Invesco California Value Municipalome Trust (Invesco California Value Municipalome Trust) Sloan Ratio % : 0.00% (As of Feb. 2024)

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What is Invesco California Value Municipalome 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.

Invesco California Value Municipalome Trust's Sloan Ratio for the quarter that ended in Feb. 2024 was 0.00%.

As of Feb. 2024, Invesco California Value Municipalome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Invesco California Value Municipalome Trust Sloan Ratio % Historical Data

The historical data trend for Invesco California Value Municipalome 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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Invesco California Value Municipalome Trust Sloan Ratio % Chart

Invesco California Value Municipalome Trust Annual Data

Trend

Feb18

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Feb24

Sloan Ratio %

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Invesco California Value Municipalome Trust Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Sloan Ratio %	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Invesco California Value Municipalome Trust's Sloan Ratio %

For the Asset Management subindustry, Invesco California Value Municipalome 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.

Invesco California Value Municipalome Trust's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco California Value Municipalome Trust's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Invesco California Value Municipalome Trust's Sloan Ratio % falls into.

Invesco California Value Municipalome 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.

Invesco California Value Municipalome Trust's Sloan Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Sloan Ratio	=	(Net Income (A: Feb. 2024 )	-	Cash Flow from Operations (A: Feb. 2024 )
	-	Cash Flow from Investing (A: Feb. 2024 ))	/	Total Assets (A: Feb. 2024 )
	=	(44.033	-	47.241
	-	0)	/	874.938
	=	-0.37%

Invesco California Value Municipalome Trust's Sloan Ratio for the quarter that ended in Feb. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Feb. 2024 )
	=	(44.033	-	47.242
	-	0)	/	874.938
	=	-0.37%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Invesco California Value Municipalome Trust's Net Income for the trailing twelve months (TTM) ended in Feb. 2024 was 7.099 (Aug. 2023 ) + 36.934 (Feb. 2024 ) = $44.03 Mil.
Invesco California Value Municipalome Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 was 14.133 (Aug. 2023 ) + 33.109 (Feb. 2024 ) = $47.24 Mil.
Invesco California Value Municipalome Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2024 was 0 (Aug. 2023 ) + 0 (Feb. 2024 ) = $0.00 Mil.

Invesco California Value Municipalome Trust (NYSE:VCV) 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 Feb. 2024, Invesco California Value Municipalome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Invesco California Value Municipalome Trust Sloan Ratio % Related Terms

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Invesco California Value Municipalome Trust (Invesco California Value Municipalome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco California Value Municipal Income Trust (NYSE:VCV) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

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Address

1555 Peachtree Street, North East, Suite 1800, Atlanta, GA, USA, 30309

Website

https://www.invesco.com

Invesco California Value Municipal Income Trust is engaged in the field of financial services. Its objective is to seek to provide common shareholders with a high level of current income exempt from federal and California income taxes, consistent with preservation of capital.

Executives

Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Glenn Eugene Brightman	officer: President & PEO	570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher	officer: Senior Vice President	1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong	director, officer: Senior Vice President	1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold	officer: SVP, CLO and Secretary	1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson	officer: Chief Accounting Officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron	officer: Chief Financial Officer	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr	officer: Senior Officer & SVP	C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Michael Camarella	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Mark Demitry	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Scott Cottier	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes	officer: Vice President,PFO & Treasurer	1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes	officer: SMD and CFO	780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Annette Lege	director, officer: CFO & CAO	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309