RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Sloan Ratio % : 0.00% (As of Dec. 2023)

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What is RiverNorth/DoubleLine Strategic Opportunity Fund 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, RiverNorth/DoubleLine Strategic Opportunity Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

RiverNorth/DoubleLine Strategic Opportunity Fund Sloan Ratio % Historical Data

The historical data trend for RiverNorth/DoubleLine Strategic Opportunity 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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RiverNorth/DoubleLine Strategic Opportunity Fund Sloan Ratio % Chart

RiverNorth/DoubleLine Strategic Opportunity Fund Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Sloan Ratio %

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RiverNorth/DoubleLine Strategic Opportunity Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of RiverNorth/DoubleLine Strategic Opportunity Fund's Sloan Ratio %

For the Asset Management subindustry, RiverNorth/DoubleLine Strategic Opportunity 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth/DoubleLine Strategic Opportunity Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where RiverNorth/DoubleLine Strategic Opportunity Fund's Sloan Ratio % falls into.

RiverNorth/DoubleLine Strategic Opportunity 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Jun. 2023 )	-	Cash Flow from Operations (A: Jun. 2023 )
	-	Cash Flow from Investing (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2023 )
	=	(5.763	-	5.047
	-	0)	/	343.045
	=	0.21%

RiverNorth/DoubleLine Strategic Opportunity Fund's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(29.792	-	34.466
	-	0)	/	345.086
	=	-1.35%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. RiverNorth/DoubleLine Strategic Opportunity Fund's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 12.348 (Jun. 2023 ) + 17.444 (Dec. 2023 ) = $29.79 Mil.
RiverNorth/DoubleLine Strategic Opportunity Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 17.948 (Jun. 2023 ) + 16.518 (Dec. 2023 ) = $34.47 Mil.
RiverNorth/DoubleLine Strategic Opportunity Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Jun. 2023 ) + 0 (Dec. 2023 ) = $0.00 Mil.

RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) 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 Dec. 2023, RiverNorth/DoubleLine Strategic Opportunity Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

RiverNorth/DoubleLine Strategic Opportunity Fund Sloan Ratio % Related Terms

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RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth/DoubleLine Strategic Opportunity Fund Inc (NYSE:OPP) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com

RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.

Executives

Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Brian H Schmucker	other: OFFICER OF THE INVT ADVISER	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Patrick W. Galley	director, officer: President	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Youse Guia	other: Exec Comm Mbr: OPP Subadviser	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta	other: Exec Comm Mbr: OPP Subadviser	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Rivernorth Marketplace Lending Corp	other: Investment Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Fred G Steingraber	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins	officer: CCO and Secretary	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt	officer: CFO and Treasurer	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter	director	433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607