GCV (GABELLI CONVERTIBLE &OME SECURITIES FUND) Sloan Ratio % : 0.00% (As of Sep. 2024)

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What is GABELLI CONVERTIBLE &OME SECURITIES 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.

GABELLI CONVERTIBLE &OME SECURITIES FUND's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.

As of Sep. 2024, GABELLI CONVERTIBLE &OME SECURITIES FUND has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

GABELLI CONVERTIBLE &OME SECURITIES FUND Sloan Ratio % Historical Data

The historical data trend for GABELLI CONVERTIBLE &OME SECURITIES 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.

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GABELLI CONVERTIBLE &OME SECURITIES FUND Sloan Ratio % Chart

GABELLI CONVERTIBLE &OME SECURITIES FUND Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Sep24

Sloan Ratio %

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GABELLI CONVERTIBLE &OME SECURITIES FUND Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Sep23	Mar24	Sep24
Sloan Ratio %	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of GABELLI CONVERTIBLE &OME SECURITIES FUND's Sloan Ratio %

For the Asset Management subindustry, GABELLI CONVERTIBLE &OME SECURITIES 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.

GABELLI CONVERTIBLE &OME SECURITIES FUND's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GABELLI CONVERTIBLE &OME SECURITIES FUND's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where GABELLI CONVERTIBLE &OME SECURITIES FUND's Sloan Ratio % falls into.

GABELLI CONVERTIBLE &OME SECURITIES 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.

GABELLI CONVERTIBLE &OME SECURITIES FUND's Sloan Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Sloan Ratio	=	(Net Income (A: Sep. 2024 )	-	Cash Flow from Operations (A: Sep. 2024 )
	-	Cash Flow from Investing (A: Sep. 2024 ))	/	Total Assets (A: Sep. 2024 )
	=	(7.564	-	16.841
	-	0)	/	83.775
	=	-11.07%

GABELLI CONVERTIBLE &OME SECURITIES FUND's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2024 )
	=	(2.985	-	1.817
	-	0)	/	83.775
	=	1.39%

GABELLI CONVERTIBLE &OME SECURITIES FUND's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 2.985 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) + 0 (Sep. 2024 ) = $2.99 Mil.
GABELLI CONVERTIBLE &OME SECURITIES FUND's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 1.817 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) + 0 (Sep. 2024 ) = $1.82 Mil.
GABELLI CONVERTIBLE &OME SECURITIES FUND's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) + 0 (Sep. 2024 ) = $0.00 Mil.

GABELLI CONVERTIBLE &OME SECURITIES FUND (NYSE:GCV) 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 Sep. 2024, GABELLI CONVERTIBLE &OME SECURITIES FUND has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

GABELLI CONVERTIBLE &OME SECURITIES FUND Sloan Ratio % Related Terms

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GABELLI CONVERTIBLE &OME SECURITIES FUND Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC (NYSE:GCV) » Definitions » Sloan Ratio %

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Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC is a diversified closed-end management investment company. Its investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The company invests in various portfolios such as Health Care, Financial Services, Energy and Utilities, Telecommunications, Food and Beverage, Aerospace and Automotive and others. All the operation of the group is operated through the regions of United States.

Executives

Mario J Gabelli	director, 10 percent owner, officer: Chairman	191 MASON STREET, GREENWICH CT 06830
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Werner J Roeder	director	ONE CORPORATE CENTER, RYE NY 10580
Daniel Diss Harding	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Michael J Melarkey	director	ONE CORPORATE CENTER, RYE NY 10580
Dugald A Fletcher	director	111 WEST 57TH STREET, SUITE 1100, NEW YORK NY 10019
Leslie Fahrenkopf Foley	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Vincent D Enright	director	ONE CORPORATE CENTER, RYE NY 10580
Thomas H Dinsmore	director	C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Joseph H Egan	officer: Acting Treasurer	ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019