GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Galaxidi Fish Farming SA (LTS:0EL6) » Definitions » Sloan Ratio %

Galaxidi Fish Farming (LTS:0EL6) Sloan Ratio % : 0.00% (As of Dec. 2016)


View and export this data going back to . Start your Free Trial

What is Galaxidi Fish Farming 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.

Galaxidi Fish Farming's Sloan Ratio for the quarter that ended in Dec. 2016 was 0.00%.

As of Dec. 2016, Galaxidi Fish Farming has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Galaxidi Fish Farming Sloan Ratio % Historical Data

The historical data trend for Galaxidi Fish Farming'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.

* Premium members only.

Galaxidi Fish Farming Sloan Ratio % Chart

Galaxidi Fish Farming Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.05 0.16 -0.02 4.05 -3.45

Galaxidi Fish Farming Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Jun16 Dec16
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.83 3.97 4.00 3.23 -

Competitive Comparison of Galaxidi Fish Farming's Sloan Ratio %

For the Farm Products subindustry, Galaxidi Fish Farming'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.


Galaxidi Fish Farming's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Galaxidi Fish Farming's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Galaxidi Fish Farming's Sloan Ratio % falls into.



Galaxidi Fish Farming 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.

Galaxidi Fish Farming's Sloan Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2016 )-Cash Flow from Operations (A: Dec. 2016 )
-Cash Flow from Investing (A: Dec. 2016 ))/Total Assets (A: Dec. 2016 )
=(0.855-3.415
--0.826)/50.308
=-3.45%

Galaxidi Fish Farming's Sloan Ratio for the quarter that ended in Dec. 2016 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2016 )
=(0.714-2.031
--0.485)/50.308
=-1.65%

Galaxidi Fish Farming's Net Income for the trailing twelve months (TTM) ended in Dec. 2016 was 0.692 (Sep. 2015 ) + -0.087 (Dec. 2015 ) + 0.109 (Jun. 2016 ) + 0 (Dec. 2016 ) = £0.71 Mil.
Galaxidi Fish Farming's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2016 was 1.414 (Sep. 2015 ) + 0.064 (Dec. 2015 ) + 0.553 (Jun. 2016 ) + 0 (Dec. 2016 ) = £2.03 Mil.
Galaxidi Fish Farming's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2016 was -0.553 (Sep. 2015 ) + -0.205 (Dec. 2015 ) + 0.273 (Jun. 2016 ) + 0 (Dec. 2016 ) = £-0.49 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.


Galaxidi Fish Farming  (LTS:0EL6) 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 Dec. 2016, Galaxidi Fish Farming has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Galaxidi Fish Farming Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Galaxidi Fish Farming's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Galaxidi Fish Farming (LTS:0EL6) Business Description

Traded in Other Exchanges
N/A
Address
Galaxidi Sea Farm SA operates a fish farm. The Company produces sea bream and sea bass, Red Porgy and sells processed fish.

Galaxidi Fish Farming (LTS:0EL6) Headlines

No Headlines