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 Jun. 2023, Sberbank of Russia PJSC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Sberbank of Russia PJSC 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 Sberbank of Russia PJSC's Sloan Ratio %
For the Banks - Regional subindustry, Sberbank of Russia PJSC'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.
Sberbank of Russia PJSC's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Sberbank of Russia PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sberbank of Russia PJSC's Sloan Ratio % falls into.
Sberbank of Russia PJSC 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.
Sberbank of Russia PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Sberbank of Russia PJSC's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 270600 (Dec. 2021 ) + 0 (Dec. 2022 ) + 350205.183 (Mar. 2023 ) + 377614.75 (Jun. 2023 ) = ₽998,420 Mil.
Sberbank of Russia PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 0 (Dec. 2021 ) + 0 (Dec. 2022 ) + 0 (Mar. 2023 ) + 0 (Jun. 2023 ) = ₽0 Mil.
Sberbank of Russia PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was 0 (Dec. 2021 ) + 0 (Dec. 2022 ) + 0 (Mar. 2023 ) + 0 (Jun. 2023 ) = ₽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.
Sberbank of Russia PJSC (MIC:SBER) 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 Jun. 2023, Sberbank of Russia PJSC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Sberbank of Russia PJSC Sloan Ratio % Related Terms
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Sberbank of Russia PJSC (MIC:SBER) Business Description
Sberbank of Russia PJSC is a full-service bank operating primarily in Russia, but with significant exposure to Central and Eastern European countries. The bank has grown into a universal bank through acquisitions since its historical savings bank origins. Sberbank's principal shareholder is the Central Bank of the Russian Federation, which owns just over half of the bank's outstanding shares. The bank's activities are organized by three main priorities: corporate banking, retail banking, and investment banking. Corporate loans constitute the bulk of the bank's earning assets, mostly to corporations with the largest market capitalizations. The bank's development strategy emphasizes customer service, cost management, and technological modernization.
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