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.
Oscar Health's Sloan Ratio for the quarter that ended in Dec. 2024 was 8.98%.
As of Dec. 2024, Oscar Health has a Sloan Ratio of 8.98%, indicating the company is in the safe zone and there is no funny business with accruals.
Oscar Health Sloan Ratio % Historical Data
The historical data trend for Oscar Health'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 Oscar Health's Sloan Ratio %
For the Healthcare Plans subindustry, Oscar Health'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.
Oscar Health's Sloan Ratio % Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Oscar Health's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Oscar Health'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.
Oscar Health's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Oscar Health's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 177.368 (Mar. 2024 ) + 56.207 (Jun. 2024 ) + -54.596 (Sep. 2024 ) + -153.547 (Dec. 2024 ) = $25 Mil.
Oscar Health's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 634.363 (Mar. 2024 ) + 497.151 (Jun. 2024 ) + -500.141 (Sep. 2024 ) + 346.82 (Dec. 2024 ) = $978 Mil.
Oscar Health's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -300.589 (Mar. 2024 ) + -477.627 (Jun. 2024 ) + -577.77 (Sep. 2024 ) + -31.448 (Dec. 2024 ) = $-1,387 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.
Oscar Health (NYSE:OSCR) 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 Dec. 2024, Oscar Health has a Sloan Ratio of 8.98%, indicating the company is in the safe zone and there is no funny business with accruals.
Oscar Health Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Oscar Health's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OSCR has been successfully added to your 