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 Mar. 2024, BNP Paribas Bank Polska has a Sloan Ratio of 1.02%, indicating the company is in the safe zone and there is no funny business with accruals.
BNP Paribas Bank Polska 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.
Competitive Comparison of BNP Paribas Bank Polska's Sloan Ratio %
For the Banks - Regional subindustry, BNP Paribas Bank Polska'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.
BNP Paribas Bank Polska's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, BNP Paribas Bank Polska's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where BNP Paribas Bank Polska's Sloan Ratio % falls into.
BNP Paribas Bank Polska 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.
BNP Paribas Bank Polska's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
BNP Paribas Bank Polska's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 459.647 (Jun. 2023 ) + 445.479 (Sep. 2023 ) + -380.565 (Dec. 2023 ) + 590.588 (Mar. 2024 ) = zł1,115 Mil.
BNP Paribas Bank Polska's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 3050.625 (Jun. 2023 ) + -3147.507 (Sep. 2023 ) + 7613.948 (Dec. 2023 ) + 2760.729 (Mar. 2024 ) = zł10,278 Mil.
BNP Paribas Bank Polska's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1381.791 (Jun. 2023 ) + -2567.208 (Sep. 2023 ) + -4298.994 (Dec. 2023 ) + -2540.93 (Mar. 2024 ) = zł-10,789 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.
BNP Paribas Bank Polska (WAR:BNP) 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 Mar. 2024, BNP Paribas Bank Polska has a Sloan Ratio of 1.02%, indicating the company is in the safe zone and there is no funny business with accruals.
BNP Paribas Bank Polska Sloan Ratio % Related Terms
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BNP Paribas Bank Polska (WAR:BNP) Business Description
BNP Paribas Bank Polska SA provides various banking and financial services. It specializes in the financing of agriculture, food economy and regional infrastructure. Further operation of the firm is breakdown into various business segments which include Retail and Business Banking, Small and Medium-Sized Enterprises, Corporate Banking, Corporate and Institutional Banking as well as Other Operations. The bank is engaged in offering services such as saving and current accounts, deposits, e-banking, loans, debit & credit cards, insurances, pensions schemes and corporate banking for individuals, private banking customers, microenterprises, whereas institutional customers and to medium-sized and large enterprises. Business activity of the bank is primarily functioned through the Poland region.
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