GDO (Western Asset Global Defined Opp) Sloan Ratio % : 0.00% (As of Apr. 2024)

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What is Western Asset Global Defined Opp 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.

Western Asset Global Defined Opp's Sloan Ratio for the quarter that ended in Apr. 2024 was 0.00%.

As of Apr. 2024, Western Asset Global Defined Opp has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Western Asset Global Defined Opp Sloan Ratio % Historical Data

The historical data trend for Western Asset Global Defined Opp'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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Western Asset Global Defined Opp Sloan Ratio % Chart

Western Asset Global Defined Opp Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Sloan Ratio %

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Western Asset Global Defined Opp Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Sloan Ratio %	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Western Asset Global Defined Opp's Sloan Ratio %

For the Asset Management subindustry, Western Asset Global Defined Opp'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.

Western Asset Global Defined Opp's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Global Defined Opp's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Western Asset Global Defined Opp's Sloan Ratio % falls into.

Western Asset Global Defined Opp 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.

Western Asset Global Defined Opp's Sloan Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Oct. 2023 )	-	Cash Flow from Operations (A: Oct. 2023 )
	-	Cash Flow from Investing (A: Oct. 2023 ))	/	Total Assets (A: Oct. 2023 )
	=	(7.535	-	33.234
	-	0)	/	266.359
	=	-9.65%

Western Asset Global Defined Opp's Sloan Ratio for the quarter that ended in Apr. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Apr. 2024 )
	=	(8.997	-	6.663
	-	0)	/	290.211
	=	0.80%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Western Asset Global Defined Opp's Net Income for the trailing twelve months (TTM) ended in Apr. 2024 was -7.669 (Oct. 2023 ) + 16.666 (Apr. 2024 ) = $9.00 Mil.
Western Asset Global Defined Opp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2024 was 9.113 (Oct. 2023 ) + -2.45 (Apr. 2024 ) = $6.66 Mil.
Western Asset Global Defined Opp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2024 was 0 (Oct. 2023 ) + 0 (Apr. 2024 ) = $0.00 Mil.

Western Asset Global Defined Opp (NYSE:GDO) 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 Apr. 2024, Western Asset Global Defined Opp has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Western Asset Global Defined Opp Sloan Ratio % Related Terms

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Western Asset Global Defined Opp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Global Corp Defined Opp (NYSE:GDO) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

Western Asset Global Corp Defined Opp is a closed-end management investment company with a primary investment objective to provide current income. Its secondary objective is to seek capital appreciation. The Fund invests in the United States and foreign corporate fixed-income securities of varying maturities.

Executives

Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Hoffmann Courtney A.	other: Secretary/GC Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Andrew J. Bowden	other: COO/Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Eileen A Kamerick	director	200 NORTH ADAMS STREET, GREEN BAY WI 54301
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar	director	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer S Berg	officer: Treasurer	100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202
Todd F Kuehl	officer: Chief Compliance Officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309