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.
BPER Banca SpA's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.
As of Mar. 2024, BPER Banca SpA has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
BPER Banca SpA Sloan Ratio % Historical Data
The historical data trend for BPER Banca SpA'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 BPER Banca SpA's Sloan Ratio %
For the Banks - Regional subindustry, BPER Banca SpA'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.
BPER Banca SpA's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, BPER Banca SpA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where BPER Banca SpA's Sloan Ratio % falls into.
BPER Banca SpA 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.
BPER Banca SpA's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
BPER Banca SpA's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 413.876 (Jun. 2023 ) + 382.519 (Sep. 2023 ) + 432.426 (Dec. 2023 ) + 457.276 (Mar. 2024 ) = €1,686 Mil.
BPER Banca SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = €0 Mil.
BPER Banca SpA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = €0 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.
BPER Banca SpA (MIL:BPE) 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 Mar. 2024, BPER Banca SpA has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
BPER Banca SpA Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of BPER Banca SpA's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
BPER Banca SpA is a banking group consisting of four Italian regional commercial banks that merged on the initiative of BPER Banca. The banks are involved in a number of market segments, including retail banking, corporate and investment banking, and wealth management and insurance. In addition to the banks, the Group includes product companies, including asset management, personal loans, leasing, and factoring operations, and special purpose vehicles. Its strategy emphasizes customer service and cooperative banking. BPER group's customer base overwhelming derives from retail banking, mostly from individuals with some business deposits. Its loan base, however, is principally the group's corporate customers.
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