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.
Industria De Diseno Textil's Sloan Ratio for the quarter that ended in Jan. 2024 was 0.00%.
As of Jan. 2024, Industria De Diseno Textil has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Industria De Diseno Textil Sloan Ratio % Historical Data
The historical data trend for Industria De Diseno Textil'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.
Competitive Comparison of Industria De Diseno Textil's Sloan Ratio %
For the Apparel Retail subindustry, Industria De Diseno Textil'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.
Industria De Diseno Textil's Sloan Ratio % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Industria De Diseno Textil's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Industria De Diseno Textil's Sloan Ratio % falls into.
Industria De Diseno Textil 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.
Industria De Diseno Textil's Sloan Ratio for the fiscal year that ended in Jan. 2024 is calculated as
Industria De Diseno Textil's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was 1280.702 (Apr. 2023 ) + 1487.832 (Jul. 2023 ) + 1677.93 (Oct. 2023 ) + 1393.246 (Jan. 2024 ) = $5,840 Mil.
Industria De Diseno Textil's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was 0 (Apr. 2023 ) + 0 (Jul. 2023 ) + 0 (Oct. 2023 ) + 0 (Jan. 2024 ) = $0 Mil.
Industria De Diseno Textil's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was 0 (Apr. 2023 ) + 0 (Jul. 2023 ) + 0 (Oct. 2023 ) + 0 (Jan. 2024 ) = $0 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.
Industria De Diseno Textil (OTCPK:IDEXY) 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 Jan. 2024, Industria De Diseno Textil has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Industria De Diseno Textil Sloan Ratio % Related Terms
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Industria De Diseno Textil (Industria De Diseno Textil) Business Description
Inditex is a multibrand fashion conglomerate, founded in 1985. Zara is its flagship brand (including Zara Home), generating just over 70% of revenue and 75% of profits. Other brands include Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterque. The company operates through 5,800-plus stores globally, over 1,800 of them belonging to the Zara brand. Sixty-five percent of revenue is generated in the European home market, while the Americas and Asia contribute 20% and 14%, respectively. The company keeps design in house while mostly outsourcing manufacturing (own manufacturing constitutes only a low-single-digit percentage of output). Over 50% of sourcing factories are in proximity to the company's headquarters in Spain.
Industria De Diseno Textil (Industria De Diseno Textil) Headlines
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