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, Southern Missouri Bancorp has a Sloan Ratio of 0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Southern Missouri Bancorp 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 Southern Missouri Bancorp's Sloan Ratio %
For the Banks - Regional subindustry, Southern Missouri Bancorp'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.
Southern Missouri Bancorp's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Southern Missouri Bancorp's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Southern Missouri Bancorp's Sloan Ratio % falls into.
Southern Missouri Bancorp 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.
Southern Missouri Bancorp's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Southern Missouri Bancorp's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 2.409 (Mar. 2023 ) + 15.561 (Jun. 2023 ) + 13.151 (Sep. 2023 ) + 12.193 (Dec. 2023 ) = $43.3 Mil.
Southern Missouri Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 10.807 (Mar. 2023 ) + 22.657 (Jun. 2023 ) + 14.205 (Sep. 2023 ) + 16.95 (Dec. 2023 ) = $64.6 Mil.
Southern Missouri Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 198.84 (Mar. 2023 ) + -139.686 (Jun. 2023 ) + -73.68 (Sep. 2023 ) + -39.179 (Dec. 2023 ) = $-53.7 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.
Southern Missouri Bancorp (NAS:SMBC) 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, Southern Missouri Bancorp has a Sloan Ratio of 0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Southern Missouri Bancorp Sloan Ratio % Related Terms
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Southern Missouri Bancorp (Southern Missouri Bancorp) Business Description
Southern Missouri Bancorp Inc is a us-based holding company for Southern Missouri Savings Bank. The principal business of the bank consists of attracting retail deposits from the general public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines, and to a lesser extent, brokered deposits, to invest in one- to four-family residential mortgage loans, mortgage loans secured by commercial real estate, commercial non-mortgage business loans, and consumer loans. It is engaged in providing the range of banking and financial services to individuals and corporate customers in its market areas. The company derives revenue principally from interest earned on loans, debt securities, bank card interchange fees, loan late charges and another fee income.
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