First International Bank of Israel (XTAE:FIBI) Sloan Ratio % : 2.01% (As of Mar. 2024)

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What is First International Bank of Israel 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.

First International Bank of Israel's Sloan Ratio for the quarter that ended in Mar. 2024 was 2.01%.

As of Mar. 2024, First International Bank of Israel has a Sloan Ratio of 2.01%, indicating the company is in the safe zone and there is no funny business with accruals.

First International Bank of Israel Sloan Ratio % Historical Data

The historical data trend for First International Bank of Israel'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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First International Bank of Israel Sloan Ratio % Chart

First International Bank of Israel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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2.68

4.05

7.41

6.45

4.32

First International Bank of Israel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															6.70	4.65	3.34	4.32	2.01

Competitive Comparison of First International Bank of Israel's Sloan Ratio %

For the Banks - Regional subindustry, First International Bank of Israel'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.

First International Bank of Israel's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First International Bank of Israel's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where First International Bank of Israel's Sloan Ratio % falls into.

First International Bank of Israel 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.

First International Bank of Israel's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(2172	-	1331
	-	-8730)	/	221593
	=	4.32%

First International Bank of Israel's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(2110	-	-174
	-	-2266)	/	225941
	=	2.01%

First International Bank of Israel's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 587 (Jun. 2023 ) + 455 (Sep. 2023 ) + 499 (Dec. 2023 ) + 569 (Mar. 2024 ) = ₪2,110 Mil.
First International Bank of Israel's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 804 (Jun. 2023 ) + 750 (Sep. 2023 ) + -1153 (Dec. 2023 ) + -575 (Mar. 2024 ) = ₪-174 Mil.
First International Bank of Israel's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1878 (Jun. 2023 ) + 530 (Sep. 2023 ) + -2725 (Dec. 2023 ) + 1807 (Mar. 2024 ) = ₪-2,266 Mil.

First International Bank of Israel (XTAE:FIBI) 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 Mar. 2024, First International Bank of Israel has a Sloan Ratio of 2.01%, indicating the company is in the safe zone and there is no funny business with accruals.

First International Bank of Israel Sloan Ratio % Related Terms

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First International Bank of Israel (XTAE:FIBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First International Bank of Israel Ltd (XTAE:FIBI) » Definitions » Sloan Ratio %

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Address

42, Rothschild Boulevard, Tel Aviv, ISR, 6688310

Website

https://www.fibi.co.il

First International Bank of Israel Ltd is an Israel-based bank that primarily operates through six segments. The Corporate Banking segment focuses on providing financial services to large corporations in Israel. The Private Banking segment provides banking services to high-net-worth Israeli and foreign resident customers. The Commercial Banking segment serves middle-sized business clients. The Household segment provides relatively low cash volume services to private customers. The Small Business segment primarily serves small businesses. The Financial Management segment carries out asset and liability management activities and others. The company generates almost all of its interest and noninterest income from the Israeli domestic market.

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