What is Federal Agricultural Mortgage 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, Federal Agricultural Mortgage has a Sloan Ratio of 6.03%, indicating the company is in the safe zone and there is no funny business with accruals.
Federal Agricultural Mortgage 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 Federal Agricultural Mortgage's Sloan Ratio %
For the Credit Services subindustry, Federal Agricultural Mortgage'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.
Federal Agricultural Mortgage's Sloan Ratio % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Federal Agricultural Mortgage's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Federal Agricultural Mortgage's Sloan Ratio % falls into.
Federal Agricultural Mortgage 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.
Federal Agricultural Mortgage's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 47.035 (Mar. 2023 ) + 47.212 (Jun. 2023 ) + 58.137 (Sep. 2023 ) + 47.619 (Dec. 2023 ) = $200.0 Mil.
Federal Agricultural Mortgage's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 60.561 (Mar. 2023 ) + 119.102 (Jun. 2023 ) + 362.985 (Sep. 2023 ) + -166.85 (Dec. 2023 ) = $375.8 Mil.
Federal Agricultural Mortgage's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -461.315 (Mar. 2023 ) + 178.885 (Jun. 2023 ) + -997.975 (Sep. 2023 ) + -674.976 (Dec. 2023 ) = $-1,955.4 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.
Federal Agricultural Mortgage (NYSE:AGM) 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, Federal Agricultural Mortgage has a Sloan Ratio of 6.03%, indicating the company is in the safe zone and there is no funny business with accruals.
Federal Agricultural Mortgage Sloan Ratio % Related Terms
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Federal Agricultural Mortgage (Federal Agricultural Mortgage) Business Description
Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.
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