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Eaton Vance California Municipal Bond Fund II (AMEX:EIA) ROE %

: -4.66% (As of Sep. 2018)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Eaton Vance California Municipal Bond Fund II's annualized net income for the quarter that ended in Sep. 2018 was $-4.09 Mil. Eaton Vance California Municipal Bond Fund II's average Total Stockholders Equity over the quarter that ended in Sep. 2018 was $87.78 Mil. Therefore, Eaton Vance California Municipal Bond Fund II's annualized ROE % for the quarter that ended in Sep. 2018 was -4.66%.

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

EIA' s ROE % Range Over the Past 10 Years
Min: -3.83   Med: 3.87   Max: 17.86
Current: -0.33

During the past 9 years, Eaton Vance California Municipal Bond Fund II's highest ROE % was 17.86%. The lowest was -3.83%. And the median was 3.87%.

EIA's ROE % is not ranked
in the Asset Management industry.
Industry Median: -1.38 vs EIA: -0.33

Eaton Vance California Municipal Bond Fund II (AMEX:EIA) ROE % Historical Data

The historical data trend for Eaton Vance California Municipal Bond Fund II'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 California Municipal Bond Fund II Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.91 4.29 5.63 -0.30 -3.22

Eaton Vance California Municipal Bond Fund II Semi-Annual Data
Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18
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 5.17 -6.38 5.84 -3.30 -4.66

Eaton Vance California Municipal Bond Fund II (AMEX:EIA) ROE % Competitive Comparison

For the Asset Management subindustry, Eaton Vance California Municipal Bond Fund II'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 California Municipal Bond Fund II (AMEX:EIA) ROE % Distribution

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

* The bar in red indicates where Eaton Vance California Municipal Bond Fund II's ROE % falls into.



Eaton Vance California Municipal Bond Fund II ROE % Calculation

Eaton Vance California Municipal Bond Fund II's annualized ROE % for the fiscal year that ended in Sep. 2018 is calculated as

ROE %=Net Income (A: Sep. 2018 )/( (Total Stockholders Equity (A: Sep. 2017 )+Total Stockholders Equity (A: Sep. 2018 ))/ count )
=-2.867/( (51.118+127.198)/ 2 )
=-2.867/89.158
=-3.22 %

Eaton Vance California Municipal Bond Fund II's annualized ROE % for the quarter that ended in Sep. 2018 is calculated as

ROE %=Net Income (Q: Sep. 2018 )/( (Total Stockholders Equity (Q: Mar. 2018 )+Total Stockholders Equity (Q: Sep. 2018 ))/ count )
=-4.094/( (48.36+127.198)/ 2 )
=-4.094/87.779
=-4.66 %

* 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 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 data used here is two times the semi-annual (Sep. 2018) net income data. ROE % is displayed in the 30-year financial page.


Eaton Vance California Municipal Bond Fund II  (AMEX:EIA) 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: Sep. 2018 )
=Net Income/Total Stockholders Equity
=-4.094/87.779
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4.094 / 1.068)*(1.068 / 146.3575)*(146.3575 / 87.779)
=Net Margin %*Asset Turnover*Equity Multiplier
=-383.33 %*0.0073*1.6673
=ROA %*Equity Multiplier
=-2.8 %*1.6673
=-4.66 %

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: Sep. 2018 )
=Net Income/Total Stockholders Equity
=-4.094/87.779
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-4.094 / -4.094) * (-4.094 / 1.068) * (1.068 / 146.3575) * (146.3575 / 87.779)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * -383.33 % * 0.0073 * 1.6673
=-4.66 %

Note: The net income data used here is two times the semi-annual (Sep. 2018) net income data. The Revenue data used here is two times the semi-annual (Sep. 2018) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income 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 California Municipal Bond Fund II ROE % Related Terms

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Eaton Vance California Municipal Bond Fund II (AMEX:EIA) Business Description

Eaton Vance California Municipal Bond Fund II logo
Traded in Other Exchanges
N/A
Address
Eaton Vance California Municipal Bond Fund II is a closed-end investment company. Its objective is to provide current income exempt from regular federal income tax, including alternative minimum tax and in state-specific funds, tax in its specified state.
Executives
Smith Marcus L. other: Trustee 555 17TH STREET, SUITE 3700 DCT INDUSTRIAL TRUST INC. DENVER CO 80202
Quinton Keith other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Froio Richard F Sr officer: Chief Compliance Officer C/O BISYS FUND SERVICES 60 STATE ST. BOSTON MA 02129
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
Hylton Laurie G officer: Chief Financial Officer 255 STATE STREET BOSTON MA 02109
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER 100 N TRYON ST CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK NEW YORK NY 10036
Ubs Group Ag other: Former 10% Owner BAHNHOFSTRASSE 45 ZURICH V8 CH-8001
Sutherland Susan J other: Trustee MONTPELIER HOUSE 94 PITTS BAY ROAD HAMILTON D0 HM 08
Gorman George J. other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Frost Cynthia other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02148
Stout Lynn A director C/O EATON VANCE THE EATON VANCE BLDG., 255 STATE ST. BOSTON MA 02109
Mosley Valerie other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Kirchner James F officer: Treasurer TWO INTERNATIONAL PLACE BOSTON MA 02110

Eaton Vance California Municipal Bond Fund II (AMEX:EIA) Headlines

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