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CNP Assurances (CNP Assurances) Sloan Ratio % : -1.10% (As of Dec. 2021)


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What is CNP Assurances 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.

CNP Assurances's Sloan Ratio for the quarter that ended in Dec. 2021 was -1.10%.

As of Dec. 2021, CNP Assurances has a Sloan Ratio of -1.10%, indicating the company is in the safe zone and there is no funny business with accruals.


CNP Assurances Sloan Ratio % Historical Data

The historical data trend for CNP Assurances'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.

* Premium members only.

CNP Assurances Sloan Ratio % Chart

CNP Assurances Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.10 0.47 0.05 0.21 -1.12

CNP Assurances Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 3.22 0.12 -0.63 -1.10

Competitive Comparison of CNP Assurances's Sloan Ratio %

For the Insurance - Life subindustry, CNP Assurances'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.


CNP Assurances's Sloan Ratio % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, CNP Assurances's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where CNP Assurances's Sloan Ratio % falls into.



CNP Assurances 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.

CNP Assurances's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(1753.672-10543.955
--2689.605)/545765.424
=-1.12%

CNP Assurances's Sloan Ratio for the quarter that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2021 )
=(1805.336-10681.697
--2889.238)/545765.424
=-1.10%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. CNP Assurances's Net Income for the trailing twelve months (TTM) ended in Dec. 2021 was 831.325 (Jun. 2021 ) + 974.011 (Dec. 2021 ) = $1,805 Mil.
CNP Assurances's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2021 was 2216.386 (Jun. 2021 ) + 8465.311 (Dec. 2021 ) = $10,682 Mil.
CNP Assurances's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2021 was -3212.289 (Jun. 2021 ) + 323.051 (Dec. 2021 ) = $-2,889 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.


CNP Assurances  (OTCPK:CNPAY) 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 Dec. 2021, CNP Assurances has a Sloan Ratio of -1.10%, indicating the company is in the safe zone and there is no funny business with accruals.


CNP Assurances Sloan Ratio % Related Terms

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CNP Assurances (CNP Assurances) Business Description

Traded in Other Exchanges
N/A
Address
4, place Raoul-Dautry, Paris, FRA, 75015
CNP Assurances is France's largest personal lines life insurer, holding significant distribution relationships with its four main partners.

CNP Assurances (CNP Assurances) Headlines

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