GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fraport AG (OTCPK:FPRUY) » Definitions » Sloan Ratio %

Fraport AG (Fraport AG) Sloan Ratio % : 7.07% (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Fraport AG 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.

Fraport AG's Sloan Ratio for the quarter that ended in Dec. 2023 was 7.07%.

As of Dec. 2023, Fraport AG has a Sloan Ratio of 7.07%, indicating the company is in the safe zone and there is no funny business with accruals.


Fraport AG Sloan Ratio % Historical Data

The historical data trend for Fraport AG'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.

Fraport AG Sloan Ratio % Chart

Fraport AG 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 6.10 14.96 12.28 3.19 7.14

Fraport AG 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 3.24 2.18 4.97 6.88 7.07

Competitive Comparison of Fraport AG's Sloan Ratio %

For the Airports & Air Services subindustry, Fraport AG'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.


Fraport AG's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fraport AG's Sloan Ratio % distribution charts can be found below:

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



Fraport AG 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.

Fraport AG'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 )
=(428.79-941.33
--1983.533)/20600.763
=7.14%

Fraport AG'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 )
=(423.006-927.981
--1960.494)/20600.763
=7.07%

Fraport AG's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -23.126 (Mar. 2023 ) + 110.834 (Jun. 2023 ) + 251.547 (Sep. 2023 ) + 83.751 (Dec. 2023 ) = $423 Mil.
Fraport AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 89.722 (Mar. 2023 ) + 227.519 (Jun. 2023 ) + 467.556 (Sep. 2023 ) + 143.184 (Dec. 2023 ) = $928 Mil.
Fraport AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -226.231 (Mar. 2023 ) + -702.059 (Jun. 2023 ) + -653.469 (Sep. 2023 ) + -378.735 (Dec. 2023 ) = $-1,960 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.


Fraport AG  (OTCPK:FPRUY) 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, Fraport AG has a Sloan Ratio of 7.07%, indicating the company is in the safe zone and there is no funny business with accruals.


Fraport AG Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Fraport AG's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fraport AG (Fraport AG) Business Description

Address
Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.