What is Turkiye Vakiflar Bankasi TAO 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.
As of Mar. 2024, Turkiye Vakiflar Bankasi TAO has a Sloan Ratio of -1.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Turkiye Vakiflar Bankasi TAO Sloan Ratio % Historical Data
* 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 Turkiye Vakiflar Bankasi TAO's Sloan Ratio %
For the Banks - Regional subindustry, Turkiye Vakiflar Bankasi TAO'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.
Turkiye Vakiflar Bankasi TAO's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Turkiye Vakiflar Bankasi TAO's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Turkiye Vakiflar Bankasi TAO's Sloan Ratio % falls into.
Turkiye Vakiflar Bankasi TAO 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.
Turkiye Vakiflar Bankasi TAO's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 107.601 (Jun. 2023 ) + 385.107 (Sep. 2023 ) + 459.763 (Dec. 2023 ) + 411.482 (Mar. 2024 ) = $1,364 Mil.
Turkiye Vakiflar Bankasi TAO's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 1150.553 (Jun. 2023 ) + 7252.175 (Sep. 2023 ) + 3457.765 (Dec. 2023 ) + -2334.575 (Mar. 2024 ) = $9,526 Mil.
Turkiye Vakiflar Bankasi TAO's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1606.152 (Jun. 2023 ) + -3711.37 (Sep. 2023 ) + -1047.663 (Dec. 2023 ) + -457.457 (Mar. 2024 ) = $-6,823 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.
Turkiye Vakiflar Bankasi TAO (OTCPK:TKYVY) 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, Turkiye Vakiflar Bankasi TAO has a Sloan Ratio of -1.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Turkiye Vakiflar Bankasi TAO Sloan Ratio % Related Terms
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Turkiye Vakiflar Bankasi TAO (Turkiye Vakiflar Bankasi TAO) Business Description
Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, as well as financial leasing and factoring, among other activities. Most of the bank's earning assets are commercial loans, but it also has a significant retail loan book and securities portfolio. The bank operates and has its credit exposed overwhelmingly in the Turkish market.
Turkiye Vakiflar Bankasi TAO (Turkiye Vakiflar Bankasi TAO) Headlines
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