GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riverview Bancorp Inc (NAS:RVSB) » Definitions » Sloan Ratio %

RVSB (Riverview Bancorp) Sloan Ratio % : -3.01% (As of Sep. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Riverview Bancorp 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.

Riverview Bancorp's Sloan Ratio for the quarter that ended in Sep. 2024 was -3.01%.

As of Sep. 2024, Riverview Bancorp has a Sloan Ratio of -3.01%, indicating the company is in the safe zone and there is no funny business with accruals.


Riverview Bancorp Sloan Ratio % Historical Data

The historical data trend for Riverview Bancorp'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.

* Premium members only.

Riverview Bancorp Sloan Ratio % Chart

Riverview Bancorp Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 8.81 13.05 5.08 -4.77

Riverview Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.09 -2.10 -4.77 -3.07 -3.01

Competitive Comparison of Riverview Bancorp's Sloan Ratio %

For the Banks - Regional subindustry, Riverview Bancorp'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.


Riverview Bancorp's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Riverview Bancorp's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Riverview Bancorp's Sloan Ratio % falls into.



Riverview Bancorp 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.

Riverview Bancorp's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2024 )-Cash Flow from Operations (A: Mar. 2024 )
-Cash Flow from Investing (A: Mar. 2024 ))/Total Assets (A: Mar. 2024 )
=(3.799-12.754
-63.558)/1521.529
=-4.77%

Riverview Bancorp's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(1.007-8.414
-39.134)/1548.397
=-3.01%

Riverview Bancorp's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 1.452 (Dec. 2023 ) + -2.968 (Mar. 2024 ) + 0.966 (Jun. 2024 ) + 1.557 (Sep. 2024 ) = $1.01 Mil.
Riverview Bancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 10.081 (Dec. 2023 ) + -7.867 (Mar. 2024 ) + 5.436 (Jun. 2024 ) + 0.764 (Sep. 2024 ) = $8.41 Mil.
Riverview Bancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 5.463 (Dec. 2023 ) + 50.919 (Mar. 2024 ) + -13.16 (Jun. 2024 ) + -4.088 (Sep. 2024 ) = $39.13 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.


Riverview Bancorp  (NAS:RVSB) 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 Sep. 2024, Riverview Bancorp has a Sloan Ratio of -3.01%, indicating the company is in the safe zone and there is no funny business with accruals.


Riverview Bancorp Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Riverview Bancorp's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Riverview Bancorp Business Description

Traded in Other Exchanges
N/A
Address
900 Washington Street, Suite 900, Vancouver, WA, USA, 98660
Riverview Bancorp Inc is an American savings and loan holding company. The company through its subsidiaries engages in the business of attracting deposits and puts it to use in its market area to originate commercial business. It is organized into two operating segments, Banking Operations performed by the bank and trust and Investment Services performed by the Trust company. The company products and services include checking, saving, money market, mortgage, home equity, consumer, online banking, cash management, and others.
Executives
Robert Benke officer: EVP/CCO 900 WASHINGTON ST, STE 900, VANCOUVER WA 98660
Stacey Graham director 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Bessie Ross Wills director 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Bradley Carlson director 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Daniel D Cox officer: EVP, Chief Credit Officer 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Patricia Eby director 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Gerald Lee Nies director 506 N.E. FOURTH AVENUE, CAMAS WA 98607
Valerie Moreno director 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Michael Sventek officer: EVP/CLO 900 WASHINGTON ST, SUITE 900, VANCOUVER WA 98660
Sowers Courtney Evan officer: President/CEO - Trust Co. 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Larry Hoff director 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
Tracie L. Jellison officer: Chief Retail Banking Officer 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660
John A Karas officer: Sr. Vice President 900 WASHINGTON ST, SUITE 900, VANCOUVER WA 98660
Martin S. Friedman 10 percent owner, other: See Remarks below 7901 JONES BRANCH DR. SUITE 210, MCLEAN VA 22102
David Nierenberg director 19605 NE 8TH STREET, CAMAS WA 98607