What is Chemtrade Logisticsome Fund 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 Dec. 2023, Chemtrade Logisticsome Fund has a Sloan Ratio of -1.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Chemtrade Logisticsome Fund 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 Chemtrade Logisticsome Fund's Sloan Ratio %
For the Chemicals subindustry, Chemtrade Logisticsome Fund'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.
Chemtrade Logisticsome Fund's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Chemtrade Logisticsome Fund's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Chemtrade Logisticsome Fund's Sloan Ratio % falls into.
Chemtrade Logisticsome Fund 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.
Chemtrade Logisticsome Fund's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 58.125 (Mar. 2023 ) + 65.727 (Jun. 2023 ) + 52.312 (Sep. 2023 ) + 8.704 (Dec. 2023 ) = $185 Mil.
Chemtrade Logisticsome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 39.737 (Mar. 2023 ) + 89.807 (Jun. 2023 ) + 95.459 (Sep. 2023 ) + 73.5 (Dec. 2023 ) = $299 Mil.
Chemtrade Logisticsome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -20.392 (Mar. 2023 ) + -25.263 (Jun. 2023 ) + -27.736 (Sep. 2023 ) + -14.504 (Dec. 2023 ) = $-88 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.
Chemtrade Logisticsome Fund (OTCPK:CGIFF) 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, Chemtrade Logisticsome Fund has a Sloan Ratio of -1.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Chemtrade Logisticsome Fund Sloan Ratio % Related Terms
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Chemtrade Logisticsome Fund (Chemtrade Logisticsome Fund) Business Description
Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company is organized into four main operating segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), Electrochemicals, and Corporate. SPPC markets, remove, and produces merchant, regenerated, and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services. WSSC manufactures and markets inorganic coagulants used in water treatment, which includes aluminium sulphate, aluminium chlorodryhate, polyaluminium chloride, sodium nitrate, potassium chloride, and other specialty chemicals. Its geographical segments are Canada, the United States, and South America.
Chemtrade Logisticsome Fund (Chemtrade Logisticsome Fund) Headlines
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