Eaton Vance New York Municipal Income Trust Ret. on assets
What is the Ret. on assets of Eaton Vance New York Municipal Income Trust?
The Ret. on assets of Eaton Vance New York Municipal Income Trust is 1.66%
What is the definition of Ret. on assets?
Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.
ttm (trailing twelve months)
The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
Ret. on assets of companies in the Finance sector on NYSEMKT compared to Eaton Vance New York Municipal Income Trust
What does Eaton Vance New York Municipal Income Trust do?
Eaton Vance New York Municipal Income Trust is a non-diversified, closed-end management investment company. The Trust's 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 New York municipalities. The Trust invests in various sectors, including cogeneration, electric utilities, escrowed/prerefunded, hospital, housing, industrial development revenue, water and sewer, special tax, real estate, toll road, healthcare-acute, transportation, student loan and senior living/life care. The Trust may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby it may sell a variable or fixed rate bond for cash to a Special-Purpose Vehicle (the SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Trust's investment advisor is Eaton Vance Management.
Companies with ret. on assets similar to Eaton Vance New York Municipal Income Trust
- China Unicom (Hong Kong) has Ret. on assets of 1.65%
- First Bancorp PR has Ret. on assets of 1.65%
- Headlam Plc has Ret. on assets of 1.66%
- Tidewater Midstream and Infrastructure has Ret. on assets of 1.66%
- LF Capital Acquisition has Ret. on assets of 1.66%
- Amcon Distributing has Ret. on assets of 1.66%
- Eaton Vance New York Municipal Income Trust has Ret. on assets of 1.66%
- United Industrial has Ret. on assets of 1.66%
- Alexandria Real Estate Equities has Ret. on assets of 1.66%
- TCL Multimedia Technology has Ret. on assets of 1.66%
- Amrapali Industries has Ret. on assets of 1.66%
- Nuveen New York Quality Municipal Income Fund has Ret. on assets of 1.66%
- Nokia Corp has Ret. on assets of 1.66%