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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.
Barings Participation Investors's Sloan Ratio for the quarter that ended in Dec. 2024 was 0.00%.
As of Dec. 2024, Barings Participation Investors has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Barings Participation Investors'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.
Barings Participation Investors Annual Data | |||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Sloan Ratio % | Get a 7-Day Free Trial | - | - | - | - | - |
Barings Participation Investors Semi-Annual Data | |||||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | Dec24 | |
Sloan Ratio % | Get a 7-Day Free Trial |
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For the Asset Management subindustry, Barings Participation Investors'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.
For the Asset Management industry and Financial Services sector, Barings Participation Investors's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Barings Participation Investors'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.
Barings Participation Investors's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Sloan Ratio | = | (Net Income (A: Dec. 2024 ) | - | Cash Flow from Operations (A: Dec. 2024 ) |
- | Cash Flow from Investing (A: Dec. 2024 )) | / | Total Assets (A: Dec. 2024 ) | |
= | (17.247 | - | 12.911 | |
- | 0) | / | 196.215 | |
= | 2.21% |
Barings Participation Investors's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Dec. 2024 ) | |
= | (17.247 | - | 12.911 | |
- | 0) | / | 196.215 | |
= | 2.21% |
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Barings Participation Investors's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 8.197 (Jun. 2024 ) + 9.05 (Dec. 2024 ) = $17.25 Mil. Barings Participation Investors's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 12.785 (Jun. 2024 ) + 0.126 (Dec. 2024 ) = $12.91 Mil. Barings Participation Investors's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 0 (Jun. 2024 ) + 0 (Dec. 2024 ) = $0.00 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.
Barings Participation Investors (NYSE:MPV) 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 Dec. 2024, Barings Participation Investors has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Barings Participation Investors's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Susan B Sweeney | other: Trustee | BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
Barbara Ginader | other: Trustee | BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
Eric Partlan | other: Adviser Board Member | BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
Robert Spengler | other: Chief Compliance Officer | BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
Ashlee Steinnerd | officer: Chief Legal Officer | BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
Joseph Evanchick | other: Vice Presient | BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
Benjamin Tecmire | officer: Chief Compliance Officer | BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
David Mihalick | other: Trustees | BARINGS LLC, 300 SOUTH TRYON ST., STE 2500, CHARLOTTE NC 28202 |
Michael Harlan Brown | director | 210 TRINITY PASS, POUND RIDGE NY 10576 |
Elizabeth A. Murray | officer: Principal Accounting Officer | BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
Christopher Cary | other: Officer of Adviser | BARINGS LLC, 300 SOUTH TRYON STREET SUITE 2500, CHARLOTTE NC 28202 |
Susan Cicco | other: Adviser Board Member | C/O BARINGS LLC, 300 SOUTH TRYON ST., SUITE 2500, CHARLOTTE NC 28202 |
Sears Merritt | other: Adviser Board Member | C/O BARINGS LLC, 300 SOUTH TRYON ST., SUITE 2500, CHARLOTTE NC 28202 |
Michael James O'connor | other: Adviser Board Member | C/O BARINGS LLC, 300 SOUTH TRYON ST., SUITE 2500, CHARLOTTE NC 28202 |
Michael Freno | other: Officer of Adviser | BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202 |
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