Jefferies Financial Group (Jefferies Financial Group) Sloan Ratio %

Jefferies Financial Group Annual Data
	Trend	Dec13	Dec14	Dec15	Dec16	Dec17	Nov19	Nov20	Nov21	Nov22	Nov23
Sloan Ratio %							0.17	-2.10	0.89	-1.88	3.84

Jefferies Financial Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Sloan Ratio %																-1.19	0.07	3.73	3.84	3.03

For the Capital Markets subindustry, Jefferies Financial Group'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 Capital Markets industry and Financial Services sector, Jefferies Financial Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Jefferies Financial Group's Sloan Ratio % falls into.

Jefferies Financial Group 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.

Jefferies Financial Group's Sloan Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Jefferies Financial Group's Sloan Ratio for the quarter that ended in Feb. 2024 is calculated as

Jefferies Financial Group's Net Income for the trailing twelve months (TTM) ended in Feb. 2024 was 12.395 (May. 2023 ) + 57.719 (Aug. 2023 ) + 71.938 (Nov. 2023 ) + 163.83 (Feb. 2024 ) = $306 Mil.
Jefferies Financial Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 was 417.178 (May. 2023 ) + -488.305 (Aug. 2023 ) + -43.651 (Nov. 2023 ) + -1302.903 (Feb. 2024 ) = $-1,418 Mil.
Jefferies Financial Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2024 was -81.204 (May. 2023 ) + -138.741 (Aug. 2023 ) + 243.834 (Nov. 2023 ) + -145.287 (Feb. 2024 ) = $-121 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.

Jefferies Financial Group  (NYSE:JEF) 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 Feb. 2024, Jefferies Financial Group has a Sloan Ratio of 3.03%, indicating the company is in the safe zone and there is no funny business with accruals.

Jefferies Financial Group Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Jefferies Financial Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jefferies Financial Group (Jefferies Financial Group) Business Description