>
Switch to:

Western Asset Global High Fd Sloan Ratio %

: 0.00% (As of Nov. 2021)
View and export this data going back to . Start your Free Trial

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.

Western Asset Global High Fd's Sloan Ratio for the quarter that ended in Nov. 2021 was 0.00%.

As of Nov. 2021, Western Asset Global High Fd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Western Asset Global High Fd Sloan Ratio % Historical Data

The historical data trend for Western Asset Global High Fd'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.

Western Asset Global High Fd Annual Data
Trend May18 May19 May20 May21
Sloan Ratio %
- - - -

Western Asset Global High Fd Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Asset Management subindustry, Western Asset Global High Fd'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.

   

Western Asset Global High Fd Sloan Ratio % Distribution

For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Western Asset Global High Fd's Sloan Ratio % falls into.



Western Asset Global High Fd 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.

Western Asset Global High Fd's Sloan Ratio for the fiscal year that ended in May. 2021 is calculated as

Sloan Ratio=(Net Income (A: May. 2021 )-Cash Flow from Operations (A: May. 2021 )
-Cash Flow from Investing (A: May. 2021 ))/Total Assets (A: May. 2021 )
=(59.643-328.193
-0)/355.439
=-75.55%

Western Asset Global High Fd's Sloan Ratio for the quarter that ended in Nov. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Nov. 2021 )
=(8.353-18.074
-0)/340.287
=-2.86%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Western Asset Global High Fd's Net Income for the trailing twelve months (TTM) ended in Nov. 2021 was 10.713 (May. 2021 ) + -2.36 (Nov. 2021 ) = $8.35 Mil.
Western Asset Global High Fd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2021 was 9.535 (May. 2021 ) + 8.539 (Nov. 2021 ) = $18.07 Mil.
Western Asset Global High Fd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2021 was 0 (May. 2021 ) + 0 (Nov. 2021 ) = $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.


Western Asset Global High Fd  (NYSE:EHI) 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 Nov. 2021, Western Asset Global High Fd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Western Asset Global High Fd Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Western Asset Global High Fd's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Western Asset Global High Fd Business Description

Western Asset Global High Fd logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018
Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.
Executives
Fergerson Laura F other: Manager/Investment Manager 3310 QUALITY DRIVE 2ND FLOOR RANCHO CORDOVA CA 95670
Eakes Brian other: Manager/Investment Manager 100 INTERNATIONAL DRIVE BALTIMORE MD 21202
Hoyt George P. officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Nicholls Matthew other: Director of Sub-Adviser ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Bolt Jennifer J other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906
Plafker Jed A. other: Director of Sub-Adviser ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Weinstein Boaz 10 percent owner 405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Jensen Fred Steven officer: Chief Compliance Officer LEGG MASON 620 EIGHTH AVENUE, 49TH FLOOR NEW YORK NY 10018
Cronin Daniel P director 235 EAST 42ND ST NEW YORK NY 10017
Hutchinson William R director 535 N MICHIGAN STE 1012 CHICAGO IL 60611
Berarducci Christopher officer: Treas/Principal Finan Officer LEGG MASON 620 EIGHTH AVENUE NEW YORK NY 10018
Kumar Nisha director 1735 MARKET STREET 32ND FLOOR PHILADELPHIA PA 19103
Berg Jennifer S officer: Treasurer 100 INTERNATIONAL DRIVE 7TH FLOOR BALTIMORE MD 21202
Kuehl Todd F officer: Chief Compliance Officer 1555 PEACHTREE STREET NE ATLANTA 2Q 30309

Western Asset Global High Fd Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)