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ETO (Eaton Vance Tax-advtgd Global Divid Oppo) ROE % : 38.59% (As of Apr. 2024)


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What is Eaton Vance Tax-advtgd Global Divid Oppo ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Eaton Vance Tax-advtgd Global Divid Oppo's annualized net income for the quarter that ended in Apr. 2024 was $155.80 Mil. Eaton Vance Tax-advtgd Global Divid Oppo's average Total Stockholders Equity over the quarter that ended in Apr. 2024 was $403.71 Mil. Therefore, Eaton Vance Tax-advtgd Global Divid Oppo's annualized ROE % for the quarter that ended in Apr. 2024 was 38.59%.

The historical rank and industry rank for Eaton Vance Tax-advtgd Global Divid Oppo's ROE % or its related term are showing as below:

ETO' s ROE % Range Over the Past 10 Years
Min: -27.36   Med: 10.48   Max: 39.53
Current: 16.41

During the past 7 years, Eaton Vance Tax-advtgd Global Divid Oppo's highest ROE % was 39.53%. The lowest was -27.36%. And the median was 10.48%.

ETO's ROE % is ranked better than
80.91% of 1671 companies
in the Asset Management industry
Industry Median: 6.43 vs ETO: 16.41

Eaton Vance Tax-advtgd Global Divid Oppo ROE % Historical Data

The historical data trend for Eaton Vance Tax-advtgd Global Divid Oppo'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 Tax-advtgd Global Divid Oppo ROE % Chart

Eaton Vance Tax-advtgd Global Divid Oppo Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROE %
Get a 7-Day Free Trial 16.67 1.75 39.53 -27.36 10.48

Eaton Vance Tax-advtgd Global Divid Oppo Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -33.62 -20.91 26.60 -6.24 38.59

Competitive Comparison of Eaton Vance Tax-advtgd Global Divid Oppo's ROE %

For the Asset Management subindustry, Eaton Vance Tax-advtgd Global Divid Oppo'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 Tax-advtgd Global Divid Oppo's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Tax-advtgd Global Divid Oppo's ROE % distribution charts can be found below:

* The bar in red indicates where Eaton Vance Tax-advtgd Global Divid Oppo's ROE % falls into.



Eaton Vance Tax-advtgd Global Divid Oppo ROE % Calculation

Eaton Vance Tax-advtgd Global Divid Oppo's annualized ROE % for the fiscal year that ended in Oct. 2023 is calculated as

ROE %=Net Income (A: Oct. 2023 )/( (Total Stockholders Equity (A: Oct. 2022 )+Total Stockholders Equity (A: Oct. 2023 ))/ count )
=38.382/( (360.448+371.81)/ 2 )
=38.382/366.129
=10.48 %

Eaton Vance Tax-advtgd Global Divid Oppo's annualized ROE % for the quarter that ended in Apr. 2024 is calculated as

ROE %=Net Income (Q: Apr. 2024 )/( (Total Stockholders Equity (Q: Oct. 2023 )+Total Stockholders Equity (Q: Apr. 2024 ))/ count )
=155.796/( (371.81+435.609)/ 2 )
=155.796/403.7095
=38.59 %

* 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 (Apr. 2024) net income data. ROE % is displayed in the 30-year financial page.


Eaton Vance Tax-advtgd Global Divid Oppo  (NYSE:ETO) 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: Apr. 2024 )
=Net Income/Total Stockholders Equity
=155.796/403.7095
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(155.796 / 156.39)*(156.39 / 512.7985)*(512.7985 / 403.7095)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.62 %*0.305*1.2702
=ROA %*Equity Multiplier
=30.38 %*1.2702
=38.59 %

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: Apr. 2024 )
=Net Income/Total Stockholders Equity
=155.796/403.7095
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (155.796 / 155.796) * (155.796 / 156.39) * (156.39 / 512.7985) * (512.7985 / 403.7095)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 99.62 % * 0.305 * 1.2702
=38.59 %

Note: The net income data used here is two times the semi-annual (Apr. 2024) net income data. The Revenue data used here is two times the semi-annual (Apr. 2024) 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 Tax-advtgd Global Divid Oppo ROE % Related Terms

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Eaton Vance Tax-advtgd Global Divid Oppo Business Description

Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Eaton Vance Tax-advtgd Global Divid Oppo is a diversified, closed-end management investment company. Its investment objective is to provide a high level of after-tax total return consisting of tax-advantaged dividend income and capital appreciation. The fund pursues its objective by investing in dividend-paying common and preferred stocks. The portfolio of investments consists of capital markets, chemicals, diversified, beverages, banks, electric utilities, oil, gas and consumable fuels, personal products, and other areas.
Executives
Derek Digregorio other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda officer: Officer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Williams Ray Kelly Jr officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Joseph M Mehlman officer: Portfolio Manager MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVENUE, FLOOR 20, NEW YORK NY 10036
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Marcus L. Smith other: Trustee 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
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