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Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments.
Eaton Vance NY Muniome Trust's 5-Year RORE % for the quarter that ended in May. 2021 was 0.00%.
EVY's 5-Year RORE % is not ranked *
in the Asset Management industry.
Industry Median: -2.54 * Ranked among companies with meaningful 5-Year RORE % only.
Eaton Vance NY Muniome Trust (AMEX:EVY) 5-Year RORE % Explanation
Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.
There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 5-year period is chosen.
Be Aware
Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.
Eaton Vance NY Muniome Trust 5-Year RORE % Related Terms
Eaton Vance NY Muniome Trust 5-Year RORE % Historical Data
* 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.
For the Asset Management subindustry, Eaton Vance NY Muniome Trust's 5-Year RORE %, along with its competitors' market caps and 5-Year RORE % 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 NY Muniome Trust 5-Year RORE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance NY Muniome Trust's 5-Year RORE % distribution charts can be found below:
* The bar in red indicates where Eaton Vance NY Muniome Trust's 5-Year RORE % falls into.
* 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 5-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in May. 2021 and 5-year before.
Eaton Vance NY Muniome Trust (EVY) has a 5-Year RORE % of 0.00 as of May. 2021. 5-Year RORE % shows how much a company earns by reinvesting its retained earnings in 5-year. View historical data on Eaton Vance NY Muniome Trust and its competitors.
Is Eaton Vance NY Muniome Trust's 5-Year RORE % too high?
Eaton Vance NY Muniome Trust's current 5-Year RORE % is 0.00. Overall, Eaton Vance NY Muniome Trust has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance NY Muniome Trust's 5-Year RORE % compare to OCCI and JEQ?
Eaton Vance NY Muniome Trust's 5-Year RORE % of 0.00 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year RORE % for an Asset Management company?
A good 5-Year RORE % depends on the Asset Management industry context. However, 5-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Year RORE % mean?
A high 5-Year RORE % can signal that a stock is expensive relative to its fundamentals. 5-Year RORE % shows how much a company earns by reinvesting its retained earnings in 5-year. View historical data on Eaton Vance NY Muniome Trust and its competitors. Eaton Vance NY Muniome Trust's current 5-Year RORE % is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance NY Muniome Trust stock overvalued right now?
Eaton Vance NY Muniome Trust (EVY) has a current 5-Year RORE % of 0.00. The current 5-Year RORE % is 0.00. Eaton Vance NY Muniome Trust's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year RORE % calculated?
5-Year RORE % is calculated from a company's financial statements. For Eaton Vance NY Muniome Trust (EVY), the current 5-Year RORE % is 0.00 as of May. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Eaton Vance NY Muni Income Trust is a United States-based non-diversified closed-end investment company. Its investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state. The trust invests in debt securities issued by New York municipalities. Its portfolio of investments consists of the hospital, real estate, and other areas.
16GF Score
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