Switch to:

On Deck Capital Sloan Ratio %

: 4.56% (As of Sep. 2019)
View and export this data going back to 2014. 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.

On Deck Capital's Sloan Ratio for the quarter that ended in Sep. 2019 was 4.56%.

As of Sep. 2019, On Deck Capital has a Sloan Ratio of 4.56%, indicating the company is in the safe zone and there is no funny business with accruals.


On Deck Capital 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.

On Deck Capital Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Sloan Ratio % Premium Member Only Premium Member Only 34.22 6.47 34.40 -6.45 14.08

On Deck Capital Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.45 14.09 11.87 7.99 4.56

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.


On Deck Capital Sloan Ratio % Distribution

* The bar in red indicates where On Deck Capital's Sloan Ratio % falls into.



On Deck Capital 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.

On Deck Capital's Sloan Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Sloan Ratio=(Net Income (A: )-Cash Flow from Operations (A: Dec. 2018 )
-Cash Flow from Investing (A: Dec. 2018 ))/Total Assets (A: Dec. 2018 )
=(27.681-263.781
--399.641)/1161.57
=14.08%

On Deck Capital'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 )
=(33.337-287.783
--312.647)/1275.653
=4.56%

On Deck Capital's Net Income for the trailing twelve months (TTM) ended in Sep. 2019 was 14.5 (Dec. 2018 ) + 5.858 (Mar. 2019 ) + 4.295 (Jun. 2019 ) + 8.684 (Sep. 2019 ) = $33.3 Mil.
On Deck Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2019 was 81.104 (Dec. 2018 ) + 68.793 (Mar. 2019 ) + 67.766 (Jun. 2019 ) + 70.12 (Sep. 2019 ) = $287.8 Mil.
{{stock_data.stock.company}'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2019 was -104.465 (Dec. 2018 ) + -87.515 (Mar. 2019 ) + -37.897 (Jun. 2019 ) + -82.77 (Sep. 2019 ) = $-312.6 Mil.

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


On Deck Capital  (NYSE:ONDK) 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, On Deck Capital has a Sloan Ratio of 4.56%, indicating the company is in the safe zone and there is no funny business with accruals.


On Deck Capital Sloan Ratio % Related Terms


On Deck Capital Sloan Ratio % Headlines

No Headline

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)