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FINS (Angel Oak Financial Stratsome Term) Sloan Ratio % : 0.00% (As of Jul. 2024)


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What is Angel Oak Financial Stratsome Term 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.

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.


Angel Oak Financial Stratsome Term Sloan Ratio % Historical Data

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.

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Angel Oak Financial Stratsome Term Sloan Ratio % Chart

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 Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Angel Oak Financial Stratsome Term's Sloan Ratio %

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.


Angel Oak Financial Stratsome Term's Sloan Ratio % Distribution in the Asset Management Industry

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.


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Angel Oak Financial Stratsome Term 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.

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.


Angel Oak Financial Stratsome Term Sloan Ratio % Related Terms

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Angel Oak Financial Stratsome Term Business Description

Traded in Other Exchanges
N/A
Address
3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326
Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.
Executives
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