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.
As of Mar. 2024, Jana Small Finance Bank has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Jana Small Finance Bank Sloan Ratio % 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.
Competitive Comparison of Jana Small Finance Bank's Sloan Ratio %
For the Banks - Regional subindustry, Jana Small Finance Bank'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.
Jana Small Finance Bank's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Jana Small Finance Bank's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Jana Small Finance Bank's Sloan Ratio % falls into.
Jana Small Finance Bank 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.
Jana Small Finance Bank's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Jana Small Finance Bank's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Sep. 2022 ) + 0 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) = ₹0 Mil.
Jana Small Finance Bank's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Sep. 2022 ) + 0 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) = ₹0 Mil.
Jana Small Finance Bank's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Sep. 2022 ) + 0 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) = ₹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.
Jana Small Finance Bank (NSE:JSFB) 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.
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 Mar. 2024, Jana Small Finance Bank has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Jana Small Finance Bank Sloan Ratio % Related Terms
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Jana Small Finance Bank (NSE:JSFB) Business Description
Jana Small Finance Bank Ltd is engaged in the banking sector. It is engaged in savings accounts, current accounts, Deposits, Insurance, Loans such as secured business loans, microloans against property ("Micro LAP"), MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans, and gold loans. It operates in four segments namely the Treasury segment, Corporate/Wholesale Banking segment, Retail Banking segment, and Other Banking Operations segment. The retail banking segment includes lending to and deposits from retail customers and identified earnings and expenses of the segment. Maximum revenue is generated from the Retail Banking segment.
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