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Exelon (Exelon) Sloan Ratio % : 4.92% (As of Dec. 2023)


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What is Exelon 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.

Exelon's Sloan Ratio for the quarter that ended in Dec. 2023 was 4.92%.

As of Dec. 2023, Exelon has a Sloan Ratio of 4.92%, indicating the company is in the safe zone and there is no funny business with accruals.


Exelon Sloan Ratio % Historical Data

The historical data trend for Exelon'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.

Exelon Sloan Ratio % Chart

Exelon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 1.60 1.51 4.50 4.92

Exelon Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.50 5.89 6.17 5.68 4.92

Competitive Comparison of Exelon's Sloan Ratio %

For the Utilities - Regulated Electric subindustry, Exelon'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.


Exelon's Sloan Ratio % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Exelon's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Exelon's Sloan Ratio % falls into.



Exelon 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.

Exelon'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 )
=(2328-4703
--7375)/101546
=4.92%

Exelon'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 )
=(2329-4703
--7375)/101546
=4.92%

Exelon's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 669 (Mar. 2023 ) + 343 (Jun. 2023 ) + 700 (Sep. 2023 ) + 617 (Dec. 2023 ) = $2,329 Mil.
Exelon's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 484 (Mar. 2023 ) + 1277 (Jun. 2023 ) + 1531 (Sep. 2023 ) + 1411 (Dec. 2023 ) = $4,703 Mil.
Exelon's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1871 (Mar. 2023 ) + -1804 (Jun. 2023 ) + -1840 (Sep. 2023 ) + -1860 (Dec. 2023 ) = $-7,375 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.


Exelon  (NAS:EXC) 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, Exelon has a Sloan Ratio of 4.92%, indicating the company is in the safe zone and there is no funny business with accruals.


Exelon Sloan Ratio % Related Terms

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Exelon (Exelon) Business Description

Address
10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, USA, 60680-5379
Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.
Executives
Anna Richo director AMGEN INC., ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799
Robert A Kleczynski officer: SVP & Corp Controller 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Matthew C Rogers director 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Charisse R Lillie director 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Carim V Khouzami officer: CEO of BGE 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Jeanne M Jones officer: EVP & CFO 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
John Tyler Anthony officer: CEO Pepco Holdings LLC 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Trpik Joseph R Jr officer: SVP & Corp. Controller 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
William P Bowers director 600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Gayle Littleton officer: EVP & General Counsel 10 S. DEARBORN ST., 52ND FLOOR SE, CHICAGO IL 60603
Calvin Jr Butler officer: Sr EVP & CEO Exelon Utilities 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
James Mchugh officer: EVP & Chief Commercial Officer 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Joseph Dominguez officer: CEO, ComEd 10 SOUTH DEARBORN STREET, CHICAGO IL 60603
Joseph Nigro officer: Sr. EVP & Chief Fin. Officer 10 S. DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Christopher M. Crane director, officer: President and CEO 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603