What is Stewart Information Services 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.
As of Mar. 2024, Stewart Information Services has a Sloan Ratio of 0.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Stewart Information Services Sloan Ratio % Historical Data
* 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.
Competitive Comparison of Stewart Information Services's Sloan Ratio %
For the Insurance - Property & Casualty subindustry, Stewart Information Services'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.
Stewart Information Services's Sloan Ratio % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Stewart Information Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Stewart Information Services's Sloan Ratio % falls into.
Stewart Information Services 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.
Stewart Information Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 14.597 (Jun. 2023 ) + 13.117 (Sep. 2023 ) + 8.083 (Dec. 2023 ) + 2.88 (Mar. 2024 ) = €39 Mil.
Stewart Information Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 32.404 (Jun. 2023 ) + 55.782 (Sep. 2023 ) + 36.188 (Dec. 2023 ) + -27.221 (Mar. 2024 ) = €97 Mil.
Stewart Information Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -2.306 (Jun. 2023 ) + -27.588 (Sep. 2023 ) + 6.221 (Dec. 2023 ) + -43.587 (Mar. 2024 ) = €-67 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.
Stewart Information Services (FRA:SIU) 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.
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 Mar. 2024, Stewart Information Services has a Sloan Ratio of 0.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Stewart Information Services Sloan Ratio % Related Terms
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Stewart Information Services (FRA:SIU) Business Description
Stewart Information Services Corp is a customer-focused, title insurance and real estate services company offering products and services to home buyers and sellers, mortgage lenders and servicers, attorneys, and home builders. It has three operating segments; Title insurance and related services include the functions of searching, examining, closing, and insuring the condition of the title to real property. It also includes home and personal insurance services, Real estate solutions segment supports the real estate mortgage industry by providing appraisal management services, online notarization and closing solutions, credit, and real estate information services, search and valuation services, and Corporate and Other segment is comprised of the parent holding company.
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