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EIM (Eaton Vance Municipal Bond Fund) Sloan Ratio % : 0.00% (As of Sep. 2024)


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What is Eaton Vance Municipal Bond Fund Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Eaton Vance Municipal Bond Fund's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.

As of Sep. 2024, Eaton Vance Municipal Bond Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Eaton Vance Municipal Bond Fund Sloan Ratio % Historical Data

The historical data trend for Eaton Vance Municipal Bond Fund's Sloan Ratio % 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.

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Eaton Vance Municipal Bond Fund Sloan Ratio % Chart

Eaton Vance Municipal Bond Fund Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Sloan Ratio %
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Eaton Vance Municipal Bond Fund Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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Competitive Comparison of Eaton Vance Municipal Bond Fund's Sloan Ratio %

For the Asset Management subindustry, Eaton Vance Municipal Bond Fund's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Municipal Bond Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Municipal Bond Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Eaton Vance Municipal Bond Fund's Sloan Ratio % falls into.



Eaton Vance Municipal Bond Fund Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Eaton Vance Municipal Bond Fund's Sloan Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2024 )-Cash Flow from Operations (A: Sep. 2024 )
-Cash Flow from Investing (A: Sep. 2024 ))/Total Assets (A: Sep. 2024 )
=(100.613-232.662
-0)/991.763
=-13.31%

Eaton Vance Municipal Bond Fund's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(100.613-232.661
-0)/991.763
=-13.31%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Eaton Vance Municipal Bond Fund's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 79.129 (Mar. 2024 ) + 21.484 (Sep. 2024 ) = $100.6 Mil.
Eaton Vance Municipal Bond Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 48.526 (Mar. 2024 ) + 184.135 (Sep. 2024 ) = $232.7 Mil.
Eaton Vance Municipal Bond Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Mar. 2024 ) + 0 (Sep. 2024 ) = $0.0 Mil.

* 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 Municipal Bond Fund  (AMEX:EIM) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Sep. 2024, Eaton Vance Municipal Bond Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Eaton Vance Municipal Bond Fund Sloan Ratio % Related Terms

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Eaton Vance Municipal Bond Fund Business Description

Traded in Other Exchanges
N/A
Address
One Post Office Square, Boston, MA, USA, 02109
Eaton Vance Municipal Bond Fund is a non-diversified closed-end management investment company. It consists of Municipal bond fund, California municipal bond fund, and New York municipal bond fund. The company's investment objective is to provide current income exempt from regular federal income tax, alternative minimum tax, and taxes in specified states. Its investment plan is to invest in higher quality bonds.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr other: Management Committee of Eaton 255 STATE STREET, BOSTON MA 02109
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
Craig R Brandon other: Insider and Officer 255 STATE STREET, BOSTON MA 02109
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
George W Karpus 10 percent owner
Karpus Management, Inc. 10 percent owner 183 SULLY'S TRAIL, PITTSFORD NY 14534
Marcus L. Smith other: Trustee 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202