What is Standard Premium Finance Holdings 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.
* 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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Standard Premium Finance Holdings Sloan Ratio % Chart
Competitive Comparison of Standard Premium Finance Holdings's Sloan Ratio %
For the Credit Services subindustry, Standard Premium Finance Holdings'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.
Standard Premium Finance Holdings's Sloan Ratio % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Standard Premium Finance Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Standard Premium Finance Holdings's Sloan Ratio % falls into.
Standard Premium Finance Holdings 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.
Standard Premium Finance Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 0.176 (Jun. 2023 ) + 0.117 (Sep. 2023 ) + 0.171 (Dec. 2023 ) + 0.119 (Mar. 2024 ) = $0.58 Mil.
Standard Premium Finance Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0.882 (Jun. 2023 ) + 0.67 (Sep. 2023 ) + 0.197 (Dec. 2023 ) + 1.502 (Mar. 2024 ) = $3.25 Mil.
Standard Premium Finance Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -3.93 (Jun. 2023 ) + -4.288 (Sep. 2023 ) + -1.346 (Dec. 2023 ) + -4.75 (Mar. 2024 ) = $-14.31 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.
Standard Premium Finance Holdings (OTCPK:SPFX) 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, Standard Premium Finance Holdings has a Sloan Ratio of 17.26%, indicating there is a warning stage of accrual build up.
Standard Premium Finance Holdings Sloan Ratio % Related Terms
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Standard Premium Finance Holdings (Standard Premium Finance Holdings) Business Description
Standard Premium Finance Holdings Inc is a specialized finance company that makes collateralized loans to businesses and individuals to finance the insurance premiums they pay on their commercial property and casualty insurance policies. The company operates in the states of Arizona, Florida, Georgia, North Carolina, South Carolina, Texas and Tennessee. The company originate loans mainly in Florida, although it operates in several states. It generates the majority of its revenue through interest income and the associated fees earned from loan products.
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