What is National Bank of Fujairah PSC 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.
As of Sep. 2024, National Bank of Fujairah PSC has a Sloan Ratio of 5.17%, indicating the company is in the safe zone and there is no funny business with accruals.
National Bank of Fujairah PSC 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 National Bank of Fujairah PSC's Sloan Ratio %
For the Banks - Regional subindustry, National Bank of Fujairah PSC'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.
National Bank of Fujairah PSC's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, National Bank of Fujairah PSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where National Bank of Fujairah PSC's Sloan Ratio % falls into.
National Bank of Fujairah PSC 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.
National Bank of Fujairah PSC's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 211.898 (Dec. 2023 ) + 251.055 (Mar. 2024 ) + 190.098 (Jun. 2024 ) + 209.272 (Sep. 2024 ) = د.إ862 Mil.
National Bank of Fujairah PSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -67.752 (Dec. 2023 ) + -108.146 (Mar. 2024 ) + 380.49 (Jun. 2024 ) + -555.623 (Sep. 2024 ) = د.إ-351 Mil.
National Bank of Fujairah PSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -681.081 (Dec. 2023 ) + -344.729 (Mar. 2024 ) + -425.104 (Jun. 2024 ) + -362.219 (Sep. 2024 ) = د.إ-1,813 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.
National Bank of Fujairah PSC (ADX:NBF) 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 Sep. 2024, National Bank of Fujairah PSC has a Sloan Ratio of 5.17%, indicating the company is in the safe zone and there is no funny business with accruals.
National Bank of Fujairah PSC Sloan Ratio % Related Terms
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National Bank of Fujairah PSC Business Description
National Bank of Fujairah PSC is a UAE-based commercial bank. It provides commercial banking products and services in the United Arab Emirates. The group conducts its activity through three segments namely, Corporate and Institutional Banking, Retail Banking and Treasury, Asset and Liability Management and others. Its products and services include current, savings and fixed deposit, and personal, auto, home, and construction loans, as well as guarantees, overdrafts, and term lending solutions. The company's majority of the revenue is generated from the Corporate and Institutional Banking segment in which, it offers a products and services including credit and trade finance products, and services to large and medium-sized corporate customers.
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