What is Endurance Specialty Holdings 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. 2017, Endurance Specialty Holdings has a Sloan Ratio of -1.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Endurance Specialty Holdings 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 Endurance Specialty Holdings's Sloan Ratio %
For the Insurance - Property & Casualty subindustry, Endurance Specialty Holdings'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.
Endurance Specialty Holdings's Sloan Ratio % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Endurance Specialty Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Endurance Specialty Holdings's Sloan Ratio % falls into.
Endurance Specialty Holdings 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.
Endurance Specialty Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2017 was 83.914 (Jun. 2016 ) + 133.721 (Sep. 2016 ) + 23.801 (Dec. 2016 ) + 19.428 (Mar. 2017 ) = $260.86 Mil.
Endurance Specialty Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2017 was 64.901 (Jun. 2016 ) + 24.87 (Sep. 2016 ) + 356.105 (Dec. 2016 ) + -143.3 (Mar. 2017 ) = $302.58 Mil.
Endurance Specialty Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2017 was 77.318 (Jun. 2016 ) + 124.172 (Sep. 2016 ) + -351.53 (Dec. 2016 ) + 265.206 (Mar. 2017 ) = $115.17 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.
Endurance Specialty Holdings (NYSE:ENHPRACL.PFD) 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. 2017, Endurance Specialty Holdings has a Sloan Ratio of -1.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Endurance Specialty Holdings Sloan Ratio % Related Terms
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Endurance Specialty Holdings (Endurance Specialty Holdings) Business Description
Endurance Specialty Holdings is a property and casualty insurance holding company that underwrites its products on a global basis. Operations are organized into two business segments: insurance and reinsurance. Endurance generates the vast majority of its revenue from the insurance segment, where most of its revenue is derived from its agriculture insurance line. The reinsurance segment derives most of its revenue through its catastrophe insurance line. The company's key strategies include an emphasis on profitability, deep client relationships, risk management, and proactively managing its capital base.
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