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.
Gabriel Holding A/S's Sloan Ratio for the quarter that ended in Mar. 2024 was -3.52%.
As of Mar. 2024, Gabriel Holding A/S has a Sloan Ratio of -3.52%, indicating the company is in the safe zone and there is no funny business with accruals.
Gabriel Holding A/S Sloan Ratio % Historical Data
The historical data trend for Gabriel Holding A/S'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.
Competitive Comparison of Gabriel Holding A/S's Sloan Ratio %
For the Textile Manufacturing subindustry, Gabriel Holding A/S'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.
Gabriel Holding A/S's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gabriel Holding A/S's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Gabriel Holding A/S's Sloan Ratio % falls into.
Gabriel Holding A/S 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.
Gabriel Holding A/S's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as
Gabriel Holding A/S's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -5.55 (Jun. 2023 ) + -7.728 (Sep. 2023 ) + -4.152 (Dec. 2023 ) + 4.496 (Mar. 2024 ) = kr-12.9 Mil.
Gabriel Holding A/S's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 18.421 (Jun. 2023 ) + 11.399 (Sep. 2023 ) + 26.598 (Dec. 2023 ) + -8.883 (Mar. 2024 ) = kr47.5 Mil.
Gabriel Holding A/S's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -10.535 (Jun. 2023 ) + -8.536 (Sep. 2023 ) + -7.289 (Dec. 2023 ) + -5.288 (Mar. 2024 ) = kr-31.6 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.
Gabriel Holding A/S (CHIX:GABRc) 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, Gabriel Holding A/S has a Sloan Ratio of -3.52%, indicating the company is in the safe zone and there is no funny business with accruals.
Gabriel Holding A/S Sloan Ratio % Related Terms
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Gabriel Holding A/S (CHIX:GABRC) Business Description
Gabriel Holding A/S is a Denmark-based company that manufactures and sells furniture fabrics of pure wool and microfibers, upholstery fabrics, components, upholstered Surfaces and related products and services. It focuses on business areas that are Fabrics, FurnMaster, SampleMaster and others. Fabrics develop a wide range of furniture products; FurnMaster offers logistics solutions, cutting, sewing and assembly of furniture screens; and SampleMaster designs and produces boxes, hangers, catalogs, colour cards and other kind of promotional presentation materials. It provides a full palette of solutions and services for the international furniture industry, including fabrics, furniture and components, customised sample solutions, acoustic comfort, and knitting and embellishment services.
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