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.
Bank of Ireland Group's Sloan Ratio for the quarter that ended in Dec. 2023 was 4.44%.
As of Dec. 2023, Bank of Ireland Group has a Sloan Ratio of 4.44%, indicating the company is in the safe zone and there is no funny business with accruals.
Bank of Ireland Group Sloan Ratio % Historical Data
The historical data trend for Bank of Ireland Group'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.
Competitive Comparison of Bank of Ireland Group's Sloan Ratio %
For the Banks - Regional subindustry, Bank of Ireland Group'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.
Bank of Ireland Group's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Bank of Ireland Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bank of Ireland Group's Sloan Ratio % falls into.
Bank of Ireland Group 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.
Bank of Ireland Group's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Bank of Ireland Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 919.827 (Jun. 2023 ) + 813.522 (Dec. 2023 ) = $1,733 Mil.
Bank of Ireland Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -4470.206 (Jun. 2023 ) + -290.076 (Dec. 2023 ) = $-4,760 Mil.
Bank of Ireland Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -811.484 (Jun. 2023 ) + -230.098 (Dec. 2023 ) = $-1,042 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.
Bank of Ireland Group (OTCPK:BKRIY) 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, Bank of Ireland Group has a Sloan Ratio of 4.44%, indicating the company is in the safe zone and there is no funny business with accruals.
Bank of Ireland Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Bank of Ireland Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bank of Ireland Group (Bank of Ireland Group) Business Description
Bank of Ireland Group PLC is an Irish financial services group operating mostly in Ireland and the United Kingdom. Services include mortgages, business, and corporate lending, term loans, leasing, foreign exchange, life assurance, and pension products, among others. The bank's trading divisions include Retail Ireland, Wealth and Insurance, Retail UK, Corporate and Treasury (C&T) and Group Centre. The bank generates the majority of its revenue from Retail Ireland serves consumer and business customers across a broad range of segments and sectors. Revenue is also derived from fees for a range of banking and transaction services. The bank has access to distribution in the United Kingdom via its relationship as a financial services partner with the nation's post office.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKRIY has been successfully added to your 