What is Citizens Financial Services 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, Citizens Financial Services has a Sloan Ratio of -3.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Citizens Financial Services 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 Citizens Financial Services's Sloan Ratio %
For the Banks - Regional subindustry, Citizens Financial Services'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.
Citizens Financial Services's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Citizens Financial Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Citizens Financial Services's Sloan Ratio % falls into.
Citizens Financial Services 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.
Citizens Financial Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -4.144 (Jun. 2023 ) + 7.548 (Sep. 2023 ) + 7.54 (Dec. 2023 ) + 7.024 (Mar. 2024 ) = $17.97 Mil.
Citizens Financial Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -7.507 (Jun. 2023 ) + 7.428 (Sep. 2023 ) + 16.208 (Dec. 2023 ) + 13.456 (Mar. 2024 ) = $29.59 Mil.
Citizens Financial Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 123.469 (Jun. 2023 ) + -72.91 (Sep. 2023 ) + 3.683 (Dec. 2023 ) + 23.111 (Mar. 2024 ) = $77.35 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.
Citizens Financial Services (NAS:CZFS) 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, Citizens Financial Services has a Sloan Ratio of -3.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Citizens Financial Services Sloan Ratio % Related Terms
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Citizens Financial Services (Citizens Financial Services) Business Description
Citizens Financial Services Inc is a Pennsylvania-chartered bank and trust company. The company through its banking subsidiary provides banking activities and services for individual, business, governmental and institutional customers. Its activities and services principally include checking, savings, and time deposit accounts; residential, commercial and agricultural real estate, commercial and industrial, state and political subdivision and consumer loans; and a variety of other specialized financial services. The Trust and Investment division of the Bank offers a full range of client investment, estate, mineral management and retirement services.
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