GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Michigan Muni Income Trust (AMEX:EMI) » Definitions » Total Assets

Eaton Vance Michigan Muniome Trust (Eaton Vance Michigan Muniome Trust) Total Assets : $50.38 Mil (As of May. 2018)


View and export this data going back to 1993. Start your Free Trial

What is Eaton Vance Michigan Muniome Trust Total Assets?

Eaton Vance Michigan Muniome Trust's Total Assets for the quarter that ended in May. 2018 was $50.38 Mil.

During the past 12 months, Eaton Vance Michigan Muniome Trust's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was -0.50% per year. During the past 5 years, the average Total Assets Growth Rate was -0.20% per year.

During the past 8 years, Eaton Vance Michigan Muniome Trust's highest 3-Year average Total Assets Growth Rate was 3.10%. The lowest was -2.20%. And the median was -0.10%.

Total Assets is connected with ROA %. Eaton Vance Michigan Muniome Trust's annualized ROA % for the quarter that ended in May. 2018 was 0.86%. Total Assets is also linked to Revenue through Asset Turnover. Eaton Vance Michigan Muniome Trust's Asset Turnover for the quarter that ended in May. 2018 was 0.01.

Eaton Vance Michigan Muniome Trust Total Assets Historical Data

The historical data trend for Eaton Vance Michigan Muniome Trust's Total Assets 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 Michigan Muniome Trust Total Assets Chart

Eaton Vance Michigan Muniome Trust Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17
Total Assets
Get a 7-Day Free Trial 44.91 48.09 47.27 47.86 47.22

Eaton Vance Michigan Muniome Trust Semi-Annual Data
May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18
Total Assets Get a 7-Day Free Trial 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 48.74 47.86 49.54 47.22 50.38

Eaton Vance Michigan Muniome Trust Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Eaton Vance Michigan Muniome Trust's Total Assets for the fiscal year that ended in Nov. 2017 is calculated as

Total Assets=Total Equity (A: Nov. 2017 )+Total Liabilities (A: Nov. 2017 )
=30.357+16.86
=47.22

Eaton Vance Michigan Muniome Trust's Total Assets for the quarter that ended in May. 2018 is calculated as

Total Assets=Total Equity (Q: May. 2018 )+Total Liabilities (Q: May. 2018 )
=29.441+20.935
=50.38

* 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.

Eaton Vance Michigan Muniome Trust  (AMEX:EMI) Total Assets Explanation

Total Assets is connected with ROA %.

Eaton Vance Michigan Muniome Trust's annualized ROA % for the quarter that ended in May. 2018 is

ROA %=Net Income (Q: May. 2018 )/( (Total Assets (Q: Nov. 2017 )+Total Assets (Q: May. 2018 ))/ count )
=0.42/( (47.218+50.376)/ 2 )
=0.42/48.797
=0.86 %

Note: The Net Income data used here is two times the semi-annual (May. 2018) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Eaton Vance Michigan Muniome Trust's Asset Turnover for the quarter that ended in May. 2018 is

Asset Turnover
=Revenue (Q: May. 2018 )/( (Total Assets (Q: Nov. 2017 )+Total Assets (Q: May. 2018 ))/ count )
=0.713/( (47.218+50.376)/ 2 )
=0.713/48.797
=0.01

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Eaton Vance Michigan Muniome Trust Total Assets Related Terms

Thank you for viewing the detailed overview of Eaton Vance Michigan Muniome Trust's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Michigan Muni Income Trust (AMEX:EMI) » Definitions » Total Assets
Comparable Companies
IST:YESIL TSX:ERM HKSE:00905 XSWX:LUMX FRA:MT4 XBUL:6S5 IST:ATAGY XTER:L1OA JSE:ECS XTER:T5O BOM:511473 LSE:OCT OHAI MIL:LVEN XKRX:232270 XTER:GSJ BOM:511369 TSX:WCM.A LSE:TAN LSE:CYS
Traded in Other Exchanges
N/A
Address
Website
http://funds.eatonvance.com
Eaton Vance Michigan 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.
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
Froio Richard F Sr officer: Chief Compliance Officer C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Mark R Fetting other: Trustee LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Scott E Wennerholm other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Laurie G Hylton 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
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
George J. Gorman other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Cynthia Frost other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02148
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

Eaton Vance Michigan Muniome Trust (Eaton Vance Michigan Muniome Trust) Headlines

No Headlines