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Trans Iraq Bank for Investment (IQS:BTRI) Sloan Ratio % : 0.00% (As of Mar. 2023)


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What is Trans Iraq Bank for Investment 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.

Trans Iraq Bank for Investment's Sloan Ratio for the quarter that ended in Mar. 2023 was 0.00%.

As of Mar. 2023, Trans Iraq Bank for Investment has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Trans Iraq Bank for Investment Sloan Ratio % Historical Data

The historical data trend for Trans Iraq Bank for Investment'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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Trans Iraq Bank for Investment Sloan Ratio % Chart

Trans Iraq Bank for Investment Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
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Trans Iraq Bank for Investment Quarterly Data
Dec15 Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Trans Iraq Bank for Investment's Sloan Ratio %

For the Banks - Regional subindustry, Trans Iraq Bank for Investment'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.


Trans Iraq Bank for Investment's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Trans Iraq Bank for Investment's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Trans Iraq Bank for Investment's Sloan Ratio % falls into.



Trans Iraq Bank for Investment 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.

Trans Iraq Bank for Investment's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(-7919.234-0
-0)/414545.702
=-1.91%

Trans Iraq Bank for Investment's Sloan Ratio for the quarter that ended in Mar. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2023 )
=(-9539.234-73636
--20693)/474240
=-13.18%

Trans Iraq Bank for Investment's Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was -1524 (Jun. 2022 ) + -2921 (Sep. 2022 ) + -3280.234 (Dec. 2022 ) + -1814 (Mar. 2023 ) = ع.د-9,539 Mil.
Trans Iraq Bank for Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2023 was -19205 (Jun. 2022 ) + 36523 (Sep. 2022 ) + 0 (Dec. 2022 ) + 56318 (Mar. 2023 ) = ع.د73,636 Mil.
Trans Iraq Bank for Investment's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2023 was 14405 (Jun. 2022 ) + -34013 (Sep. 2022 ) + 0 (Dec. 2022 ) + -1085 (Mar. 2023 ) = ع.د-20,693 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.


Trans Iraq Bank for Investment  (IQS:BTRI) 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 Mar. 2023, Trans Iraq Bank for Investment has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Trans Iraq Bank for Investment Sloan Ratio % Related Terms

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Trans Iraq Bank for Investment Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Street 99, Al-Bataween, District 903, Building 192/222, Baghdad, IRQ
Trans Iraq Bank for Investment is a financial institution that provides corporate banking, investment banking, personal banking, and credit department to its customers. The bank also provides issuance of Visa card, and Internet banking under its electronic services.

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