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Eaton Vance Durationome Fund Piotroski F-Score

: 5 (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Eaton Vance Durationome Fund has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Eaton Vance Durationome Fund's Piotroski F-Score or its related term are showing as below:

AMEX:EVV' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

2
7

During the past 11 years, the highest Piotroski F-Score of Eaton Vance Durationome Fund was 7. The lowest was 2. And the median was 5.


Eaton Vance Durationome Fund Piotroski F-Score Historical Data

The historical data trend for Eaton Vance Durationome Fund's Piotroski F-Score 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
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 2.00 6.00 4.00 5.00

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
Piotroski F-Score 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 6.00 - 4.00 - 5.00

Competitive Comparison

For the Asset Management subindustry, Eaton Vance Durationome Fund's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score Distribution

For the Asset Management industry and Financial Services sector, Eaton Vance Durationome Fund's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Eaton Vance Durationome Fund's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Mar21) TTM:Last Year (Mar20) TTM:
Net Income was $350.7 Mil.
Cash Flow from Operations was $194.2 Mil.
Revenue was $353.6 Mil.
Average Total Assets from the begining of this year (Mar20)
to the end of this year (Mar21) was (2210.369 + 2534.478) / 2 = $2372.4235 Mil.
Total Assets at the begining of this year (Mar20) was $2,210.4 Mil.
Long-Term Debt & Capital Lease Obligation was $570.0 Mil.
Total Assets was $2,534.5 Mil.
Total Liabilities was $742.8 Mil.
Net Income was $-188.7 Mil.

Revenue was $-186.7 Mil.
Average Total Assets from the begining of last year (Mar19)
to the end of last year (Mar20) was (2633.854 + 2210.369) / 2 = $2422.1115 Mil.
Total Assets at the begining of last year (Mar19) was $2,633.9 Mil.
Long-Term Debt & Capital Lease Obligation was $525.0 Mil.
Total Assets was $2,210.4 Mil.
Total Liabilities was $629.1 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Eaton Vance Durationome Fund's current Net Income (TTM) was 350.7. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Eaton Vance Durationome Fund's current Cash Flow from Operations (TTM) was 194.2. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar20)
=350.742/2210.369
=0.15868029

ROA (Last Year)=Net Income/Total Assets (Mar19)
=-188.704/2633.854
=-0.07164558

Eaton Vance Durationome Fund's return on assets of this year was 0.15868029. Eaton Vance Durationome Fund's return on assets of last year was -0.07164558. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Eaton Vance Durationome Fund's current Net Income (TTM) was 350.7. Eaton Vance Durationome Fund's current Cash Flow from Operations (TTM) was 194.2. ==> 194.2 <= 350.7 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=570/2372.4235
=0.24026064

Gearing (Last Year: Mar20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar19 to Mar20
=525/2422.1115
=0.21675303

Eaton Vance Durationome Fund's gearing of this year was 0.24026064. Eaton Vance Durationome Fund's gearing of last year was 0.21675303. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Mar21)=Total Assets/Total Liabilities
=2534.478/742.783
=3.41213787

Current Ratio (Last Year: Mar20)=Total Assets/Total Liabilities
=2210.369/629.101
=3.51353598

Eaton Vance Durationome Fund's current ratio of this year was 3.41213787. Eaton Vance Durationome Fund's current ratio of last year was 3.51353598. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Eaton Vance Durationome Fund's number of shares in issue this year was 115.852. Eaton Vance Durationome Fund's number of shares in issue last year was 115.948. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=350.742/353.557
=0.99203806

Net Margin (Last Year: TTM)=Net Income/Revenue
=-188.704/-186.652
=1.01099372

Eaton Vance Durationome Fund's net margin of this year was 0.99203806. Eaton Vance Durationome Fund's net margin of last year was 1.01099372. ==> Last year's net margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar20)
=353.557/2210.369
=0.15995384

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar19)
=-186.652/2633.854
=-0.07086649

Eaton Vance Durationome Fund's asset turnover of this year was 0.15995384. Eaton Vance Durationome Fund's asset turnover of last year was -0.07086649. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+0+0+1+0+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Eaton Vance Durationome Fund has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Eaton Vance Durationome Fund  (AMEX:EVV) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Eaton Vance Durationome Fund Piotroski F-Score Related Terms

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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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