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.
* 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 Casino Guichard-Perrachon's Sloan Ratio %
For the Grocery Stores subindustry, Casino Guichard-Perrachon'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.
Casino Guichard-Perrachon's Sloan Ratio % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Casino Guichard-Perrachon's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Casino Guichard-Perrachon's Sloan Ratio % falls into.
Casino Guichard-Perrachon 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.
Casino Guichard-Perrachon's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Casino Guichard-Perrachon's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -2417.118 (Jun. 2023 ) + -3740.458 (Dec. 2023 ) = $-6,158 Mil.
Casino Guichard-Perrachon's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -1391.116 (Jun. 2023 ) + 681.57 (Dec. 2023 ) = $-710 Mil.
Casino Guichard-Perrachon's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -158.18 (Jun. 2023 ) + 3.272 (Dec. 2023 ) = $-155 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.
Casino Guichard-Perrachon (OTCPK:CGUSY) 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 Dec. 2023, Casino Guichard-Perrachon has a Sloan Ratio of -26.46%, indicating earnings are more likely to be made up of accruals.
Casino Guichard-Perrachon Sloan Ratio % Related Terms
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Casino Guichard-Perrachon (Casino Guichard-Perrachon) Business Description
Casino Guichard-Perrachon SA is a multiformat retailer with a focused exposure on France and Latin America. The Group's reportable segments are as follows: 1) France Retail segment comprising retail operating segments (mainly the Casino, Monoprix and Franprix sub-group banners); 2) GPA segment comprising the retail operations of GPA's food banners in Brazil; 3) Assaí segment comprising the retail operations of the Assaí food chain in Brazil; 4) Exito segment comprising the food retail operations of the Exito, Disco - Devoto and Libertad sub-group banners in Colombia, Uruguay and Argentina, respectively; 5) E-commerce segment comprising Cdiscount and the Cnova NV holding company.
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