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.
Credit Group's Sloan Ratio for the quarter that ended in Dec. 2024 was 7.24%.
As of Dec. 2024, Credit Group has a Sloan Ratio of 7.24%, indicating the company is in the safe zone and there is no funny business with accruals.
Credit Group Sloan Ratio % Historical Data
The historical data trend for Credit Group'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.
Competitive Comparison of Credit Group's Sloan Ratio %
For the Credit Services subindustry, Credit Group'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.
Credit Group's Sloan Ratio % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Credit Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Credit Group'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.
Credit Group's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Credit Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 41.721 (Jun. 2024 ) + 27.954 (Dec. 2024 ) = $69.7 Mil.
Credit Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -15.224 (Jun. 2024 ) + 21.64 (Dec. 2024 ) = $6.4 Mil.
Credit Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -0.357 (Jun. 2024 ) + -0.459 (Dec. 2024 ) = $-0.8 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.
Credit Group (OTCPK:CCGFF) 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. 2024, Credit Group has a Sloan Ratio of 7.24%, indicating the company is in the safe zone and there is no funny business with accruals.
Credit Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Credit Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale but is also subject to increased regulatory scrutiny.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CCGFF has been successfully added to your 