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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.
Angel Oak Financial Stratsome Term's Sloan Ratio for the quarter that ended in Jul. 2024 was 0.00%.
As of Jul. 2024, Angel Oak Financial Stratsome Term has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Angel Oak Financial Stratsome Term'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.
Angel Oak Financial Stratsome Term Annual Data | |||||||||||
Trend | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | ||||||
Sloan Ratio % | - | - | - | - | - |
Angel Oak Financial Stratsome Term Semi-Annual Data | ||||||||||
Jan20 | Jul20 | Jan21 | Jul21 | Jan22 | Jul22 | Jan23 | Jul23 | Jan24 | Jul24 | |
Sloan Ratio % | Get a 7-Day Free Trial |
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For the Asset Management subindustry, Angel Oak Financial Stratsome Term'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.
For the Asset Management industry and Financial Services sector, Angel Oak Financial Stratsome Term's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Angel Oak Financial Stratsome Term'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.
Angel Oak Financial Stratsome Term's Sloan Ratio for the fiscal year that ended in Jan. 2024 is calculated as
Sloan Ratio | = | (Net Income (A: Jan. 2024 ) | - | Cash Flow from Operations (A: Jan. 2024 ) |
- | Cash Flow from Investing (A: Jan. 2024 )) | / | Total Assets (A: Jan. 2024 ) | |
= | (7.58 | - | 44.293 | |
- | 0) | / | 487.233 | |
= | -7.53% |
Angel Oak Financial Stratsome Term's Sloan Ratio for the quarter that ended in Jul. 2024 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Jul. 2024 ) | |
= | (31.867 | - | 29.68 | |
- | 0) | / | 488.031 | |
= | 0.45% |
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Angel Oak Financial Stratsome Term's Net Income for the trailing twelve months (TTM) ended in Jul. 2024 was 16.557 (Jan. 2024 ) + 15.31 (Jul. 2024 ) = $31.87 Mil. Angel Oak Financial Stratsome Term's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2024 was 15.176 (Jan. 2024 ) + 14.504 (Jul. 2024 ) = $29.68 Mil. Angel Oak Financial Stratsome Term's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jul. 2024 was 0 (Jan. 2024 ) + 0 (Jul. 2024 ) = $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.
Angel Oak Financial Stratsome Term (NYSE:FINS) 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 Jul. 2024, Angel Oak Financial Stratsome Term has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Angel Oak Financial Stratsome Term's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Johannes Palsson | other: Portfolio Manager | 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326 |
Kevin Parks | other: Portfolio Manager Affil. Fund | 145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019 |
William Eldredge | officer: Chief Compliance Officer | C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326 |
Angel Oak Capital Partners Ii, Llc | other: General Partner of Adviser | 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309 |
Kevin Sluss | officer: Secretary | C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326 |
Navid Abghari | other: Portfolio Manager | 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
Sun Life Financial Inc | 10 percent owner | SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6 |
Sun Life Assurance Co Of Canada | 10 percent owner | ONE YORK STREET, TORONTO A6 M5J 0B6 |
Massachusetts Mutual Life Insurance Co | 10 percent owner | 1295 STATE STREET, SPRINGFIELD MA 01111 |
Michael Fierman | other: Investment Adviser Principal | ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
Daniel Asher | 10 percent owner | 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604 |
Angel Oak Capital Advisors, Llc | other: Investment Adviser | ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240 |
John R Hsu | officer: Secretary | C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326 |
Cheryl Pate | other: Portfolio Manager | 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
Sreeniwas Prabhu | director | ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
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