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Virtus Stone Harbor Emerging Marketsome Fund (Virtus Stone Harbor Emerging Marketsome Fund) Sloan Ratio % : 0.00% (As of Nov. 2023)


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What is Virtus Stone Harbor Emerging Marketsome Fund 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.

Virtus Stone Harbor Emerging Marketsome Fund's Sloan Ratio for the quarter that ended in Nov. 2023 was 0.00%.

As of Nov. 2023, Virtus Stone Harbor Emerging Marketsome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Virtus Stone Harbor Emerging Marketsome Fund Sloan Ratio % Historical Data

The historical data trend for Virtus Stone Harbor Emerging Marketsome 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.

* Premium members only.

Virtus Stone Harbor Emerging Marketsome Fund Sloan Ratio % Chart

Virtus Stone Harbor Emerging Marketsome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Sloan Ratio %
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Virtus Stone Harbor Emerging Marketsome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Competitive Comparison of Virtus Stone Harbor Emerging Marketsome Fund's Sloan Ratio %

For the Asset Management subindustry, Virtus Stone Harbor Emerging Marketsome 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.


Virtus Stone Harbor Emerging Marketsome Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Stone Harbor Emerging Marketsome Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Virtus Stone Harbor Emerging Marketsome Fund's Sloan Ratio % falls into.



Virtus Stone Harbor Emerging Marketsome Fund 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.

Virtus Stone Harbor Emerging Marketsome Fund's Sloan Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Sloan Ratio=(Net Income (A: Nov. 2023 )-Cash Flow from Operations (A: Nov. 2023 )
-Cash Flow from Investing (A: Nov. 2023 ))/Total Assets (A: Nov. 2023 )
=(13.926-14.308
-0)/94.942
=-0.40%

Virtus Stone Harbor Emerging Marketsome Fund's Sloan Ratio for the quarter that ended in Nov. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Nov. 2023 )
=(13.926-14.308
-0)/94.942
=-0.40%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Virtus Stone Harbor Emerging Marketsome Fund's Net Income for the trailing twelve months (TTM) ended in Nov. 2023 was 2.983 (May. 2023 ) + 10.943 (Nov. 2023 ) = $13.93 Mil.
Virtus Stone Harbor Emerging Marketsome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2023 was 1.113 (May. 2023 ) + 13.195 (Nov. 2023 ) = $14.31 Mil.
Virtus Stone Harbor Emerging Marketsome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2023 was 0 (May. 2023 ) + 0 (Nov. 2023 ) = $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.


Virtus Stone Harbor Emerging Marketsome Fund  (NYSE:EDF) 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 Nov. 2023, Virtus Stone Harbor Emerging Marketsome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Virtus Stone Harbor Emerging Marketsome Fund Sloan Ratio % Related Terms

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Virtus Stone Harbor Emerging Marketsome Fund (Virtus Stone Harbor Emerging Marketsome Fund) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Stone Harbor Emerging Markets Income Fund is a closed-end management investment company. Its investment objective is to maximize total return, which consists of income from its investments and capital appreciation. The Fund invests in fixed income securities and other instruments.
Executives
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
John R Mallin director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Bradley William Patrick Iii officer: EVP, CFO and Treasurer C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Sidney E Harris director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
Heath B Mclendon other: Trustee

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