What is Far Eastern International 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, Far Eastern International Bank has a Sloan Ratio of -1.24%, indicating the company is in the safe zone and there is no funny business with accruals.
Far Eastern International 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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Far Eastern International Bank Sloan Ratio % Chart
Competitive Comparison of Far Eastern International Bank's Sloan Ratio %
For the Banks - Regional subindustry, Far Eastern International 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.
Far Eastern International Bank's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Far Eastern International Bank's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Far Eastern International Bank's Sloan Ratio % falls into.
Far Eastern International 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.
Far Eastern International Bank's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 1241.328 (Mar. 2024 ) + 1169.131 (Jun. 2024 ) + 1120.641 (Sep. 2024 ) + 766.09 (Dec. 2024 ) = NT$4,297 Mil.
Far Eastern International Bank's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 13190.934 (Mar. 2024 ) + -6373.696 (Jun. 2024 ) + 11993.889 (Sep. 2024 ) + -3249.491 (Dec. 2024 ) = NT$15,562 Mil.
Far Eastern International Bank's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -634.04 (Mar. 2024 ) + 250.115 (Jun. 2024 ) + -129.666 (Sep. 2024 ) + -134.141 (Dec. 2024 ) = NT$-648 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.
Far Eastern International Bank (TPE:2845) 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, Far Eastern International Bank has a Sloan Ratio of -1.24%, indicating the company is in the safe zone and there is no funny business with accruals.
Far Eastern International Bank Sloan Ratio % Related Terms
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Far Eastern International Bank Business Description
Far Eastern International Bank is a provider of financial solutions in Taiwan. The bank serves both individual and institutional customers through personal banking and corporate banking. The bank offers services such as savings and checking accounts, foreign exchange services, insurance, tax-savings, wealth management, credit cards, consumer loans, mortgages, car loans, offshore banking services, derivatives, margin trading, asset swaps, trading of government and corporate bonds, bank debentures, trusts, and real estate services. The bank generates all revenue domestically.
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