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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.
As of Jul. 2025, Blackrock CA Muniome Tr has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Blackrock CA Muniome Tr (NYSE:BFZ) 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 Jul. 2025, Blackrock CA Muniome Tr has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Blackrock CA Muniome Tr Sloan Ratio % Related Terms
Blackrock CA Muniome Tr Sloan Ratio % Historical Data
* 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.
For the Asset Management subindustry, Blackrock CA Muniome 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.
Blackrock CA Muniome Tr Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackrock CA Muniome Tr's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Blackrock CA Muniome Tr'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.
Blackrock CA Muniome Tr's Sloan Ratio for the fiscal year that ended in Jul. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Blackrock CA Muniome Tr's Net Income for the trailing twelve months (TTM) ended in Jul. 2025 was 0.282 (Jan. 2025 ) + -24.093 (Jul. 2025 ) = $-23.81 Mil.
Blackrock CA Muniome Tr's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2025 was 8.292 (Jan. 2025 ) + -20.488 (Jul. 2025 ) = $-12.20 Mil.
Blackrock CA Muniome Tr's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jul. 2025 was 0 (Jan. 2025 ) + 0 (Jul. 2025 ) = $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.
Blackrock CA Muniome Tr (BFZ) has a Sloan Ratio % of 0.00% as of Jul. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blackrock CA Muniome Tr and its competitors.
Is Blackrock CA Muniome Tr's Sloan Ratio % too high?
Blackrock CA Muniome Tr's current Sloan Ratio % is 0.00%. Overall, Blackrock CA Muniome Tr has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock CA Muniome Tr's Sloan Ratio % compare to BGT and RIV?
Blackrock CA Muniome Tr's Sloan Ratio % of 0.00% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Asset Management company?
A good Sloan Ratio % depends on the Asset Management industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blackrock CA Muniome Tr and its competitors. Blackrock CA Muniome Tr's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock CA Muniome Tr stock overvalued right now?
Blackrock CA Muniome Tr (BFZ) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Blackrock CA Muniome Tr's overall GF Score™ is 21/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Blackrock CA Muniome Tr (BFZ), the current Sloan Ratio % is 0.00% as of Jul. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Blackrock CA Muni Income Tr is a United States-based closed-end management investment company. The investment objective is to provide current income exempt from regular U.S. federal income and California income taxes. The Trust seeks to achieve its investment objective by investing principally in municipal obligations exempt from U.S. federal income taxes and California income taxes. The Trust invests, under normal market conditions, at least 80% of its assets in municipal obligations that are investment grade quality, or are considered by the Trust's investment adviser to be of comparable quality, at the time of investment.
21GF Score
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