Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Sloan Ratio % : 0.00% (As of Sep. 2023)

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What is Pioneer Muni Highome Advantage Tr 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.

Pioneer Muni Highome Advantage Tr's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

As of Sep. 2023, Pioneer Muni Highome Advantage Tr has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Pioneer Muni Highome Advantage Tr Sloan Ratio % Historical Data

The historical data trend for Pioneer Muni Highome Advantage Tr'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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Pioneer Muni Highome Advantage Tr Sloan Ratio % Chart

Pioneer Muni Highome Advantage Tr Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Sloan Ratio %

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Pioneer Muni Highome Advantage Tr Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Pioneer Muni Highome Advantage Tr's Sloan Ratio %

For the Asset Management subindustry, Pioneer Muni Highome Advantage Tr'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.

Pioneer Muni Highome Advantage Tr's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Muni Highome Advantage Tr's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Pioneer Muni Highome Advantage Tr's Sloan Ratio % falls into.

Pioneer Muni Highome Advantage Tr 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.

Pioneer Muni Highome Advantage Tr's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Mar. 2023 )	-	Cash Flow from Operations (A: Mar. 2023 )
	-	Cash Flow from Investing (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2023 )
	=	(-20.713	-	52.213
	-	0)	/	365.585
	=	-19.95%

Pioneer Muni Highome Advantage Tr's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(-1.36	-	28.526
	-	0)	/	334.667
	=	-8.93%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Pioneer Muni Highome Advantage Tr's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 24.476 (Mar. 2023 ) + -25.836 (Sep. 2023 ) = $-1.36 Mil.
Pioneer Muni Highome Advantage Tr's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 23.829 (Mar. 2023 ) + 4.697 (Sep. 2023 ) = $28.53 Mil.
Pioneer Muni Highome Advantage Tr's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Mar. 2023 ) + 0 (Sep. 2023 ) = $0.00 Mil.

Pioneer Muni Highome Advantage Tr (NYSE:MAV) 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 Sep. 2023, Pioneer Muni Highome Advantage Tr has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Pioneer Muni Highome Advantage Tr Sloan Ratio % Related Terms

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Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Muni High Income Advantage Tr (NYSE:MAV) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

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Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Muni High Income Advantage Tr is a closed-end fund designed to pursue high current income exempt from regular federal income tax and to seek capital appreciation. The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. Geographically, its activities are carried out through the United States.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
Mark Edward Bradley	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Wells Fargo Municipal Capital Strategies, Llc	10 percent owner	375 PARK AVENUE, NEW YORK NY 10152
Wfc Holdings Corp	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255