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.
MSCome Fund's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.
As of Mar. 2024, MSCome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
MSCome Fund Sloan Ratio % Historical Data
The historical data trend for MSCome Fund'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.
Competitive Comparison of MSCome Fund's Sloan Ratio %
For the Asset Management subindustry, MSCome Fund'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.
MSCome Fund's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, MSCome Fund's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where MSCome Fund's Sloan Ratio % falls into.
MSCome Fund 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.
MSCome Fund's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
MSCome Fund's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 19.256 (Jun. 2023 ) + 13.382 (Sep. 2023 ) + 21.34 (Dec. 2023 ) + 10.589 (Mar. 2024 ) = $64.57 Mil.
MSCome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 2.551 (Jun. 2023 ) + -10.032 (Sep. 2023 ) + 41.261 (Dec. 2023 ) + -11.569 (Mar. 2024 ) = $22.21 Mil.
MSCome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 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.
MSCome Fund (OTCPK:MSCF) 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 Mar. 2024, MSCome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
MSCome Fund Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of MSCome Fund's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
MSC Income Fund Inc is a non-diversified closed-end management investment company. The investment objective is to generate current income through debt and equity investments and the secondary objective is to generate long-term capital appreciation through such investments. The company invests in senior secured term loans, second lien loans, and mezzanine debt and selected equity investments issued by lower middle-market and middle-market companies.
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