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ETX (Eaton Vance Municipalome 2028 Term Trust) ROE % : 3.36% (As of Jul. 2024)


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What is Eaton Vance Municipalome 2028 Term Trust ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Eaton Vance Municipalome 2028 Term Trust's annualized net income for the quarter that ended in Jul. 2024 was $6.90 Mil. Eaton Vance Municipalome 2028 Term Trust's average Total Stockholders Equity over the quarter that ended in Jul. 2024 was $205.57 Mil. Therefore, Eaton Vance Municipalome 2028 Term Trust's annualized ROE % for the quarter that ended in Jul. 2024 was 3.36%.

The historical rank and industry rank for Eaton Vance Municipalome 2028 Term Trust's ROE % or its related term are showing as below:

ETX' s ROE % Range Over the Past 10 Years
Min: -3.85   Med: 4.14   Max: 10.83
Current: 4.09

During the past 7 years, Eaton Vance Municipalome 2028 Term Trust's highest ROE % was 10.83%. The lowest was -3.85%. And the median was 4.14%.

ETX's ROE % is ranked worse than
60.38% of 1671 companies
in the Asset Management industry
Industry Median: 6.47 vs ETX: 4.09

Eaton Vance Municipalome 2028 Term Trust ROE % Historical Data

The historical data trend for Eaton Vance Municipalome 2028 Term Trust'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 Municipalome 2028 Term Trust ROE % Chart

Eaton Vance Municipalome 2028 Term Trust Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROE %
Get a 7-Day Free Trial 10.83 4.24 -1.38 -3.85 2.44

Eaton Vance Municipalome 2028 Term Trust Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 Premium Member Only -7.09 -0.55 0.10 4.82 3.36

Competitive Comparison of Eaton Vance Municipalome 2028 Term Trust's ROE %

For the Asset Management subindustry, Eaton Vance Municipalome 2028 Term Trust'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 Municipalome 2028 Term Trust's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Municipalome 2028 Term Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Eaton Vance Municipalome 2028 Term Trust's ROE % falls into.



Eaton Vance Municipalome 2028 Term Trust ROE % Calculation

Eaton Vance Municipalome 2028 Term Trust's annualized ROE % for the fiscal year that ended in Jan. 2024 is calculated as

ROE %=Net Income (A: Jan. 2024 )/( (Total Stockholders Equity (A: Jan. 2023 )+Total Stockholders Equity (A: Jan. 2024 ))/ count )
=5.064/( (209.342+206.39)/ 2 )
=5.064/207.866
=2.44 %

Eaton Vance Municipalome 2028 Term Trust's annualized ROE % for the quarter that ended in Jul. 2024 is calculated as

ROE %=Net Income (Q: Jul. 2024 )/( (Total Stockholders Equity (Q: Jan. 2024 )+Total Stockholders Equity (Q: Jul. 2024 ))/ count )
=6.898/( (206.39+204.747)/ 2 )
=6.898/205.5685
=3.36 %

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


Eaton Vance Municipalome 2028 Term Trust  (NYSE:ETX) 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: Jul. 2024 )
=Net Income/Total Stockholders Equity
=6.898/205.5685
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.898 / 7.168)*(7.168 / 230.8215)*(230.8215 / 205.5685)
=Net Margin %*Asset Turnover*Equity Multiplier
=96.23 %*0.0311*1.1228
=ROA %*Equity Multiplier
=2.99 %*1.1228
=3.36 %

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: Jul. 2024 )
=Net Income/Total Stockholders Equity
=6.898/205.5685
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (6.898 / 6.898) * (6.898 / 7.168) * (7.168 / 230.8215) * (230.8215 / 205.5685)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 96.23 % * 0.0311 * 1.1228
=3.36 %

Note: The net income data used here is two times the semi-annual (Jul. 2024) net income data. The Revenue data used here is two times the semi-annual (Jul. 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 Municipalome 2028 Term Trust ROE % Related Terms

Thank you for viewing the detailed overview of Eaton Vance Municipalome 2028 Term Trust's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Eaton Vance Municipalome 2028 Term Trust Business Description

Traded in Other Exchanges
N/A
Address
One Post Office Square, Boston, MA, USA, 02109
Eaton Vance Municipal Income 2028 Term Trust is a closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. The fund invests in various sectors such as a bond bank, education, housing, electric utilities, transportation, and others.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda officer: Officer 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
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
Julie P Callahan other: Portfolio Manager 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
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee 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
Craig R Brandon other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Mark R Fetting other: Trustee LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202

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