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Elbit Systems (Elbit Systems) Sloan Ratio % : 3.20% (As of Dec. 2023)


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What is Elbit Systems 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.

Elbit Systems's Sloan Ratio for the quarter that ended in Dec. 2023 was 3.20%.

As of Dec. 2023, Elbit Systems has a Sloan Ratio of 3.20%, indicating the company is in the safe zone and there is no funny business with accruals.


Elbit Systems Sloan Ratio % Historical Data

The historical data trend for Elbit Systems'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.

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Elbit Systems Sloan Ratio % Chart

Elbit Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.29 -0.23 4.78 2.03 3.20

Elbit Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.03 3.29 3.99 5.65 3.20

Competitive Comparison of Elbit Systems's Sloan Ratio %

For the Aerospace & Defense subindustry, Elbit Systems'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.


Elbit Systems's Sloan Ratio % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Sloan Ratio % distribution charts can be found below:

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



Elbit Systems 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.

Elbit Systems's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(215.131-113.709
--210.6)/9739.582
=3.20%

Elbit Systems's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(215.131-113.709
--210.6)/9739.582
=3.20%

Elbit Systems's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 62.069 (Mar. 2023 ) + 62.351 (Jun. 2023 ) + 60.703 (Sep. 2023 ) + 30.008 (Dec. 2023 ) = $215 Mil.
Elbit Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -73.025 (Mar. 2023 ) + -137.704 (Jun. 2023 ) + 10.698 (Sep. 2023 ) + 313.74 (Dec. 2023 ) = $114 Mil.
Elbit Systems's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -38.623 (Mar. 2023 ) + -94.94 (Jun. 2023 ) + -62.436 (Sep. 2023 ) + -14.601 (Dec. 2023 ) = $-211 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.


Elbit Systems  (NAS:ESLT) 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. 2023, Elbit Systems has a Sloan Ratio of 3.20%, indicating the company is in the safe zone and there is no funny business with accruals.


Elbit Systems Sloan Ratio % Related Terms

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Elbit Systems (Elbit Systems) Business Description

Traded in Other Exchanges
Address
Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.