Detail
for Portfolios Formed on Accruals
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| Monthly Returns: |
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July 1963 - September 2024 |
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| Annual Returns: |
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1964 - 2023 |
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| Portfolios: |
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Accrual
quintiles; deciles. |
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| Construction: |
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The portfolios are formed on Accruals (AC) at the end of each June using
NYSE breakpoints. AC for June of year t is the change in operating working capital per
split-adjusted share from the fiscal yearend t-2 to t-1 divided by book equity per share in t-1. |
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| Stocks: |
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All NYSE, AMEX, and NASDAQ stocks for which we have market equity data for June of t,
(positive) book equity data for t-1, and non-missing operating working capital data for t-2 and t-1. |
