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Kentucky Bancshares (Kentucky Bancshares) Sloan Ratio % : 7.11% (As of Mar. 2021)


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What is Kentucky Bancshares 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.

Kentucky Bancshares's Sloan Ratio for the quarter that ended in Mar. 2021 was 7.11%.

As of Mar. 2021, Kentucky Bancshares has a Sloan Ratio of 7.11%, indicating the company is in the safe zone and there is no funny business with accruals.


Kentucky Bancshares Sloan Ratio % Historical Data

The historical data trend for Kentucky Bancshares'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.

* Premium members only.

Kentucky Bancshares Sloan Ratio % Chart

Kentucky Bancshares Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.87 2.65 4.26 1.36 8.88

Kentucky Bancshares Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.31 6.49 7.87 8.88 7.11

Competitive Comparison of Kentucky Bancshares's Sloan Ratio %

For the Banks - Regional subindustry, Kentucky Bancshares'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.


Kentucky Bancshares's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Kentucky Bancshares's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Kentucky Bancshares's Sloan Ratio % falls into.



Kentucky Bancshares 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.

Kentucky Bancshares's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2020 )-Cash Flow from Operations (A: Dec. 2020 )
-Cash Flow from Investing (A: Dec. 2020 ))/Total Assets (A: Dec. 2020 )
=(11.697-11.608
--109.998)/1239.505
=8.88%

Kentucky Bancshares's Sloan Ratio for the quarter that ended in Mar. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2021 )
=(12.404-14.959
--93.101)/1274.258
=7.11%

Kentucky Bancshares's Net Income for the trailing twelve months (TTM) ended in Mar. 2021 was 3.073 (Jun. 2020 ) + 3.352 (Sep. 2020 ) + 3.521 (Dec. 2020 ) + 2.458 (Mar. 2021 ) = $12.40 Mil.
Kentucky Bancshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2021 was 1.888 (Jun. 2020 ) + 5.692 (Sep. 2020 ) + 3.581 (Dec. 2020 ) + 3.798 (Mar. 2021 ) = $14.96 Mil.
Kentucky Bancshares's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2021 was -31.028 (Jun. 2020 ) + -13.993 (Sep. 2020 ) + -48.434 (Dec. 2020 ) + 0.354 (Mar. 2021 ) = $-93.10 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.


Kentucky Bancshares  (OTCPK:KTYB) 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. 2021, Kentucky Bancshares has a Sloan Ratio of 7.11%, indicating the company is in the safe zone and there is no funny business with accruals.


Kentucky Bancshares Sloan Ratio % Related Terms

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Kentucky Bancshares (Kentucky Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 157, Paris, KY, USA, 40362-0157
Kentucky Bancshares Inc is a bank holding company. It is engaged in providing general full-service commercial and consumer banking services which include agricultural, construction, consumer, mortgage, and commercial loan services. A significant part of its operating activities includes originating loans. The company offers its customers a range of other services, including checking, savings, money market accounts, certificates of deposits (CDs), safe deposit facilities, credit cards, and other consumer-oriented financial services. It also provides brokerage services, wealth management services and long-term care insurance. Its largest part of the revenue is generated from net interest income.
Executives
Louis Prichard director, officer: President, CEO PO BOX 157 PARIS KY 40362-0157
James B Braden officer: Ex VP, Chief Operations Off PO BOX 157 PARIS KY 40362-0157
James L Elliott officer: Sr VP, Director of Wealth Mgmt PO BOX 157 PARIS KY 40362-0157
Chris Gorley officer: Sr VP, Operations PO BOX 157 PARIS KY 40362-0157
Shane Foley officer: EVP, Director of Retail Bankin PO BOX 157 PARIS KY 40362-0157
Norman J Fryman officer: Ex VP, Chief Credit Officer PO BOX 157 PARIS KY 40362-0157
Brenda S Bragonier officer: Sr VP, Dir of Marketing PO BOX 157 PARIS KY 40362-0157
Gregory J Dawson officer: Sr VP, CFO PO BOX 157 PARIS KY 40362-0157
Carol A Caskey officer: Sr VP, Human Resources PO BOX 157 PARIS KY 40362-0157
John Theodore Mcclain director PO BOX 157 PARIS KY 40362-0157
Shannon Bishop Arvin director PO BOX 157, PARIS KY 40362-0157
Mary Mcdowell Hoskins director PO BOX 157 PARIS KY 40362-0157
Jack W Omohundro director PO BOX 157 PARIS KY 40362-0157
Edwin S Saunier director PO BOX 157, PARIS KY 40362-0157
Robert G Thompson director PO BOX 157 PARIS KY 40362-0157

Kentucky Bancshares (Kentucky Bancshares) Headlines