What is TriplePoint Venture Growth BDC 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.
As of Dec. 2023, TriplePoint Venture Growth BDC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
TriplePoint Venture Growth BDC Sloan Ratio % Historical Data
* 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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TriplePoint Venture Growth BDC Sloan Ratio % Chart
Competitive Comparison of TriplePoint Venture Growth BDC's Sloan Ratio %
For the Asset Management subindustry, TriplePoint Venture Growth BDC'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.
TriplePoint Venture Growth BDC's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, TriplePoint Venture Growth BDC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where TriplePoint Venture Growth BDC's Sloan Ratio % falls into.
TriplePoint Venture Growth BDC 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.
TriplePoint Venture Growth BDC's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 7.679 (Mar. 2023 ) + -20.855 (Jun. 2023 ) + 2.148 (Sep. 2023 ) + -28.793 (Dec. 2023 ) = $-39.82 Mil.
TriplePoint Venture Growth BDC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -32.96 (Mar. 2023 ) + 25.466 (Jun. 2023 ) + 70.523 (Sep. 2023 ) + 43.119 (Dec. 2023 ) = $106.15 Mil.
TriplePoint Venture Growth BDC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = $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.
TriplePoint Venture Growth BDC (NYSE:TPVG) 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.
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, TriplePoint Venture Growth BDC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
TriplePoint Venture Growth BDC Sloan Ratio % Related Terms
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TriplePoint Venture Growth BDC (TriplePoint Venture Growth BDC) Business Description
TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Geographically, all the operations of the firm function through the region of the US.
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