What is AllianceBernstein Holding LP 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.
As of Dec. 2023, AllianceBernstein Holding LP has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
AllianceBernstein Holding LP 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 AllianceBernstein Holding LP's Sloan Ratio %
For the Asset Management subindustry, AllianceBernstein Holding LP'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.
AllianceBernstein Holding LP's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, AllianceBernstein Holding LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where AllianceBernstein Holding LP's Sloan Ratio % falls into.
AllianceBernstein Holding LP 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.
AllianceBernstein Holding LP's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 67.437 (Mar. 2023 ) + 60.558 (Jun. 2023 ) + 56.991 (Sep. 2023 ) + 79.198 (Dec. 2023 ) = $264.2 Mil.
AllianceBernstein Holding LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 77.986 (Mar. 2023 ) + 74.33 (Jun. 2023 ) + 68.864 (Sep. 2023 ) + 72.795 (Dec. 2023 ) = $294.0 Mil.
AllianceBernstein Holding LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = $0.0 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.
AllianceBernstein Holding LP (NYSE:AB) 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 Dec. 2023, AllianceBernstein Holding LP has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
AllianceBernstein Holding LP Sloan Ratio % Related Terms
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AllianceBernstein Holding LP (AllianceBernstein Holding LP) Business Description
AllianceBernstein provides investment management services to institutional (44% of assets under management), retail (39%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of October 2023, AB had $652 billion in managed assets, composed primarily of fixed-income (39% of AUM) and equity (42%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary (which has been put in available-for-sale status following the joint venture agreement with Société Générale).
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