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XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Sloan Ratio % : 0.00% (As of Sep. 2023)


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What is XAI Octagon Floating Rate & Alternativeome Trust 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.

XAI Octagon Floating Rate & Alternativeome Trust's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

As of Sep. 2023, XAI Octagon Floating Rate & Alternativeome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


XAI Octagon Floating Rate & Alternativeome Trust Sloan Ratio % Historical Data

The historical data trend for XAI Octagon Floating Rate & Alternativeome Trust'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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XAI Octagon Floating Rate & Alternativeome Trust Sloan Ratio % Chart

XAI Octagon Floating Rate & Alternativeome Trust Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Sloan Ratio %
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XAI Octagon Floating Rate & Alternativeome Trust Semi-Annual Data
Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Competitive Comparison of XAI Octagon Floating Rate & Alternativeome Trust's Sloan Ratio %

For the Asset Management subindustry, XAI Octagon Floating Rate & Alternativeome Trust'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.


XAI Octagon Floating Rate & Alternativeome Trust's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, XAI Octagon Floating Rate & Alternativeome Trust's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where XAI Octagon Floating Rate & Alternativeome Trust's Sloan Ratio % falls into.



XAI Octagon Floating Rate & Alternativeome Trust 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.

XAI Octagon Floating Rate & Alternativeome Trust'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 )
=(46.627--71.177
-0)/543.096
=21.69%

XAI Octagon Floating Rate & Alternativeome Trust'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 )
=(46.627--71.177
-0)/543.096
=21.69%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. XAI Octagon Floating Rate & Alternativeome Trust's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 13.153 (Mar. 2023 ) + 33.474 (Sep. 2023 ) = $46.63 Mil.
XAI Octagon Floating Rate & Alternativeome Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 5.701 (Mar. 2023 ) + -76.878 (Sep. 2023 ) = $-71.18 Mil.
XAI Octagon Floating Rate & Alternativeome Trust'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.

* 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.


XAI Octagon Floating Rate & Alternativeome Trust  (NYSE:XFLT) 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, XAI Octagon Floating Rate & Alternativeome Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


XAI Octagon Floating Rate & Alternativeome Trust Sloan Ratio % Related Terms

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XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Business Description

Traded in Other Exchanges
N/A
Address
321 North Clark Street, Suite 2430, Chicago, IL, USA, 60654
XAI Octagon FR & Alt Income Term Trust is a diversified, closed-end management investment company. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
Executives
Theodore J Brombach officer: President & CEO, other: Interested Trustee 321 N. CLARK STREET, CHICAGO IL 60054
John Yogi Spence officer: CFO & Treasurer 321 N. CLARK STREET, CHICAGO IL 60054
Randi Jean Roessler officer: Chief Compliance Officer C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Benjamin Mcculloch officer: Secretary & CLO 321 NORTH CLARK STREET, SUITE 2430, CHICAGO IL 60654
John P Mcgarrity officer: Chief Legal & Secretary 321 N. CLARK STREET, CHICAGO IL 60054
Eagle Point Credit Management Llc 10 percent owner 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Ep Dif Cayman I Lp 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Core Income Fund Lp 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Cif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Dif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Sean Michael Gleason other: Sub-Adviser Inv Comm Member 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Philip G Franklin other: Trustee C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Andrew David Gordon other: Sub-Adviser Inv Comm Member 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Scott C Jones other: Trustee C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Maegan Gallagher Boger other: Sub-Adviser Inv Comm Member 250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177

XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Headlines

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