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.
Stuart Olson's Sloan Ratio for the quarter that ended in Jun. 2020 was -44.85%.
Warning Sign:
When Sloan Ratio (-32.75)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2020, Stuart Olson has a Sloan Ratio of -44.85%, indicating earnings are more likely to be made up of accruals.
Stuart Olson Sloan Ratio % Historical Data
The historical data trend for Stuart Olson'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 Stuart Olson's Sloan Ratio %
For the Engineering & Construction subindustry, Stuart Olson'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.
Stuart Olson's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Stuart Olson's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Stuart Olson's Sloan Ratio % falls into.
Stuart Olson 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.
Stuart Olson's Sloan Ratio for the fiscal year that ended in Dec. 2019 is calculated as
Stuart Olson's Net Income for the trailing twelve months (TTM) ended in Jun. 2020 was -1.538 (Sep. 2019 ) + -118.689 (Dec. 2019 ) + -3.898 (Mar. 2020 ) + -29.579 (Jun. 2020 ) = $-153.7 Mil.
Stuart Olson's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2020 was -5.597 (Sep. 2019 ) + 11.779 (Dec. 2019 ) + -6.572 (Mar. 2020 ) + -11.269 (Jun. 2020 ) = $-11.7 Mil.
Stuart Olson's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2020 was -1.132 (Sep. 2019 ) + -0.592 (Dec. 2019 ) + -0.968 (Mar. 2020 ) + -0.522 (Jun. 2020 ) = $-3.2 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.
Stuart Olson (OTCPK:CUUHF) 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 Jun. 2020, Stuart Olson has a Sloan Ratio of -44.85%, indicating earnings are more likely to be made up of accruals.
Stuart Olson Sloan Ratio % Related Terms
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Stuart Olson Inc is a Canada-based company. It operates in business segments that are Industrial Group, which offers services to clients in a wide range of industrial sectors including oil and gas, petrochemical, refining, water and waste water, mining, pulp and paper and power generation; Buildings Group, which includes construction, expansion and renovation of buildings for private and public sector clients in the commercial, light industrial and institutional sectors; Commercial System Group, which designs, builds and installs a building's core electrical infrastructure; and Corporate Group, which provides strategic direction, operating advice, financing, infrastructure services, and others. The Buildings Group segment generates maximum revenue for the company.
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