Administradora de Fondos de Pensiones-Provida (XSGO:PROVIDA) Sloan Ratio % : -0.05% (As of Dec. 2023)

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What is Administradora de Fondos de Pensiones-Provida 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.

Administradora de Fondos de Pensiones-Provida's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.05%.

As of Dec. 2023, Administradora de Fondos de Pensiones-Provida has a Sloan Ratio of -0.05%, indicating the company is in the safe zone and there is no funny business with accruals.

Administradora de Fondos de Pensiones-Provida Sloan Ratio % Historical Data

The historical data trend for Administradora de Fondos de Pensiones-Provida'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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Administradora de Fondos de Pensiones-Provida Sloan Ratio % Chart

Administradora de Fondos de Pensiones-Provida Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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2.02

-3.57

-2.07

-0.10

-0.05

Administradora de Fondos de Pensiones-Provida Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															-0.10	0.77	-1.17	-3.53	-0.05

Competitive Comparison of Administradora de Fondos de Pensiones-Provida's Sloan Ratio %

For the Asset Management subindustry, Administradora de Fondos de Pensiones-Provida'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.

Administradora de Fondos de Pensiones-Provida's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Administradora de Fondos de Pensiones-Provida's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Administradora de Fondos de Pensiones-Provida's Sloan Ratio % falls into.

Administradora de Fondos de Pensiones-Provida 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.

Administradora de Fondos de Pensiones-Provida's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(126481.055	-	160756.116
	-	-33620.76)	/	1331932.928
	=	-0.05%

Administradora de Fondos de Pensiones-Provida'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 )
	=	(126481.055	-	160756.116
	-	-33620.76)	/	1331932.928
	=	-0.05%

Administradora de Fondos de Pensiones-Provida's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 26199.556 (Mar. 2023 ) + 29092.39 (Jun. 2023 ) + 26204.547 (Sep. 2023 ) + 44984.562 (Dec. 2023 ) = CLP126,481 Mil.
Administradora de Fondos de Pensiones-Provida's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 25996.19 (Mar. 2023 ) + 23326.199 (Jun. 2023 ) + 89916.592 (Sep. 2023 ) + 21517.135 (Dec. 2023 ) = CLP160,756 Mil.
Administradora de Fondos de Pensiones-Provida's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1821.777 (Mar. 2023 ) + 6756.804 (Jun. 2023 ) + -4394.233 (Sep. 2023 ) + -34161.554 (Dec. 2023 ) = CLP-33,621 Mil.

Administradora de Fondos de Pensiones-Provida (XSGO:PROVIDA) 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, Administradora de Fondos de Pensiones-Provida has a Sloan Ratio of -0.05%, indicating the company is in the safe zone and there is no funny business with accruals.

Administradora de Fondos de Pensiones-Provida Sloan Ratio % Related Terms

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Administradora de Fondos de Pensiones-Provida (XSGO:PROVIDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Administradora de Fondos de Pensiones-Provida (XSGO:PROVIDA) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

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Address

Avenida Pedro de Valdivia 100, Providencia, Santiago, CHL

Website

http://www.provida.cl

Administradora de Fondos de Pensiones-Provida administrates private pension fund. It is in investment and collection of clients' contributions, management of individual capitalization accounts and provision of life and disability benefits. Its services include collection for individual capitalization accounts, voluntary savings accounts, voluntary pension savings, life and disability benefits, investment services, and accounts administration. The company also holds investments in private pension fund administrators operating in Peru, Ecuador, Mexico, and the Dominican Republic.

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