Spectrum Group International (Spectrum Group International) Sloan Ratio % : 16.33% (As of Dec. 2013)

Spectrum Group International Sloan Ratio % Chart

Spectrum Group International Annual Data
	Trend	Jun02	Jun03	Jun04	Jun05	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Sloan Ratio %		Get a 7-Day Free Trial					4.18	-6.48	23.38	-6.25	2.51

Spectrum Group International Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Sloan Ratio %	Get a 7-Day Free Trial															-15.06	-34.81	2.51	0.40	16.33

Competitive Comparison of Spectrum Group International's Sloan Ratio %

For the Specialty Retail subindustry, Spectrum Group International'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.

Spectrum Group International's Sloan Ratio % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Spectrum Group International's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Spectrum Group International's Sloan Ratio % falls into.

Spectrum Group International 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.

Spectrum Group International's Sloan Ratio for the fiscal year that ended in Jun. 2013 is calculated as

Spectrum Group International's Sloan Ratio for the quarter that ended in Dec. 2013 is calculated as

Spectrum Group International's Net Income for the trailing twelve months (TTM) ended in Dec. 2013 was 0.752 (Mar. 2013 ) + 3.979 (Jun. 2013 ) + 0.956 (Sep. 2013 ) + -4.402 (Dec. 2013 ) = $1 Mil.
Spectrum Group International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was -0.38 (Mar. 2013 ) + -48.233 (Jun. 2013 ) + 15.087 (Sep. 2013 ) + -17.675 (Dec. 2013 ) = $-51 Mil.
Spectrum Group International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2013 was 3.58 (Mar. 2013 ) + -6.976 (Jun. 2013 ) + -0.861 (Sep. 2013 ) + -0.203 (Dec. 2013 ) = $-4 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.

Spectrum Group International  (OTCPK:SPGZ) 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. 2013, Spectrum Group International has a Sloan Ratio of 16.33%, indicating there is a warning stage of accrual build up.

Spectrum Group International Sloan Ratio % Related Terms

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Spectrum Group International (Spectrum Group International) Business Description