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Eaton Vance MA Muniome Trust (Eaton Vance MA Muniome Trust) Sloan Ratio % : 0.00% (As of May. 2018)


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What is Eaton Vance MA Muniome Trust 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 MA Muniome Trust's Sloan Ratio for the quarter that ended in May. 2018 was 0.00%.

As of May. 2018, Eaton Vance MA Muniome Trust 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 MA Muniome Trust Sloan Ratio % Historical Data

The historical data trend for Eaton Vance MA Muniome Trust'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 MA Muniome Trust Sloan Ratio % Chart

Eaton Vance MA Muniome Trust Annual Data
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Eaton Vance MA Muniome Trust Semi-Annual Data
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Competitive Comparison of Eaton Vance MA Muniome Trust's Sloan Ratio %

For the Asset Management subindustry, Eaton Vance MA Muniome Trust'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 MA Muniome Trust's Sloan Ratio % Distribution in the Asset Management Industry

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

* The bar in red indicates where Eaton Vance MA Muniome Trust's Sloan Ratio % falls into.



Eaton Vance MA Muniome Trust 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 MA Muniome Trust's Sloan Ratio for the fiscal year that ended in Nov. 2017 is calculated as

Sloan Ratio=(Net Income (A: Nov. 2017 )-Cash Flow from Operations (A: Nov. 2017 )
-Cash Flow from Investing (A: Nov. 2017 ))/Total Assets (A: Nov. 2017 )
=(2.357-2.274
-0)/61.746
=0.13%

Eaton Vance MA Muniome Trust's Sloan Ratio for the quarter that ended in May. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: May. 2018 )
=(0.151-2.997
-0)/61.3
=-4.64%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Eaton Vance MA Muniome Trust's Net Income for the trailing twelve months (TTM) ended in May. 2018 was -0.021 (Nov. 2017 ) + 0.172 (May. 2018 ) = $0.15 Mil.
Eaton Vance MA Muniome Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2018 was 0.623 (Nov. 2017 ) + 2.374 (May. 2018 ) = $3.00 Mil.
Eaton Vance MA Muniome Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2018 was 0 (Nov. 2017 ) + 0 (May. 2018 ) = $0.00 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 MA Muniome Trust  (AMEX:MMV) 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 May. 2018, Eaton Vance MA Muniome Trust 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 MA Muniome Trust Sloan Ratio % Related Terms

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Eaton Vance MA Muniome Trust (Eaton Vance MA Muniome Trust) Business Description

Traded in Other Exchanges
N/A
Address
Eaton Vance MA Muni Income Trust is a non-diversified closed-end management 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 primarily in debt securities issued by Massachusetts municipalities. Its strategy is to invest mainly in investment grade bonds. The trust may use interest rate hedging to moderate performance on both the upside and the downside of the market as well as to enhance the performance of the portfolio. Eaton Vance Management acts as an investment adviser of the trust.
Executives
Marcus L. Smith other: Trustee 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Froio Richard F Sr officer: Chief Compliance Officer C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Scott E Wennerholm other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Mark R Fetting other: Trustee LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laurie G Hylton officer: Chief Financial Officer 255 STATE STREET, BOSTON MA 02109
Group Ag Ubs other: Former 10% Owner BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Susan J Sutherland other: Trustee MONTPELIER HOUSE, 94 PITTS BAY ROAD, HAMILTON D0 HM 08
Cynthia Frost other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02148
George J. Gorman other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Lynn A Stout director C/O EATON VANCE, THE EATON VANCE BLDG., 255 STATE ST., BOSTON MA 02109
Valerie Mosley other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
James F Kirchner officer: Treasurer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Scott Eston other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110