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Eaton Vance Durationome Fund ROE %

: 12.82% (As of Mar. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Eaton Vance Durationome Fund's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2021 was $226.8 Mil. Eaton Vance Durationome Fund's average Total Stockholders Equity over the quarter that ended in Mar. 2021 was $1,769.8 Mil. Therefore, Eaton Vance Durationome Fund's annualized ROE % for the quarter that ended in Mar. 2021 was 12.82%.

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

AMEX:EVV' s ROE % Range Over the Past 10 Years
Min: -11.23   Med: 3.49   Max: 20.75
Current: 20.5

-11.23
20.75

During the past 11 years, Eaton Vance Durationome Fund's highest ROE % was 20.75%. The lowest was -11.23%. And the median was 3.49%.

AMEX:EVV's ROE % is ranked lower than
99.99% of the 69 Companies
in the Asset Management industry.

( Industry Median: 10.74 vs. AMEX:EVV: 20.50 )

Eaton Vance Durationome Fund ROE % Historical Data

The historical data trend for Eaton Vance Durationome Fund's ROE % 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
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.05 3.49 3.14 -11.23 20.75

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
ROE % 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 2.24 5.22 -28.14 28.41 12.82

Competitive Comparison

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

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

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



Eaton Vance Durationome Fund ROE % Calculation

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

ROE %=Net Income attributable to Common Stockholders (A: Mar. 2021 )/( (Total Stockholders Equity (A: Mar. 2020 )+Total Stockholders Equity (A: Mar. 2021 ))/ count )
=349.872/( (1581.269+1791.695)/ 2 )
=349.872/1686.482
=20.75 %

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

ROE %=Net Income attributable to Common Stockholders (Q: Mar. 2021 )/( (Total Stockholders Equity (Q: Sep. 2020 )+Total Stockholders Equity (Q: Mar. 2021 ))/ count )
=226.806/( (1747.98+1791.695)/ 2 )
=226.806/1769.8375
=12.82 %

* 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 ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is two times the semi-annual (Mar. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


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

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Mar. 2021 )
=Net Income/Total Stockholders Equity
=227.128/1769.8375
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(227.128 / 230.622)*(230.622 / 2476.1225)*(2476.1225 / 1769.8375)
=Net Margin %*Asset Turnover*Equity Multiplier
=98.48 %*0.0931*1.3991
=ROA %*Equity Multiplier
=9.17 %*1.3991
=12.83 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Mar. 2021 )
=Net Income/Total Stockholders Equity
=227.128/1769.8375
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (227.128 / 227.128) * (227.128 / 0) * (0 / 230.622) * (230.622 / 2476.1225) * (2476.1225 / 1769.8375)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * N/A * 0 % * 0.0931 * 1.3991
=12.83 %

Note: The net income attributable to common stockholders data used here is two times the semi-annual (Mar. 2021) net income attributable to common stockholders data. The Revenue data used here is two times the semi-annual (Mar. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Eaton Vance Durationome Fund ROE % Related Terms

Thank you for viewing the detailed overview of Eaton Vance Durationome Fund's ROE % 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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