Evergent Investments (BSE:EVER) Sloan Ratio % : -3.28% (As of Dec. 2023)

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What is Evergent Investments 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.

Evergent Investments's Sloan Ratio for the quarter that ended in Dec. 2023 was -3.28%.

As of Dec. 2023, Evergent Investments has a Sloan Ratio of -3.28%, indicating the company is in the safe zone and there is no funny business with accruals.

Evergent Investments Sloan Ratio % Historical Data

The historical data trend for Evergent Investments'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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Evergent Investments Sloan Ratio % Chart

Evergent Investments Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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1.99

-2.45

-4.93

3.25

-3.28

Evergent Investments Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial														-4.93	4.80	3.25	3.05	-3.28

Competitive Comparison of Evergent Investments's Sloan Ratio %

For the Asset Management subindustry, Evergent Investments'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.

Evergent Investments's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Evergent Investments's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Evergent Investments's Sloan Ratio % falls into.

Evergent Investments 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.

Evergent Investments's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(115.255	-	238.214
	-	-23.697)	/	3028.371
	=	-3.28%

Evergent Investments's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(115.255	-	238.214
	-	-23.697)	/	3028.371
	=	-3.28%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Evergent Investments's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 22.515 (Jun. 2023 ) + 92.74 (Dec. 2023 ) = lei115.3 Mil.
Evergent Investments's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -55.563 (Jun. 2023 ) + 293.777 (Dec. 2023 ) = lei238.2 Mil.
Evergent Investments's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -22.555 (Jun. 2023 ) + -1.142 (Dec. 2023 ) = lei-23.7 Mil.

Evergent Investments (BSE:EVER) 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 Dec. 2023, Evergent Investments has a Sloan Ratio of -3.28%, indicating the company is in the safe zone and there is no funny business with accruals.

Evergent Investments Sloan Ratio % Related Terms

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Evergent Investments (BSE:EVER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Evergent Investments SA (BSE:EVER) » Definitions » Sloan Ratio %

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Address

Pictor Aman Street 94 C, Bacau, ROU, 600164

Website

https://www.evergent.ro

Evergent Investments SA is a Romanian financial investment company. The group has five reporting segments which include financial investment services, manufacture and sale of agricultural machinery, real estate development (apartments, including parking spaces), cultivation of fruit-bearing trees (blueberries), and Others.