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Nuveen Quality Municipalome Fund Sloan Ratio %

: -3.02% (As of Apr. 2020)
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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 Quality Municipalome Fund's Sloan Ratio for the quarter that ended in Apr. 2020 was -3.02%.

As of Apr. 2020, Nuveen Quality Municipalome Fund has a Sloan Ratio of -3.02%, indicating the company is in the safe zone and there is no funny business with accruals.


Nuveen Quality Municipalome Fund Sloan Ratio % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Nuveen Quality Municipalome Fund Annual Data
Oct17 Oct18 Oct19
Sloan Ratio % -2.75 -0.78 5.88

Nuveen Quality Municipalome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20
Sloan Ratio % Premium Member Only 0.00 -0.78 1.43 5.88 -3.02

Competitive Comparison
* 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.


Nuveen Quality Municipalome Fund Sloan Ratio % Distribution

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



Nuveen 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 Quality Municipalome Fund's Sloan Ratio for the fiscal year that ended in Oct. 2019 is calculated as

Sloan Ratio=(Net Income (A: )-Cash Flow from Operations (A: Oct. 2019 )
-Cash Flow from Investing (A: Oct. 2019 ))/Total Assets (A: Oct. 2019 )
=(430.135-130.347
-0)/5097.46
=5.88%

Nuveen Quality Municipalome Fund's Sloan Ratio for the quarter that ended in Apr. 2020 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Apr. 2020 )
=(-19.046-134.89
-0)/5092.4
=-3.02%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Nuveen Quality Municipalome Fund's Net Income for the trailing twelve months (TTM) ended in Apr. 2020 was 183.453 (Oct. 2019 ) + -202.499 (Apr. 2020 ) = $-19.05 Mil.
Nuveen Quality Municipalome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2020 was 66.993 (Oct. 2019 ) + 67.897 (Apr. 2020 ) = $134.89 Mil.
Nuveen Quality Municipalome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2020 was 0 (Oct. 2019 ) + 0 (Apr. 2020 ) = $0.00 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Nuveen Quality Municipalome Fund  (NYSE:NAD) 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 Apr. 2020, Nuveen Quality Municipalome Fund has a Sloan Ratio of -3.02%, indicating the company is in the safe zone and there is no funny business with accruals.


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