Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Conduit Capital's Sloan Ratio for the quarter that ended in Jun. 2022 was -54.97%.
As of Jun. 2022, Conduit Capital has a Sloan Ratio of -54.97%, indicating earnings are more likely to be made up of accruals.
Conduit Capital (JSE:CND) 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 Jun. 2022, Conduit Capital has a Sloan Ratio of -54.97%, indicating earnings are more likely to be made up of accruals.
Conduit Capital Sloan Ratio % Related Terms
Conduit Capital Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Conduit Capital'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.
JSE:CND vs BRK.A, AIG, HIG: Sloan Ratio % Comparison
For the Insurance - Diversified subindustry, Conduit Capital'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.
Conduit Capital Sloan Ratio % vs Insurance Industry
For the Insurance industry and Financial Services sector, Conduit Capital's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Conduit Capital's Sloan Ratio % falls into.
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.
Conduit Capital's Sloan Ratio for the fiscal year that ended in Jun. 2022 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Conduit Capital's Net Income for the trailing twelve months (TTM) ended in Jun. 2022 was -77.704 (Dec. 2021 ) + -245.82 (Jun. 2022 ) = R-323.5 Mil.
Conduit Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2022 was 34.347 (Dec. 2021 ) + 74.764 (Jun. 2022 ) = R109.1 Mil.
Conduit Capital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2022 was -5.736 (Dec. 2021 ) + -9.563 (Jun. 2022 ) = R-15.3 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.
Conduit Capital (JSE:CND) has a Sloan Ratio % of -54.97% as of Jun. 2022. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Conduit Capital and its competitors.
Is Conduit Capital's Sloan Ratio % too high?
Conduit Capital's current Sloan Ratio % is -54.97%.
How does Conduit Capital's Sloan Ratio % compare to BRK.A and AIG?
Conduit Capital's Sloan Ratio % of -54.97% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Insurance company?
A good Sloan Ratio % depends on the Insurance industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Conduit Capital and its competitors. Conduit Capital's current Sloan Ratio % is -54.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conduit Capital stock overvalued right now?
Conduit Capital (JSE:CND) has a current Sloan Ratio % of -54.97%. The current Sloan Ratio % is -54.97%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Conduit Capital (JSE:CND), the current Sloan Ratio % is -54.97% as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Conduit Capital Ltd is a South Africa-based investment holding company. The company, through its subsidiaries and associates, carries on business in the financial services industry with a focus on insurance. The company serves in two segments: Insurance and Risk, and Investment. The Insurance and Risk division includes the company's insurance interests. The company writes both short-term and long-term insurance business. The long-term business consists mainly of funeral cover, comprising both individual business and group schemes. Several lines of short-term business are written, providing cover to individuals and ensuring business risks. The main short-term lines of business include Guarantee, Liability, Motor, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:CND has been successfully added to your 
