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Credit Suisse Asset Mgmtome Fund (Credit Suisse Asset Mgmtome Fund) Sloan Ratio % : 0.00% (As of Dec. 2023)


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What is Credit Suisse Asset Mgmtome Fund 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.

Credit Suisse Asset Mgmtome Fund's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, Credit Suisse Asset Mgmtome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Credit Suisse Asset Mgmtome Fund Sloan Ratio % Historical Data

The historical data trend for Credit Suisse Asset Mgmtome Fund'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.

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Credit Suisse Asset Mgmtome Fund Sloan Ratio % Chart

Credit Suisse Asset Mgmtome Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
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Credit Suisse Asset Mgmtome Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Credit Suisse Asset Mgmtome Fund's Sloan Ratio %

For the Asset Management subindustry, Credit Suisse Asset Mgmtome Fund'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.


Credit Suisse Asset Mgmtome Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Credit Suisse Asset Mgmtome Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Credit Suisse Asset Mgmtome Fund's Sloan Ratio % falls into.



Credit Suisse Asset Mgmtome Fund 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.

Credit Suisse Asset Mgmtome Fund's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(26.003-21.945
-0)/216.705
=1.87%

Credit Suisse Asset Mgmtome Fund's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(26.003-21.945
-0)/216.705
=1.87%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Credit Suisse Asset Mgmtome Fund's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 12.558 (Jun. 2023 ) + 13.445 (Dec. 2023 ) = $26.00 Mil.
Credit Suisse Asset Mgmtome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 12.104 (Jun. 2023 ) + 9.841 (Dec. 2023 ) = $21.95 Mil.
Credit Suisse Asset Mgmtome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Jun. 2023 ) + 0 (Dec. 2023 ) = $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.


Credit Suisse Asset Mgmtome Fund  (AMEX:CIK) 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 Dec. 2023, Credit Suisse Asset Mgmtome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Credit Suisse Asset Mgmtome Fund Sloan Ratio % Related Terms

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Credit Suisse Asset Mgmtome Fund (Credit Suisse Asset Mgmtome Fund) Business Description

Traded in Other Exchanges
N/A
Address
Eleven Madison Avenue, New York, NY, USA, 10010
Credit Suisse Asset Mgmt Income Fund Inc is a closed-end management investment company. The investment objective of the fund is to provide current income consistent with the preservation of capital. Credit Suisse serves as an investment adviser for the fund. Asset Management offers a wide range of investment products and functions across asset classes and investment styles. The division manages global and regional portfolios, mutual funds, and other investment vehicles for governments, institutions, corporations, and individuals.
Executives
Laura A Defelice director ONE MADISON AVENUE, NEW YORK NY 10010
Brandi Sinkovich officer: Chief Compliance Officer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Samantha Kappagoda director C/O CREDIT SUISSE ASSET MANAGEMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK NY 10010
Rachael Inez Hoffman officer: Chief Compliance Officer 11 MADISON AVENUE, NEW YORK NY 10010
Antonio Muinos officer: Chief Compliance Officer ELEVEN MADISON AVENUE, 9TH AVENUE, NEW YORK NY 10010
Jason Patrick Gossett officer: Chief Compliance Officer RALEIGH LT BUILDING, MORRISVILLE NC 27560
Thomas J. Flannery officer: Chief Investment Officer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Omar Tariq officer: CFO & Treasurer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Csam Americas Holding Corp. other: Affiliate of InvestmentAdviser ONE MADISON AVENUE, NEW YORK NY 10010
Jeffrey E Garten director AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
Mahendra R Gupta director WASHINGTON UNIVERSITY CAMPUS BOX 1133, ONE BROOKINGS DRIVE, ST. LOUIS MO 63130-4899
Terry Fires Bovarnick director C/O CREDIT SUISSE ASSET MANAGMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK CITY NY 10010
Steven N Rappaport director C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
James Cattano director C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103

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