Nuveen Arizona Quality Municipalome Fund (Nuveen Arizona Quality Municipalome Fund) Sloan Ratio %

: 0.00% (As of Aug. 2023)

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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.

Nuveen Arizona Quality Municipalome Fund's Sloan Ratio for the quarter that ended in Aug. 2023 was 0.00%.

As of Aug. 2023, Nuveen Arizona Quality Municipalome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Nuveen Arizona Quality Municipalome Fund Sloan Ratio % Historical Data

The historical data trend for Nuveen Arizona Quality Municipalome 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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Nuveen Arizona Quality Municipalome Fund Annual Data

Trend

Feb14

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Feb23

Sloan Ratio %

Nuveen Arizona Quality Municipalome Fund Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Sloan Ratio %																-	-	-	-	-

Competitive Comparison

For the Asset Management subindustry, Nuveen Arizona Quality Municipalome 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.

Nuveen Arizona Quality Municipalome Fund Sloan Ratio % Distribution

For the Asset Management industry and Financial Services sector, Nuveen Arizona Quality Municipalome Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Nuveen Arizona Quality Municipalome Fund's Sloan Ratio % falls into.

Nuveen Arizona Quality Municipalome 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.

Nuveen Arizona Quality Municipalome Fund's Sloan Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Feb. 2023 )	-	Cash Flow from Operations (A: Feb. 2023 )
	-	Cash Flow from Investing (A: Feb. 2023 ))	/	Total Assets (A: Feb. 2023 )
	=	(-18.978	-	6.892
	-	0)	/	240.374
	=	-10.76%

Nuveen Arizona Quality Municipalome Fund's Sloan Ratio for the quarter that ended in Aug. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Aug. 2023 )
	=	(-1.454	-	5.576
	-	0)	/	237.681
	=	-2.96%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Nuveen Arizona Quality Municipalome Fund's Net Income for the trailing twelve months (TTM) ended in Aug. 2023 was -1.967 (Feb. 2023 ) + 0.513 (Aug. 2023 ) = $-1.45 Mil.
Nuveen Arizona Quality Municipalome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2023 was 1.851 (Feb. 2023 ) + 3.725 (Aug. 2023 ) = $5.58 Mil.
Nuveen Arizona Quality Municipalome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2023 was 0 (Feb. 2023 ) + 0 (Aug. 2023 ) = $0.00 Mil.

Nuveen Arizona Quality Municipalome Fund (NYSE:NAZ) 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 Aug. 2023, Nuveen Arizona Quality Municipalome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Nuveen Arizona Quality Municipalome Fund Sloan Ratio % Related Terms

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Nuveen Arizona Quality Municipalome Fund (Nuveen Arizona Quality Municipalome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.nuveen.com

Nuveen Arizona Quality Municipal Income Fund is a closed-end management investment company. Its primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes. The fund's secondary objective is to enhance the portfolio value relative to the Arizona municipal bond market through investments in tax-exempt Arizona Municipal Obligations that, in the opinion of the Fund's investment adviser, are underrated or undervalued or that represent municipal market sectors that are undervalued.

Executives

Trey Iii Stenersen	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black	officer: Chief Compliance Officer	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r.	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Joanne Medero	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton	other: Trustee	3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan	officer: Vice President	TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner	officer: Vice President	333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Brian J Lockhart	officer: Vicen President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Jacques M Longerstaey	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham	officer: Vice President	C/O NUVEEN, STE 3400, CHICAGO IL 60606
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Demark L Winget	officer: Vice President	C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, CHICAGO IL 60606
William T. Meyers	officer: Vice President	C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
Michael A Perry	officer: Vice President	101 PARK AVENUE, SUITE 1400, OKLAHOMA CITY OK 73102

Nuveen Arizona Quality Municipalome Fund (Nuveen Arizona Quality Municipalome Fund) Headlines

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