What is Nam A Commercial Joint Stock Bank 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.
As of Dec. 2024, Nam A Commercial Joint Stock Bank has a Sloan Ratio of -3.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Nam A Commercial Joint Stock Bank 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.
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Nam A Commercial Joint Stock Bank Sloan Ratio % Chart
Competitive Comparison of Nam A Commercial Joint Stock Bank's Sloan Ratio %
For the Banks - Regional subindustry, Nam A Commercial Joint Stock Bank'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.
Nam A Commercial Joint Stock Bank's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Nam A Commercial Joint Stock Bank's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nam A Commercial Joint Stock Bank's Sloan Ratio % falls into.
Nam A Commercial Joint Stock Bank 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.
Nam A Commercial Joint Stock Bank's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 798182 (Mar. 2024 ) + 971738 (Jun. 2024 ) + 870381 (Sep. 2024 ) + 966792 (Dec. 2024 ) = ₫3,607,093 Mil.
Nam A Commercial Joint Stock Bank's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -2304397 (Mar. 2024 ) + 7269982 (Jun. 2024 ) + 2561940 (Sep. 2024 ) + 5871627 (Dec. 2024 ) = ₫13,399,152 Mil.
Nam A Commercial Joint Stock Bank's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -266375 (Mar. 2024 ) + -327655 (Jun. 2024 ) + -39698 (Sep. 2024 ) + -166100 (Dec. 2024 ) = ₫-799,828 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.
Nam A Commercial Joint Stock Bank (STC:NAB) 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, Nam A Commercial Joint Stock Bank has a Sloan Ratio of -3.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Nam A Commercial Joint Stock Bank Sloan Ratio % Related Terms
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Nam A Commercial Joint Stock Bank Business Description
Nam A Commercial Joint Stock Bank is engaged in providing banking services such as mobilizing short, medium and long-term funds in the form of term deposits, demand deposits, cod; receiving entrusted investment and development funds, borrowings from other financial institutions; granting short, medium and long-term loans; discounting of commercial notes, bonds and valuable papers; contributing capital and investing in joint-ventures, settlement services to customers, trading foreign currencies, gold, international payment, mobilizing overseas funds and other banking services to overseas counterparties; preserving assets, leasing cabinets and safes; insurance agency; credit granting; debt purchasing; trading and providing forex services on domestic and international market and others.
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