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CDI (CDI) Sloan Ratio % : -20.62% (As of Jun. 2017)


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What is CDI 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.

CDI's Sloan Ratio for the quarter that ended in Jun. 2017 was -20.62%.

As of Jun. 2017, CDI has a Sloan Ratio of -20.62%, indicating there is a warning stage of accrual build up.


CDI Sloan Ratio % Historical Data

The historical data trend for CDI'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.

CDI Sloan Ratio % Chart

CDI 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 -2.84 1.03 -0.81 -3.78 -14.26

CDI Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 -1.00 -9.20 -14.26 -12.69 -20.62

Competitive Comparison of CDI's Sloan Ratio %

For the Staffing & Employment Services subindustry, CDI'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.


CDI's Sloan Ratio % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CDI's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where CDI's Sloan Ratio % falls into.



CDI 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.

CDI'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 )
=(-31.573-13.493
--3.805)/289.292
=-14.26%

CDI's Sloan Ratio for the quarter that ended in Jun. 2017 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2017 )
=(-34-24.901
-1.36)/292.185
=-20.62%

CDI's Net Income for the trailing twelve months (TTM) ended in Jun. 2017 was -17.818 (Sep. 2016 ) + -1.454 (Dec. 2016 ) + -6.837 (Mar. 2017 ) + -7.891 (Jun. 2017 ) = $-34.0 Mil.
CDI's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2017 was 14.237 (Sep. 2016 ) + 6.998 (Dec. 2016 ) + -7.875 (Mar. 2017 ) + 11.541 (Jun. 2017 ) = $24.9 Mil.
CDI's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2017 was 3.325 (Sep. 2016 ) + -0.674 (Dec. 2016 ) + -0.544 (Mar. 2017 ) + -0.747 (Jun. 2017 ) = $1.4 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.


CDI  (NYSE:CDI) 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 Jun. 2017, CDI has a Sloan Ratio of -20.62%, indicating there is a warning stage of accrual build up.


CDI Sloan Ratio % Related Terms

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CDI (CDI) Business Description

Traded in Other Exchanges
N/A
Address
CDI Corp. is a staffing firm that provides temporary and permanent workers mainly in the engineering, IT servicing, and construction markets. At the end of 2007 approximately 20% of the firm's revenue was derived from the U.K. construction market and had 1,400 worldwide employees with 11,000 temporary workers on assignment. Based in Philadelphia, Pa., CDI traces its roots back to 1950.
Executives
Lawrence C Karlson director C/O CDI CORP., 1717 ARCH ST 35TH FLOOR, PHILADELPHIA PA 19103-2768
Albert E Smith director
Scott J Freidheim director, officer: President and CEO 1717 ARCH STREET, 35TH FLOOR, PHILADELPHIA PA 19103
Paulett Eberhart other: Former Director and CEO C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Roger H Ballou director, officer: President and CEO C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103
Papadakis Constantine director 75 CRESTLINE RD, WAYNE NJ 19087
John Iii Fanelli officer: VP-Controller, CDI Corporation C/O CDI CORP., 1717 ARCH ST., 35TH FLOOR, PHILADELPHIA PA 19103
Gregory L Cowan officer: Former Sr. VP & CAO 1717 ARCH STREET, 35TH FLOOR, PHILADELPHIA PA 19103
Alan B Miller director 367 SOUTH GULPH ROAD, KING OF PRUSSIA PA 19406

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