What is Calvin B. Taylor Bankshares 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, Calvin B. Taylor Bankshares has a Sloan Ratio of 1.35%, indicating the company is in the safe zone and there is no funny business with accruals.
Calvin B. Taylor Bankshares 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 Calvin B. Taylor Bankshares's Sloan Ratio %
For the Banks - Regional subindustry, Calvin B. Taylor Bankshares'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.
Calvin B. Taylor Bankshares's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Calvin B. Taylor Bankshares's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Calvin B. Taylor Bankshares's Sloan Ratio % falls into.
Calvin B. Taylor Bankshares 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.
Calvin B. Taylor Bankshares's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 3.286 (Jun. 2023 ) + 4.133 (Sep. 2023 ) + 2.738 (Dec. 2023 ) + 2.97 (Mar. 2024 ) = $13.13 Mil.
Calvin B. Taylor Bankshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 2.138 (Jun. 2023 ) + 3.944 (Sep. 2023 ) + 3.326 (Dec. 2023 ) + 3.985 (Mar. 2024 ) = $13.39 Mil.
Calvin B. Taylor Bankshares's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1.05 (Jun. 2023 ) + -0.587 (Sep. 2023 ) + -5.625 (Dec. 2023 ) + -4.676 (Mar. 2024 ) = $-11.94 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.
Calvin B. Taylor Bankshares (OTCPK:TYCB) 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, Calvin B. Taylor Bankshares has a Sloan Ratio of 1.35%, indicating the company is in the safe zone and there is no funny business with accruals.
Calvin B. Taylor Bankshares Sloan Ratio % Related Terms
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Calvin B. Taylor Bankshares (Calvin B. Taylor Bankshares) Business Description
Calvin B. Taylor Bankshares Inc is a part of the financial service domain. As a holding company for Calvin B. Taylor Banking Company, it offers a wide range of loan, deposit and ancillary banking services through both physical and digital delivery channels to corporate and individual clients. The company's banking operations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia. The Bank also operates a Loan Production Office in Onley, Virginia.
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