DTFTax-Freeome (DTFTax-Freeome) Sloan Ratio %

DTFTax-Freeome Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
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For the Asset Management subindustry, DTFTax-Freeome'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.

For the Asset Management industry and Financial Services sector, DTFTax-Freeome's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where DTFTax-Freeome's Sloan Ratio % falls into.

DTFTax-Freeome 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.

DTFTax-Freeome's Sloan Ratio for the fiscal year that ended in Oct. 2023 is calculated as

DTFTax-Freeome's Sloan Ratio for the quarter that ended in Oct. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. DTFTax-Freeome's Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was 5.783 (Apr. 2023 ) + -2.704 (Oct. 2023 ) = $3.08 Mil.
DTFTax-Freeome's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2023 was 5.122 (Apr. 2023 ) + 38.298 (Oct. 2023 ) = $43.42 Mil.
DTFTax-Freeome's Cash Flow from Investing for the trailing twelve months (TTM) ended in Oct. 2023 was 0 (Apr. 2023 ) + 0 (Oct. 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.

DTFTax-Freeome  (NYSE:DTF) 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 Oct. 2023, DTFTax-Freeome has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

DTFTax-Freeome Sloan Ratio % Related Terms

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DTFTax-Freeome (DTFTax-Freeome) Business Description