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.
Sligro Food Group NV's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.
As of Dec. 2023, Sligro Food Group NV has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Sligro Food Group NV Sloan Ratio % Historical Data
The historical data trend for Sligro Food Group NV'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 Sligro Food Group NV's Sloan Ratio %
For the Food Distribution subindustry, Sligro Food Group NV'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.
Sligro Food Group NV's Sloan Ratio % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Sligro Food Group NV's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sligro Food Group NV's Sloan Ratio % falls into.
Sligro Food Group NV 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.
Sligro Food Group NV'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.
Sligro Food Group NV's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 1 (Jun. 2023 ) + 5 (Dec. 2023 ) = €6 Mil.
Sligro Food Group NV's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 76 (Jun. 2023 ) + 0 (Dec. 2023 ) = €76 Mil.
Sligro Food Group NV's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -81 (Jun. 2023 ) + -38 (Dec. 2023 ) = €-119 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.
Sligro Food Group NV (STU:8SF) 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, Sligro Food Group NV has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Sligro Food Group NV Sloan Ratio % Related Terms
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Sligro Food Group NV (STU:8SF) Business Description
Sligro Food Group NV is a Netherlands-based company that is principally engaged in distributing food and beverages. The company provides a combination of food and food-related non-food products and services. It owns a food retail business, which operates through EMTE supermarkets, and a food service business, which operates through a network of cash-and-carry and delivery service outlets that service institutional customers, the hospitality industry, catering companies and other large-volume users in the Netherlands and Belgium The company also owns production facilities for some specialist products. It generates revenue from the food service business and geographically in Netherlands.
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