GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cargills Bank PLC (COL:CBNK.N0000) » Definitions » Sloan Ratio %

Cargills Bank (COL:CBNK.N0000) Sloan Ratio % : 0.00% (As of . 20)


View and export this data going back to 2024. Start your Free Trial

What is Cargills Bank 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.

Cargills Bank's Sloan Ratio for the quarter that ended in . 20 was 0.00%.

As of . 20, Cargills Bank has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Cargills Bank Sloan Ratio % Historical Data

The historical data trend for Cargills Bank'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.

* Premium members only.

Cargills Bank Sloan Ratio % Chart

Cargills Bank Annual Data
Trend
Sloan Ratio %

Cargills Bank Semi-Annual Data
Sloan Ratio %

Competitive Comparison of Cargills Bank's Sloan Ratio %

For the Banks - Regional subindustry, Cargills Bank'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.


Cargills Bank's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Cargills Bank's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Cargills Bank's Sloan Ratio % falls into.


;
;

Cargills Bank 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.

Cargills Bank's Sloan Ratio for the fiscal year that ended in . 20 is calculated as

Sloan Ratio=(Net Income (A: . 20 )-Cash Flow from Operations (A: . 20 )
-Cash Flow from Investing (A: . 20 ))/Total Assets (A: . 20 )
=(-
-)/
=%

Cargills Bank's Sloan Ratio for the quarter that ended in . 20 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: . 20 )
=(-
-)/
=%

Cargills Bank does not have enough years/quarters to calculate the Net Income, Cash Flow from Investing, and Cash Flow from Investing for the trailing twelve months (TTM) ended in . 20.

* 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.


Cargills Bank  (COL:CBNK.N0000) 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 . 20, Cargills Bank has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Cargills Bank Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Cargills Bank's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cargills Bank Business Description

Traded in Other Exchanges
N/A
Address
Galle Road, No. 696, Colombo, LKA, 3
Cargills Bank PLC is a financial services institution providing a comprehensive range of financial services encompassing accepting deposits, corporate and retail banking, project financing, trade finance, treasury services, issuing of credit cards and debit cards, offshore banking, resident and non-resident foreign currency operations, invoice discounting, electronic banking services such as: telephone banking, internet banking, mobile banking and money remittance facilities, etc. The reportable segments of the bank are named as Banking, Treasury and Investments, and Unallocated. The company generates maximum income from Treasury and Investments segment.

Cargills Bank Headlines

No Headlines