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Private Equity Holding AG (XSWX:PEHN) Sloan Ratio % : 0.00% (As of Sep. 2023)


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What is Private Equity Holding AG 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.

Private Equity Holding AG's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

As of Sep. 2023, Private Equity Holding AG has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Private Equity Holding AG Sloan Ratio % Historical Data

The historical data trend for Private Equity Holding AG'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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Private Equity Holding AG Sloan Ratio % Chart

Private Equity Holding AG Annual Data
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Sloan Ratio %
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Private Equity Holding AG Semi-Annual Data
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Competitive Comparison of Private Equity Holding AG's Sloan Ratio %

For the Asset Management subindustry, Private Equity Holding AG'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.


Private Equity Holding AG's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Private Equity Holding AG's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Private Equity Holding AG's Sloan Ratio % falls into.



Private Equity Holding AG 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.

Private Equity Holding AG's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2023 )-Cash Flow from Operations (A: Mar. 2023 )
-Cash Flow from Investing (A: Mar. 2023 ))/Total Assets (A: Mar. 2023 )
=(-0.923--0.779
-0)/421.352
=-0.03%

Private Equity Holding AG's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2023 )
=(-5.101--0.705
-0)/418.302
=-1.05%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Private Equity Holding AG's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -12.112 (Mar. 2023 ) + 7.011 (Sep. 2023 ) = CHF-5.10 Mil.
Private Equity Holding AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.031 (Mar. 2023 ) + -0.674 (Sep. 2023 ) = CHF-0.71 Mil.
Private Equity Holding AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Mar. 2023 ) + 0 (Sep. 2023 ) = CHF0.00 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.


Private Equity Holding AG  (XSWX:PEHN) 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. 2023, Private Equity Holding AG has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Private Equity Holding AG Sloan Ratio % Related Terms

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Private Equity Holding AG (XSWX:PEHN) Business Description

Traded in Other Exchanges
N/A
Address
Gotthardstrasse 28, Zug, CHE, CH-6302
Private Equity Holding AG offers institutional and private investors the opportunity to invest in a broadly diversified private equity portfolio within a simple legal and tax-optimized structure. The company's investment is managed by Alpha Associates. Their business model consists of Investing in Private Equity Fund, Acquisition of Fund interest on the Secondary markets, and direct co-investments. It has a presence in the United States of America, Europe, and the Rest of the World.

Private Equity Holding AG (XSWX:PEHN) Headlines

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