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 Dec. 2023, Jupiter Fund Management has a Sloan Ratio of -3.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Jupiter Fund Management 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 Jupiter Fund Management's Sloan Ratio %
For the Asset Management subindustry, Jupiter Fund Management'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.
Jupiter Fund Management's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Jupiter Fund Management's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Jupiter Fund Management's Sloan Ratio % falls into.
Jupiter Fund Management 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.
Jupiter Fund Management's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Jupiter Fund Management's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 30.556 (Jun. 2023 ) + -46.962 (Dec. 2023 ) = $-16.4 Mil.
Jupiter Fund Management's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 54.545 (Jun. 2023 ) + 56.709 (Dec. 2023 ) = $111.3 Mil.
Jupiter Fund Management's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -3.283 (Jun. 2023 ) + -68.354 (Dec. 2023 ) = $-71.6 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.
Jupiter Fund Management (OTCPK:JFHHF) 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 Dec. 2023, Jupiter Fund Management has a Sloan Ratio of -3.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Jupiter Fund Management Sloan Ratio % Related Terms
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Jupiter Fund Management (Jupiter Fund Management) Business Description
Jupiter Fund Management PLC is a provider of mutual funds with operations mostly in the United Kingdom. Jupiter also distributes its products through financial centers in Europe and Asia, either in house or through agency relationships. The group has increasingly focused on offering high-performance, outcome-oriented active strategies to drive organic growth. The company measures performance by monitoring its percentage of assets under management above the median over three years. The Group operates principally in the United Kingdom with international operating subsidiaries in Ireland, Hong Kong, Singapore, the United States, Switzerland and Luxembourg, which has branches across Europe.
Jupiter Fund Management (Jupiter Fund Management) Headlines
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