GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Big 8 Split Inc (TSX:BIG.PR.D.PFD) » Definitions » Sloan Ratio %

Big 8 Split (TSX:BIG.PR.D.PFD) Sloan Ratio % : 0.00% (As of Jun. 2018)


View and export this data going back to 2013. Start your Free Trial

What is Big 8 Split 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.

Big 8 Split's Sloan Ratio for the quarter that ended in Jun. 2018 was 0.00%.

As of Jun. 2018, Big 8 Split has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Big 8 Split Sloan Ratio % Historical Data

The historical data trend for Big 8 Split'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.

Big 8 Split Sloan Ratio % Chart

Big 8 Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only - - - - -

Big 8 Split Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 - - - - -

Competitive Comparison of Big 8 Split's Sloan Ratio %

For the Asset Management subindustry, Big 8 Split'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.


Big 8 Split's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Big 8 Split's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Big 8 Split's Sloan Ratio % falls into.



Big 8 Split 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.

Big 8 Split's Sloan Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2017 )-Cash Flow from Operations (A: Dec. 2017 )
-Cash Flow from Investing (A: Dec. 2017 ))/Total Assets (A: Dec. 2017 )
=(2.258-1.623
-0)/25.709
=2.47%

Big 8 Split's Sloan Ratio for the quarter that ended in Jun. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2018 )
=(2.899-1.469
-0)/25.277
=5.66%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Big 8 Split's Net Income for the trailing twelve months (TTM) ended in Jun. 2018 was 2.955 (Dec. 2017 ) + -0.056 (Jun. 2018 ) = C$2.90 Mil.
Big 8 Split's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2018 was 1.309 (Dec. 2017 ) + 0.16 (Jun. 2018 ) = C$1.47 Mil.
Big 8 Split's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2018 was 0 (Dec. 2017 ) + 0 (Jun. 2018 ) = C$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.


Big 8 Split  (TSX:BIG.PR.D.PFD) 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 Jun. 2018, Big 8 Split has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Big 8 Split Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Big 8 Split's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Big 8 Split (TSX:BIG.PR.D.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Big 8 Split Inc is a Canada based closed-end investment fund company. Its principal business is to invest in private equity, private debt, and public securities. In private equity investment, the company directly invests in real estate. The group also makes direct investments in mortgages and other debt secured by real estate in private debt investments. Public securities investments include investments in public listed companies that own investment-grade real estate. In addition, the company also offers integrated solutions by combining the three investment strategies into one balanced vehicle for specific investment mandates. Timbercreek Asset Management is the investment fund manager of the company.

Big 8 Split (TSX:BIG.PR.D.PFD) Headlines

No Headlines