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RBB Bancorp (FRA:5SZ) Sloan Ratio % : -5.28% (As of Jun. 2024)


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What is RBB Bancorp 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.

RBB Bancorp's Sloan Ratio for the quarter that ended in Jun. 2024 was -5.28%.

As of Jun. 2024, RBB Bancorp has a Sloan Ratio of -5.28%, indicating the company is in the safe zone and there is no funny business with accruals.


RBB Bancorp Sloan Ratio % Historical Data

The historical data trend for RBB Bancorp'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.

RBB Bancorp Sloan Ratio % Chart

RBB Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.81 10.58 8.49 5.89 -6.26

RBB Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.38 -6.31 -6.92 -5.28 -

Competitive Comparison of RBB Bancorp's Sloan Ratio %

For the Banks - Regional subindustry, RBB Bancorp'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.


RBB Bancorp's Sloan Ratio % Distribution in the Banks Industry

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

* The bar in red indicates where RBB Bancorp's Sloan Ratio % falls into.



RBB Bancorp 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.

RBB Bancorp's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(38.94-47.035
-223.114)/3691.865
=-6.26%

RBB Bancorp's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2024 )
=(33.134-30.908
-192.067)/3593.545
=-5.28%

RBB Bancorp's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 7.939 (Sep. 2023 ) + 11.071 (Dec. 2023 ) + 7.393 (Mar. 2024 ) + 6.731 (Jun. 2024 ) = €33.1 Mil.
RBB Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 23.685 (Sep. 2023 ) + -8.081 (Dec. 2023 ) + 4.461 (Mar. 2024 ) + 10.843 (Jun. 2024 ) = €30.9 Mil.
RBB Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 78.358 (Sep. 2023 ) + 140.722 (Dec. 2023 ) + -15.209 (Mar. 2024 ) + -11.804 (Jun. 2024 ) = €192.1 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.


RBB Bancorp  (FRA:5SZ) 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 Jun. 2024, RBB Bancorp has a Sloan Ratio of -5.28%, indicating the company is in the safe zone and there is no funny business with accruals.


RBB Bancorp Sloan Ratio % Related Terms

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RBB Bancorp Business Description

Traded in Other Exchanges
Address
1055 Wilshire Boulevard, 12th Floor, Los Angeles, CA, USA, 90017
RBB Bancorp operates as a bank holding company. It provides various banking products and services such as checking, savings, money market accounts, and certificates of deposits. Its Specific services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance, and a full range of depository accounts. It generates its revenue from interest received on loans and leases and, to a lesser extent, from interest received on investment securities and derives income from noninterest sources, such as fees received in connection with various lending and deposit services, loan servicing, gain on sales of loans, and wealth management services.

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