/term/sloan-ratio/SDHY SDHY (PGIM Short Duration High Yield Opportunities) Sloan R
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PGIM Short Duration High Yield Opportunities (PGIM Short Duration High Yield Opportunities) Sloan Ratio % : 0.00% (As of Jan. 2024)


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What is PGIM Short Duration High Yield 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.

PGIM Short Duration High Yield Opportunities's Sloan Ratio for the quarter that ended in Jan. 2024 was 0.00%.

As of Jan. 2024, PGIM Short Duration High Yield Opportunities has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

PGIM Short Duration High Yield Opportunities Sloan Ratio % Historical Data

The historical data trend for PGIM Short Duration High Yield 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.

* Premium members only.

PGIM Short Duration High Yield Opportunities Sloan Ratio % Chart

PGIM Short Duration High Yield Opportunities Annual Data
Trend Jul21 Jul22 Jul23
Sloan Ratio %
- - -

PGIM Short Duration High Yield Opportunities Semi-Annual Data
Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Sloan Ratio % Get a 7-Day Free Trial - - - - -

Competitive Comparison of PGIM Short Duration High Yield Opportunities's Sloan Ratio %

For the Asset Management subindustry, PGIM Short Duration High Yield 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.

PGIM Short Duration High Yield Opportunities's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM Short Duration High Yield Opportunities's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where PGIM Short Duration High Yield Opportunities's Sloan Ratio % falls into.


PGIM Short Duration High Yield 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.

PGIM Short Duration High Yield Opportunities's Sloan Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Sloan Ratio=(Net Income (A: Jul. 2023 )-Cash Flow from Operations (A: Jul. 2023 )
-Cash Flow from Investing (A: Jul. 2023 ))/Total Assets (A: Jul. 2023 )
=(26.273-35.977
-0)/552.173
=-1.76%

PGIM Short Duration High Yield Opportunities's Sloan Ratio for the quarter that ended in Jan. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jan. 2024 )
=(36.671--9.422
-0)/687.016
=6.71%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. PGIM Short Duration High Yield Opportunities's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was 15.274 (Jul. 2023 ) + 21.397 (Jan. 2024 ) = $36.67 Mil.
PGIM Short Duration High Yield Opportunities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was -21.84 (Jul. 2023 ) + 12.418 (Jan. 2024 ) = $-9.42 Mil.
PGIM Short Duration High Yield Opportunities's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was 0 (Jul. 2023 ) + 0 (Jan. 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.

PGIM Short Duration High Yield Opportunities  (NYSE:SDHY) 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 Jan. 2024, PGIM Short Duration High Yield Opportunities has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

PGIM Short Duration High Yield Opportunities Sloan Ratio % Related Terms

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PGIM Short Duration High Yield Opportunities (PGIM Short Duration High Yield Opportunities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Short Duration High Yield Opportunities (NYSE:SDHY) » Definitions » Sloan Ratio %
Comparable Companies
EAD MUA FSD HIO EFT GBAB BGR ETB EVN EFR BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
655 Broad Street, 6th Floor, Newark, NJ, USA, 07102
Website
https://www.pgim.com
PGIM Short Duration High Yield Opportunities is a closed-end management investment company. The fund's investment objective is to provide total return, through a combination of current income and capital appreciation. Its seeks to achieve its objective by investing in a diversified portfolio of high yield fixed income instruments.
Executives
Robert Cignarella other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Barry H Evans director C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue officer: Chief Compliance Officer 655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack officer: Assistant Treasurer 655 BROAD ST., NEWARK NJ 07102
Michael Lillard other: Head of PGIM Fixed Income/CIO 655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous officer: Chief Compliance Officer 655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Daniel T Thorogood other: Portfolio Manager PGIM, INC., 655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Debra Rubano officer: Assistant Secretary 655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Brian Clapp other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Richard Greenwood other: Investment Professional 2 GATEWAY CENTER, NEWARK NJ 07102
Robert Spano other: Portfolio Manager 2 GATEWAY CENTER, NEWARK NJ 07102