTERNATIONAL DRIVE BALTIMORE MD 21202
Wennerholm Scott E other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Szczurowski Andrew other: Portfolio Manager TWO INTERNATIONAL PLACE BOSTON MA 02110
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