What is Progressive Waste Solutions 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.
As of Mar. 2016, Progressive Waste Solutions has a Sloan Ratio of 1.97%, indicating the company is in the safe zone and there is no funny business with accruals.
Progressive Waste Solutions Sloan Ratio % Historical Data
* 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 Progressive Waste Solutions's Sloan Ratio %
For the Waste Management subindustry, Progressive Waste Solutions'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.
Progressive Waste Solutions's Sloan Ratio % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Progressive Waste Solutions's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Progressive Waste Solutions's Sloan Ratio % falls into.
Progressive Waste Solutions 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.
Progressive Waste Solutions's Net Income for the trailing twelve months (TTM) ended in Mar. 2016 was 37.13 (Jun. 2015 ) + 22.906 (Sep. 2015 ) + 45.719 (Dec. 2015 ) + -2.01 (Mar. 2016 ) = $104 Mil.
Progressive Waste Solutions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2016 was 86.058 (Jun. 2015 ) + 141.003 (Sep. 2015 ) + 99.779 (Dec. 2015 ) + 73.073 (Mar. 2016 ) = $400 Mil.
Progressive Waste Solutions's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2016 was -75.04 (Jun. 2015 ) + -67.253 (Sep. 2015 ) + -154.887 (Dec. 2015 ) + -64.281 (Mar. 2016 ) = $-361 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.
Progressive Waste Solutions (NYSE:BIN) 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. 2016, Progressive Waste Solutions has a Sloan Ratio of 1.97%, indicating the company is in the safe zone and there is no funny business with accruals.
Progressive Waste Solutions Sloan Ratio % Related Terms
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Progressive Waste Solutions (Progressive Waste Solutions) Business Description
Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.
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