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Eagle Capital Growth Fund (Eagle Capital Growth Fund) Sloan Ratio % : 0.00% (As of Dec. 2023)


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What is Eagle Capital Growth Fund 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.

Eagle Capital Growth Fund's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, Eagle Capital Growth Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Eagle Capital Growth Fund Sloan Ratio % Historical Data

The historical data trend for Eagle Capital Growth Fund'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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Eagle Capital Growth Fund Sloan Ratio % Chart

Eagle Capital Growth Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
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Eagle Capital Growth Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Eagle Capital Growth Fund's Sloan Ratio %

For the Asset Management subindustry, Eagle Capital Growth Fund'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.


Eagle Capital Growth Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eagle Capital Growth Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Eagle Capital Growth Fund's Sloan Ratio % falls into.



Eagle Capital Growth Fund 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.

Eagle Capital Growth Fund's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(4.612-0
-0)/43.002
=10.73%

Eagle Capital Growth Fund's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(4.613-0
-0)/43.002
=10.73%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Eagle Capital Growth Fund's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 2.166 (Jun. 2023 ) + 2.447 (Dec. 2023 ) = $4.61 Mil.
Eagle Capital Growth Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Jun. 2023 ) + 0 (Dec. 2023 ) = $0.00 Mil.
Eagle Capital Growth Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Jun. 2023 ) + 0 (Dec. 2023 ) = $0.00 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.


Eagle Capital Growth Fund  (AMEX:GRF) 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 Dec. 2023, Eagle Capital Growth Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Eagle Capital Growth Fund Sloan Ratio % Related Terms

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Eagle Capital Growth Fund (Eagle Capital Growth Fund) Business Description

Traded in Other Exchanges
N/A
Address
225 East Mason Street, Suite 802, Milwaukee, WI, USA, 53202
Eagle Capital Growth Fund Inc is a diversified closed-end investment company. The fund's objective is long-term growth utilizing the concept of total return for selecting investments.
Executives
David C Sims officer: chief compliance officer 225 E. MASON STREET, SUITE 802, MILWAUKEE WI 53202
Luke E Sims director 225 E. MASON STREET, SUITE 802, MILWAUKEE WI 53202
Donald G Tyler director 205 E. WISCONSIN AVENUE, SUITE 120, MILWAUKEE WI 53202
Anne M Nichols director 225 E. MASON STREET, SUITE 802, MILWAUKEE WI 53202
Jason W. Allen director 225 E. MASON STREET, SUITE 802, MILWAUKEE WI 53202
Peggy L Schmeltz director 711 W THIRTEEN MILE RD, MADISON HEIGHTS MI 48071
Robert M Bilkie director 711 W. 13 MILE RD., MADISON HEIGHTS MI 48071
Neal F. Zalenko director 260 E. BROWN ST., SUITE 200, BIRMINGHAM MI 48009
Phillip J Hanrahan director FOLEY & LARDNER US BANK CENTER, 777 EAST WISCONSIN AVE, MILWAUKEE WI 53202-5367
Mutual Investment Club Of Detroit other: Investment Club 711 WEST THIRTEEN MILE ROAD, MADISON HEIGHTS MI 48071
James M Lane director 711 W THIRTEEN MILE RD, MADISON HEIGHTS MI 48071
National Association Of Investment Clubs Trust other: Investment Advisor Affiliate 711 WEST THIRTEEN MILE ROAD, MADISON HEIGHTS MI 48071
Donald E Danko other: Trustee, NAIC
Leroy F Mumford other: Trustee, NAIC 2950 CANTERBURY ROAD, WESTLAKE OH 44145
Lorrie Gustin other: Trustee, NAIC 423 W WILLOW COURT, MILWAUKEE WI 53217

Eagle Capital Growth Fund (Eagle Capital Growth Fund) Headlines