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Invesco Pennsylvania Value Municipalome Trust (Invesco Pennsylvania Value Municipalome Trust) Sloan Ratio % : 0.00% (As of Aug. 2023)


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What is Invesco Pennsylvania Value Municipalome Trust 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.

Invesco Pennsylvania Value Municipalome Trust's Sloan Ratio for the quarter that ended in Aug. 2023 was 0.00%.

As of Aug. 2023, Invesco Pennsylvania Value Municipalome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Invesco Pennsylvania Value Municipalome Trust Sloan Ratio % Historical Data

The historical data trend for Invesco Pennsylvania Value Municipalome Trust'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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Invesco Pennsylvania Value Municipalome Trust Sloan Ratio % Chart

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Invesco Pennsylvania Value Municipalome Trust Semi-Annual Data
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Competitive Comparison of Invesco Pennsylvania Value Municipalome Trust's Sloan Ratio %

For the Asset Management subindustry, Invesco Pennsylvania Value Municipalome Trust'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.

Invesco Pennsylvania Value Municipalome Trust's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Pennsylvania Value Municipalome Trust's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Invesco Pennsylvania Value Municipalome Trust's Sloan Ratio % falls into.


Invesco Pennsylvania Value Municipalome Trust 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.

Invesco Pennsylvania Value Municipalome Trust's Sloan Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2023 )-Cash Flow from Operations (A: Feb. 2023 )
-Cash Flow from Investing (A: Feb. 2023 ))/Total Assets (A: Feb. 2023 )
=(-38.687-20.467
-0)/450.14
=-13.14%

Invesco Pennsylvania Value Municipalome Trust's Sloan Ratio for the quarter that ended in Aug. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Aug. 2023 )
=(-4.72-35.811
-0)/443.609
=-9.14%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Invesco Pennsylvania Value Municipalome Trust's Net Income for the trailing twelve months (TTM) ended in Aug. 2023 was -5.044 (Feb. 2023 ) + 0.324 (Aug. 2023 ) = $-4.72 Mil.
Invesco Pennsylvania Value Municipalome Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2023 was 19.454 (Feb. 2023 ) + 16.357 (Aug. 2023 ) = $35.81 Mil.
Invesco Pennsylvania Value Municipalome Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2023 was 0 (Feb. 2023 ) + 0 (Aug. 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.

Invesco Pennsylvania Value Municipalome Trust  (NYSE:VPV) 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 Aug. 2023, Invesco Pennsylvania Value Municipalome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Invesco Pennsylvania Value Municipalome Trust Sloan Ratio % Related Terms

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Invesco Pennsylvania Value Municipalome Trust (Invesco Pennsylvania Value Municipalome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) » Definitions » Sloan Ratio %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
1555 Peachtree Street North East, Suite 1800, Atlanta, GA, USA, 30309
Website
https://www.invesco.com
Invesco Pennsylvania Value Municipal Income Trust is a diversified, closed-end management investment company. The investment objective is to provide common shareholders with a high level of current income exempt from federal and Pennsylvania income taxes and, where possible under local law, local income and personal property taxes, consistent with preservation of capital.
Executives
Glenn Eugene Brightman officer: President & PEO 570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher officer: Senior Vice President 1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong director, officer: Senior Vice President 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold officer: SVP, CLO and Secretary 1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson officer: Chief Accounting Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron officer: Chief Financial Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Josh Cooney other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Elizabeth Mossow other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes officer: SMD and CFO 780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Loren M Starr director
Annette Lege director, officer: CFO & CAO 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Kevin M Carome director
Todd F Kuehl officer: Chief Compliance officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309