DoubleLine Yield Opportunities Fund (DoubleLine Yield Opportunities Fund) Sloan Ratio % : 0.00% (As of Sep. 2023)

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What is DoubleLine Yield Opportunities Fund 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.

DoubleLine Yield Opportunities Fund's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

As of Sep. 2023, DoubleLine Yield Opportunities Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

DoubleLine Yield Opportunities Fund Sloan Ratio % Historical Data

The historical data trend for DoubleLine Yield Opportunities Fund'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.

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DoubleLine Yield Opportunities Fund Sloan Ratio % Chart

DoubleLine Yield Opportunities Fund Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sloan Ratio %

DoubleLine Yield Opportunities Fund Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of DoubleLine Yield Opportunities Fund's Sloan Ratio %

For the Asset Management subindustry, DoubleLine Yield Opportunities Fund'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.

DoubleLine Yield Opportunities Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, DoubleLine Yield Opportunities Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where DoubleLine Yield Opportunities Fund's Sloan Ratio % falls into.

DoubleLine Yield Opportunities Fund 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.

DoubleLine Yield Opportunities Fund's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Sep. 2023 )	-	Cash Flow from Operations (A: Sep. 2023 )
	-	Cash Flow from Investing (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2023 )
	=	(60.213	-	109.316
	-	0)	/	914.151
	=	-5.37%

DoubleLine Yield Opportunities Fund's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(60.213	-	109.316
	-	0)	/	914.151
	=	-5.37%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. DoubleLine Yield Opportunities Fund's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 26.845 (Mar. 2023 ) + 33.368 (Sep. 2023 ) = $60.21 Mil.
DoubleLine Yield Opportunities Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 73.706 (Mar. 2023 ) + 35.61 (Sep. 2023 ) = $109.32 Mil.
DoubleLine Yield Opportunities Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Mar. 2023 ) + 0 (Sep. 2023 ) = $0.00 Mil.

DoubleLine Yield Opportunities Fund (NYSE:DLY) 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 Sep. 2023, DoubleLine Yield Opportunities Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

DoubleLine Yield Opportunities Fund Sloan Ratio % Related Terms

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DoubleLine Yield Opportunities Fund (DoubleLine Yield Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DoubleLine Yield Opportunities Fund (NYSE:DLY) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2002 North Tampa Street, Suite 200, Tampa, FL, USA, 33602

Website

https://www.doublelinefunds.com

DoubleLine Yield Opportunities Fund is organized as a non-diversified, limited-term, closed-end management investment company. The Fund's investment objective is to seek a high level of total return, with an emphasis on current income.

Executives

Lisa Chen	officer: AML Compliance Officer	C/O DOUBLELINE FUNDS, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
John C. Salter	other: Trustee	C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Jose Sarmenta	officer: AML Officer	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Joan Elam	officer: Dir of HR for DLY's Inv Adv	C/O DOUBLELINE CAPITAL, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Robert Herron	officer: Vice President	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Raymond Woolson	other: Trustee	333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Jeffrey E Gundlach	officer: See Remarks	333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
David James Kennedy	officer: Vice President	333 SOUTH GRAND AVE 18TH FLOOR, LOS ANGELES CA 90071
Patrick Aaron Townzen	officer: Vice President	333 SOUTH GRAND AVE 18TH FLOOR, LOS ANGELES CA 90071
Every Barbara Van	officer: See Remarks	333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Casey Moore	officer: See Remarks	333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Ana Cris Santa	officer: Vice President and Secretary	333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Earl A. Lariscy	officer: Vice President	333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Henry V Chase	officer: See Remarks	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Joseph J. Ciprari	other: Trustee	333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071