What is Bain Capital Specialty Finance 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 Mar. 2024, Bain Capital Specialty Finance has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Bain Capital Specialty Finance 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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Bain Capital Specialty Finance Sloan Ratio % Chart
Competitive Comparison of Bain Capital Specialty Finance's Sloan Ratio %
For the Asset Management subindustry, Bain Capital Specialty Finance'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.
Bain Capital Specialty Finance's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Bain Capital Specialty Finance's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bain Capital Specialty Finance's Sloan Ratio % falls into.
Bain Capital Specialty Finance 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.
Bain Capital Specialty Finance's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 29.171 (Jun. 2023 ) + 33.856 (Sep. 2023 ) + 31.063 (Dec. 2023 ) + 35.095 (Mar. 2024 ) = $129.2 Mil.
Bain Capital Specialty Finance's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -8.774 (Jun. 2023 ) + 122.31 (Sep. 2023 ) + 148.686 (Dec. 2023 ) + -63.688 (Mar. 2024 ) = $198.5 Mil.
Bain Capital Specialty Finance's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = $0.0 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.
Bain Capital Specialty Finance (NYSE:BCSF) 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, Bain Capital Specialty Finance has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Bain Capital Specialty Finance Sloan Ratio % Related Terms
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Bain Capital Specialty Finance (Bain Capital Specialty Finance) Business Description
Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. The company is managed by the Advisor, an investment adviser that is registered with the SEC under the Investment Advisers Act. The advisor also provides the administrative services necessary for the company to operate. The primary focus is capitalizing on opportunities within Bain Capital Credit's Senior Direct Lending Strategy which seeks to provide risk-adjusted returns and current income to investors by investing primarily in middle-market companies with between $10.0 million and $150.0 million in annual EBITDA.
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