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MFM (MFS Municipalome Trust) ROE % : 27.26% (As of Apr. 2024)


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What is MFS Municipalome Trust ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. MFS Municipalome Trust's annualized net income for the quarter that ended in Apr. 2024 was $62.74 Mil. MFS Municipalome Trust's average Total Stockholders Equity over the quarter that ended in Apr. 2024 was $230.12 Mil. Therefore, MFS Municipalome Trust's annualized ROE % for the quarter that ended in Apr. 2024 was 27.26%.

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

MFM' s ROE % Range Over the Past 10 Years
Min: -25.85   Med: 1.09   Max: 9.83
Current: 2.97

During the past 7 years, MFS Municipalome Trust's highest ROE % was 9.83%. The lowest was -25.85%. And the median was 1.09%.

MFM's ROE % is ranked worse than
63.96% of 1690 companies
in the Asset Management industry
Industry Median: 5.815 vs MFM: 2.97

MFS Municipalome Trust ROE % Historical Data

The historical data trend for MFS Municipalome 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.

MFS Municipalome Trust ROE % Chart

MFS Municipalome Trust Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROE %
Get a 7-Day Free Trial 9.83 -0.53 8.11 -25.85 0.53

MFS Municipalome Trust Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 -25.50 -26.50 21.73 -21.09 27.26

Competitive Comparison of MFS Municipalome Trust's ROE %

For the Asset Management subindustry, MFS Municipalome 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.


MFS Municipalome Trust's ROE % Distribution in the Asset Management Industry

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

* The bar in red indicates where MFS Municipalome Trust's ROE % falls into.



MFS Municipalome Trust ROE % Calculation

MFS Municipalome Trust's annualized ROE % for the fiscal year that ended in Oct. 2023 is calculated as

ROE %=Net Income (A: Oct. 2023 )/( (Total Stockholders Equity (A: Oct. 2022 )+Total Stockholders Equity (A: Oct. 2023 ))/ count )
=1.162/( (224.5+216.787)/ 2 )
=1.162/220.6435
=0.53 %

MFS Municipalome Trust's annualized ROE % for the quarter that ended in Apr. 2024 is calculated as

ROE %=Net Income (Q: Apr. 2024 )/( (Total Stockholders Equity (Q: Oct. 2023 )+Total Stockholders Equity (Q: Apr. 2024 ))/ count )
=62.738/( (216.787+243.46)/ 2 )
=62.738/230.1235
=27.26 %

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


MFS Municipalome Trust  (NYSE:MFM) 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: Apr. 2024 )
=Net Income/Total Stockholders Equity
=62.738/230.1235
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(62.738 / 62.872)*(62.872 / 349.5365)*(349.5365 / 230.1235)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.79 %*0.1799*1.5189
=ROA %*Equity Multiplier
=17.95 %*1.5189
=27.26 %

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: Apr. 2024 )
=Net Income/Total Stockholders Equity
=62.738/230.1235
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (62.738 / 62.738) * (62.738 / 62.872) * (62.872 / 349.5365) * (349.5365 / 230.1235)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 99.79 % * 0.1799 * 1.5189
=27.26 %

Note: The net income data used here is two times the semi-annual (Apr. 2024) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.


MFS Municipalome Trust ROE % Related Terms

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


MFS Municipalome Trust Business Description

Traded in Other Exchanges
N/A
Address
111 Huntington Avenue, Boston, MA, USA, 02199
MFS Municipal Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.
Executives
Linda Dougherty other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux other: CHIEF COMPLIANCE OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael L Dawson other: PORTFOLIO MANAGER 500 BOYLSTON STREET, BOSTON MA 02116
Robert J Manning director 1201 THIRD AVE, STE 4900, SEATTLE WA 98101
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Manjit Singh director 111 HUNTINGTON AVENUE, BOSTON MA 02072
Jason Kosty other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Jacques Jr Goulet other: ADVISOR TO OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Melissa Kennedy other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney officer: Officer of Advisor 111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Carol W. Geremia officer: PRESIDENT 111 HUNTINGTON AVENUE, BOSTON MA 02199
Kevin D Strain other: Officer of Advisor MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Clarence Jr Otis director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036

MFS Municipalome Trust Headlines

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