Nuveen Dynamic Municipal Opportunities (Nuveen Dynamic Municipal Opportunities) Sloan Ratio % : 0.00% (As of Oct. 2023)

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What is Nuveen Dynamic Municipal Opportunities 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.

Nuveen Dynamic Municipal Opportunities's Sloan Ratio for the quarter that ended in Oct. 2023 was 0.00%.

As of Oct. 2023, Nuveen Dynamic Municipal Opportunities has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Nuveen Dynamic Municipal Opportunities Sloan Ratio % Historical Data

The historical data trend for Nuveen Dynamic Municipal Opportunities'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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Nuveen Dynamic Municipal Opportunities Sloan Ratio % Chart

Nuveen Dynamic Municipal Opportunities Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Sloan Ratio %

Nuveen Dynamic Municipal Opportunities Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Sloan Ratio %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Nuveen Dynamic Municipal Opportunities's Sloan Ratio %

For the Asset Management subindustry, Nuveen Dynamic Municipal Opportunities'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.

Nuveen Dynamic Municipal Opportunities's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Dynamic Municipal Opportunities's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Nuveen Dynamic Municipal Opportunities's Sloan Ratio % falls into.

Nuveen Dynamic Municipal Opportunities 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.

Nuveen Dynamic Municipal Opportunities's Sloan Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Oct. 2023 )	-	Cash Flow from Operations (A: Oct. 2023 )
	-	Cash Flow from Investing (A: Oct. 2023 ))	/	Total Assets (A: Oct. 2023 )
	=	(15.021	-	0.202
	-	0)	/	861.111
	=	1.72%

Nuveen Dynamic Municipal Opportunities's Sloan Ratio for the quarter that ended in Oct. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Oct. 2023 )
	=	(15.021	-	0.203
	-	0)	/	861.111
	=	1.72%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Nuveen Dynamic Municipal Opportunities's Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was 66.359 (Apr. 2023 ) + -51.338 (Oct. 2023 ) = $15.02 Mil.
Nuveen Dynamic Municipal Opportunities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2023 was -7.56 (Apr. 2023 ) + 7.763 (Oct. 2023 ) = $0.20 Mil.
Nuveen Dynamic Municipal Opportunities's Cash Flow from Investing for the trailing twelve months (TTM) ended in Oct. 2023 was 0 (Apr. 2023 ) + 0 (Oct. 2023 ) = $0.00 Mil.

Nuveen Dynamic Municipal Opportunities (NYSE:NDMO) 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 Oct. 2023, Nuveen Dynamic Municipal Opportunities has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Nuveen Dynamic Municipal Opportunities Sloan Ratio % Related Terms

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Nuveen Dynamic Municipal Opportunities (Nuveen Dynamic Municipal Opportunities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Dynamic Municipal Opportunities (NYSE:NDMO) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.nuveen.com

Nuveen Dynamic Municipal Opportunities is a closed-end management investment company. The investment objective of the Fund is to seek total return through income exempt from regular federal income taxes and capital appreciation.

Executives

Trey Iii Stenersen	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Toronto Dominion Investments, Inc.	10 percent owner	909 FANIN, SUITE 1950, HOUSTON TX 77010
Toronto Dominion Holdings Usa Inc	10 percent owner	40 WALL STREET, NEW YORK NY 10003
Dominion Bank Toronto	10 percent owner	66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Td Group Us Holdings Llc	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Brett Black	officer: Chief Compliance Officer	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r.	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton	other: Trustee	3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Michael S. Hamilton	other: Portfolio Manager	C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
Christopher L Drahn	other: Portfolio Manager	800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402
Judith M Stockdale	other: Trustee	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Paul L Brennan	other: Portfolio Manager	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Gifford R Zimmerman	officer: Vice President & Secretary	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606