Kayne Anderson Energy Development Co (Kayne Anderson Energy Development Co) Sloan Ratio % : 0.00% (As of May. 2018)

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What is Kayne Anderson Energy Development Co 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.

Kayne Anderson Energy Development Co's Sloan Ratio for the quarter that ended in May. 2018 was 0.00%.

As of May. 2018, Kayne Anderson Energy Development Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Kayne Anderson Energy Development Co Sloan Ratio % Historical Data

The historical data trend for Kayne Anderson Energy Development Co'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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Kayne Anderson Energy Development Co Sloan Ratio % Chart

Kayne Anderson Energy Development Co Annual Data

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Sloan Ratio %

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Kayne Anderson Energy Development Co Semi-Annual Data
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Competitive Comparison of Kayne Anderson Energy Development Co's Sloan Ratio %

For the Asset Management subindustry, Kayne Anderson Energy Development Co'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.

Kayne Anderson Energy Development Co's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson Energy Development Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Kayne Anderson Energy Development Co's Sloan Ratio % falls into.

Kayne Anderson Energy Development Co 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.

Kayne Anderson Energy Development Co's Sloan Ratio for the fiscal year that ended in Nov. 2017 is calculated as

Sloan Ratio	=	(Net Income (A: Nov. 2017 )	-	Cash Flow from Operations (A: Nov. 2017 )
	-	Cash Flow from Investing (A: Nov. 2017 ))	/	Total Assets (A: Nov. 2017 )
	=	(-13.907	-	36.751
	-	0)	/	289.152
	=	-17.52%

Kayne Anderson Energy Development Co's Sloan Ratio for the quarter that ended in May. 2018 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: May. 2018 )
	=	(10.946	-	33.536
	-	0)	/	299.686
	=	-7.54%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Kayne Anderson Energy Development Co's Net Income for the trailing twelve months (TTM) ended in May. 2018 was -16.108 (Nov. 2017 ) + 27.054 (May. 2018 ) = $10.95 Mil.
Kayne Anderson Energy Development Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2018 was 25.17 (Nov. 2017 ) + 8.366 (May. 2018 ) = $33.54 Mil.
Kayne Anderson Energy Development Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2018 was 0 (Nov. 2017 ) + 0 (May. 2018 ) = $0.00 Mil.

Kayne Anderson Energy Development Co (NYSE:KED) 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 May. 2018, Kayne Anderson Energy Development Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

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Kayne Anderson Energy Development Co (Kayne Anderson Energy Development Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kayne Anderson Energy Development Co (NYSE:KED) » Definitions » Sloan Ratio %

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Website

http://www.kaynefunds.com

Kayne Anderson Energy Development Co is a non-diversified, closed-end fund. Its objective is to generate current income and capital appreciation through equity and debt investments. The fund seeks to achieve this objective by investing at least 80% of its total assets in securities of Energy companies. A key focus area for the company's investments is equity and debt investments in private and public entities structured as Ltd partnerships. In addition, it also owns equity and debt investments in Upstream, Midstream and Other Energy companies. Geographically all the operation is functioned through the region of US.

Executives

Richard A Kayne	10 percent owner, other: CEO of Member/Manager of IA
William R Cordes	director	17237 HOWARD PLAZA, OMAHA NE 68118
Alan Boswell	officer: VICE PRESIDENT	811 MAIN STREET, 14TH FLOOR, HOUSTON TX 77002
Terry A Hart	officer: Treasurer and CFO	1000 LOUISIANA STREET SUITE 5800, HOUSTON TX 77002
Prudential Insurance Co Of America	10 percent owner	751 BROAD STREET, NEWARK NJ 07102
Prudential Financial Inc	10 percent owner	751 BROAD ST, NEWARK NJ 07102
James C Baker	officer: Vice President	C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P, 1800 AVENUE OF THE STARS, THIRD FLOOR, LOS ANGELES CA 90067
Jody Meraz	officer: Vice President	717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002
Ka Holdings Inc	10 percent owner, other: Affiliate / Investment Adviser	1800 AVENUE OF THE STARS, 2ND FLOOR, LOS ANGELES CA 90067
Kevin S Mccarthy	director, officer: President, CEO, Chairman	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
John Daley	other: Investment Adviser CFO	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
John Anderson	10 percent owner, other: Affiliate / Investment Adviser	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Robert Sinnott	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
William L Thacker	director	94 WEDGEWOOD DR. W., MONTGOMERY TX 77366
Barry R Pearl	director	P.O. BOX 2521, HOUSTON TX 77252-2521