Oaktree Capital Group LLC (Oaktree Capital Group LLC) Sloan Ratio % : 25.94% (As of Sep. 2019)

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What is Oaktree Capital Group LLC 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.

Oaktree Capital Group LLC's Sloan Ratio for the quarter that ended in Sep. 2019 was 25.94%.

As of Sep. 2019, Oaktree Capital Group LLC has a Sloan Ratio of 25.94%, indicating there is a warning stage of accrual build up.

Oaktree Capital Group LLC Sloan Ratio % Historical Data

The historical data trend for Oaktree Capital Group LLC'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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Oaktree Capital Group LLC Sloan Ratio % Chart

Oaktree Capital Group LLC Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Sloan Ratio %

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8.42

2.06

7.99

2.49

12.78

Oaktree Capital Group LLC Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Sloan Ratio %	Get a 7-Day Free Trial															8.60	12.78	13.90	19.45	25.94

Competitive Comparison of Oaktree Capital Group LLC's Sloan Ratio %

For the Asset Management subindustry, Oaktree Capital Group LLC'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.

Oaktree Capital Group LLC's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Oaktree Capital Group LLC's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Oaktree Capital Group LLC's Sloan Ratio % falls into.

Oaktree Capital Group LLC 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.

Oaktree Capital Group LLC's Sloan Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2018 )	-	Cash Flow from Operations (A: Dec. 2018 )
	-	Cash Flow from Investing (A: Dec. 2018 ))	/	Total Assets (A: Dec. 2018 )
	=	(223.418	-	-617.017
	-	-493.15)	/	10432.178
	=	12.78%

Oaktree Capital Group LLC's Sloan Ratio for the quarter that ended in Sep. 2019 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2019 )
	=	(176.443	-	-3274.627
	-	405.723)	/	11739.195
	=	25.94%

Oaktree Capital Group LLC's Net Income for the trailing twelve months (TTM) ended in Sep. 2019 was 82.906 (Dec. 2018 ) + 54.083 (Mar. 2019 ) + 49.273 (Jun. 2019 ) + -9.819 (Sep. 2019 ) = $176 Mil.
Oaktree Capital Group LLC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2019 was -478.448 (Dec. 2018 ) + -56.511 (Mar. 2019 ) + -929.55 (Jun. 2019 ) + -1810.118 (Sep. 2019 ) = $-3,275 Mil.
Oaktree Capital Group LLC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2019 was -229.7 (Dec. 2018 ) + 151.754 (Mar. 2019 ) + 54.913 (Jun. 2019 ) + 428.756 (Sep. 2019 ) = $406 Mil.

Oaktree Capital Group LLC (NYSE:OAK) 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 Sep. 2019, Oaktree Capital Group LLC has a Sloan Ratio of 25.94%, indicating there is a warning stage of accrual build up.

Oaktree Capital Group LLC Sloan Ratio % Related Terms

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Oaktree Capital Group LLC (Oaktree Capital Group LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Oaktree Capital Group LLC (NYSE:OAK) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

OAKpB.PFD:USA OAKpA.PFD:USA

Address

333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071

Website

https://www.oaktreecapital.com

Oaktree Capital Group LLC is an alternative asset manager involved in investing in credit, real assets, private equity, and listed equities. It operates into one segment namely the Investment management business which consists of the services that it provides to clients. It operates in the United States where it generates the majority of its revenue.

Executives

Steven J Gilbert	director	540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Justin B. Beber	director	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY ST., STE. 300, TORONTO A6 M5J 2T3
Bruce Flatt	director	C/O BROOKFIELD ASSET MANAGEMENT INC., 181 BAY STREET, P.O. BOX 762, TORONTO A6 M5J2T3
Bruce A Karsh	director, officer: See Remarks	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Daniel D Levin	officer: See Remarks	333 S. GRAND AVENUE, 28 TH FLOOR, LOS ANGELES CA 90071
Larry W Keele	director	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Wayne G Pierson	director	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Todd E Molz	officer: See Remarks	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Howard S Marks	director, officer: Co-Chairman	C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Sheldon M Stone	director, officer: Principal	C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
David Richard Masson	director	333 S GRAND AVENUE 28TH FL, LOS ANGELES CA 90071
Robert E Denham	director	MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071
John Frank	director, officer: Vice Chairman	C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071
Jay S Wintrob	director, officer: Chief Executive Officer	333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Marna C Whittington	director	2959 BARLEY MILL ROAD, YORKLYN DE 19736