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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.
Templeton Emerging Markets Fund's Sloan Ratio for the quarter that ended in Feb. 2024 was 0.00%.
As of Feb. 2024, Templeton Emerging Markets Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Templeton Emerging Markets 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.
Templeton Emerging Markets Fund Annual Data | ||||||||||||||||
Trend | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||
Sloan Ratio % | Get a 7-Day Free Trial | - | - | - | - | - |
Templeton Emerging Markets Fund Semi-Annual Data | ||||||||||||||
Aug17 | Feb18 | Aug18 | Feb19 | Aug19 | Feb20 | Aug20 | Feb21 | Aug21 | Feb22 | Aug22 | Feb23 | Aug23 | Feb24 | |
Sloan Ratio % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Asset Management subindustry, Templeton Emerging Markets 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.
For the Asset Management industry and Financial Services sector, Templeton Emerging Markets Fund's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Templeton Emerging Markets Fund's Sloan Ratio % falls into.
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.
Templeton Emerging Markets Fund's Sloan Ratio for the fiscal year that ended in Aug. 2023 is calculated as
Sloan Ratio | = | (Net Income (A: Aug. 2023 ) | - | Cash Flow from Operations (A: Aug. 2023 ) |
- | Cash Flow from Investing (A: Aug. 2023 )) | / | Total Assets (A: Aug. 2023 ) | |
= | (16.005 | - | 0 | |
- | 0) | / | 226.345 | |
= | 7.07% |
Templeton Emerging Markets Fund's Sloan Ratio for the quarter that ended in Feb. 2024 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Feb. 2024 ) | |
= | (16.835 | - | 0 | |
- | 0) | / | 214.19 | |
= | 7.86% |
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Templeton Emerging Markets Fund's Net Income for the trailing twelve months (TTM) ended in Feb. 2024 was 9.84 (Aug. 2023 ) + 6.995 (Feb. 2024 ) = $16.84 Mil. Templeton Emerging Markets Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 was 0 (Aug. 2023 ) + 0 (Feb. 2024 ) = $0.00 Mil. Templeton Emerging Markets Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2024 was 0 (Aug. 2023 ) + 0 (Feb. 2024 ) = $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.
Templeton Emerging Markets Fund (NYSE:EMF) 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 Feb. 2024, Templeton Emerging Markets Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Templeton Emerging Markets Fund's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christine M. Debevec | officer: VP & Assistant Secretary | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
George P. Hoyt | officer: VP & Secretary | C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Ted P Becker | officer: Chief Compliance Officer | 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Oliveira Marc De | officer: VP & Assistant Secretary | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Alexander Kymn | officer: VP & Assistant Secretary | WELLS FARGO BANK, 45 FREMONT STREET, 26TH FLOOR, SAN FRANCISCO CA 94105 |
Harris Goldblat | officer: VP & Assistant Secretary | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Tara E. Gormel | officer: VP & Assistant Secretary | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Terrence J. Checki | other: Trustee | HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
Christopher Kings | officer: CFO, CAO and Treasurer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Ryan Wheeler | officer: Interim CFO, CAO and Treasurer | 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301 |
Susan Kerr | officer: VP - AML Compliance | 280 PARK AVENUE, NEW YORK NY 10017 |
Manraj S Sekhon | officer: President and CEO - IM | 7 TEMASEK BOULEVARD, #38-03 SUNTEC TOWER ONE, SINGAPORE U0 038987 |
Bates Ann Torre | other: Trustee | 300 CONTINENTAL DRIVE, NEWARK DE 19713 |
Matthew T. Hinkle | officer: CEO - Finance & Admin | 3344 QUALITY DRIVE, RANCHO CORDOVA CA 95670-7313 |
Robert Kubilis | officer: CFO, CAO and Treasurer | FRANKLIN TEMPLETON INVESTMENTS, 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301-1923 |
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