What is Banca Popolare di Sondrio SpA 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, Banca Popolare di Sondrio SpA has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Banca Popolare di Sondrio SpA 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 Banca Popolare di Sondrio SpA's Sloan Ratio %
For the Banks - Regional subindustry, Banca Popolare di Sondrio SpA'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.
Banca Popolare di Sondrio SpA's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Banca Popolare di Sondrio SpA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Banca Popolare di Sondrio SpA's Sloan Ratio % falls into.
Banca Popolare di Sondrio SpA 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.
Banca Popolare di Sondrio SpA's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 112.679 (Jun. 2023 ) + 141.503 (Sep. 2023 ) + 112.6 (Dec. 2023 ) + 145.228 (Mar. 2024 ) = €512 Mil.
Banca Popolare di Sondrio SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = €0 Mil.
Banca Popolare di Sondrio SpA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = €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.
Banca Popolare di Sondrio SpA (MIL:BPSO) 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, Banca Popolare di Sondrio SpA has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Banca Popolare di Sondrio SpA Sloan Ratio % Related Terms
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Banca Popolare di Sondrio SpA (MIL:BPSO) Business Description
Banca Popolare di Sondrio SpA is a full-service cooperative bank operating primarily in Northern Italy but also in Central Italy and Switzerland. The bank's overall strategy is geared toward sustaining local economies, particularly small- and medium-sized businesses and households. most of the bank's business is generated through business banking, followed by individual banking activities. The bank generates most of its net revenue through net interest income, followed by net fees and commissions and net trading income. A majority of the bank's earning assets are mortgage loans. The bank's lending strategy revolves around a low propensity for risk and an emphasis on diversification.
Banca Popolare di Sondrio SpA (MIL:BPSO) Headlines
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