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Harbourvest Global Private Equity (LSE:HVPE) Sloan Ratio % : 0.00% (As of Jan. 2023)


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What is Harbourvest Global Private Equity 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.

Harbourvest Global Private Equity's Sloan Ratio for the quarter that ended in Jan. 2023 was 0.00%.

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


Harbourvest Global Private Equity Sloan Ratio % Historical Data

The historical data trend for Harbourvest Global Private Equity'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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Harbourvest Global Private Equity Sloan Ratio % Chart

Harbourvest Global Private Equity Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Sloan Ratio %
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Harbourvest Global Private Equity Semi-Annual Data
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Competitive Comparison of Harbourvest Global Private Equity's Sloan Ratio %

For the Asset Management subindustry, Harbourvest Global Private Equity'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.


Harbourvest Global Private Equity's Sloan Ratio % Distribution in the Asset Management Industry

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

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



Harbourvest Global Private Equity 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.

Harbourvest Global Private Equity's Sloan Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Sloan Ratio=(Net Income (A: Jan. 2024 )-Cash Flow from Operations (A: Jan. 2024 )
-Cash Flow from Investing (A: Jan. 2024 ))/Total Assets (A: Jan. 2024 )
=(95.343--231.272
-0)/3307.833
=9.87%

Harbourvest Global Private Equity's Sloan Ratio for the quarter that ended in Jan. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jan. 2023 )
=(-55.115--55.523
-0)/3136.876
=0.01%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Harbourvest Global Private Equity's Net Income for the trailing twelve months (TTM) ended in Jan. 2023 was -89.67 (Jul. 2022 ) + 34.555 (Jan. 2023 ) = £-55.12 Mil.
Harbourvest Global Private Equity's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2023 was -9.751 (Jul. 2022 ) + -45.772 (Jan. 2023 ) = £-55.52 Mil.
Harbourvest Global Private Equity's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2023 was 0 (Jul. 2022 ) + 0 (Jan. 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.


Harbourvest Global Private Equity  (LSE:HVPE) 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 Jan. 2023, Harbourvest Global Private Equity has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Harbourvest Global Private Equity Sloan Ratio % Related Terms

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Harbourvest Global Private Equity (LSE:HVPE) Business Description

Traded in Other Exchanges
Address
Saint Julian’s Avenue, BNP Paribas House, Saint Peter Port, GGY, GY1 1WA
Harbourvest Global Private Equity Ltd is a closed-ended investment company. Its investment objective is to generate superior shareholder returns through long-term capital appreciation by investing in a diversified portfolio of private equity investments as well as private market assets other than private equity where it identifies attractive opportunities. The company mainly invests in investment funds managed by HarbourVest Partners, LLC who make investments alongside third-party-managed investment funds. Its revenue comprises of investment income including interest from cash and equivalents and dividends. The company has a presence in the United States, Europe, Asia Pacific, and Rest of World.

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