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.
John Bnfilippo & Son's Sloan Ratio for the quarter that ended in Dec. 2023 was 6.50%.
As of Dec. 2023, John Bnfilippo & Son has a Sloan Ratio of 6.50%, indicating the company is in the safe zone and there is no funny business with accruals.
John Bnfilippo & Son Sloan Ratio % Historical Data
The historical data trend for John Bnfilippo & Son'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 John Bnfilippo & Son's Sloan Ratio %
For the Packaged Foods subindustry, John Bnfilippo & Son'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.
John Bnfilippo & Son's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, John Bnfilippo & Son's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where John Bnfilippo & Son's Sloan Ratio % falls into.
John Bnfilippo & Son 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.
John Bnfilippo & Son's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
John Bnfilippo & Son's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 15.732 (Mar. 2023 ) + 14.673 (Jun. 2023 ) + 17.588 (Sep. 2023 ) + 19.171 (Dec. 2023 ) = $67.2 Mil.
John Bnfilippo & Son's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 1.437 (Mar. 2023 ) + 52.266 (Jun. 2023 ) + 21.881 (Sep. 2023 ) + 39.291 (Dec. 2023 ) = $114.9 Mil.
John Bnfilippo & Son's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -4.166 (Mar. 2023 ) + -5.145 (Jun. 2023 ) + -6.046 (Sep. 2023 ) + -63.863 (Dec. 2023 ) = $-79.2 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.
John Bnfilippo & Son (NAS:JBSS) 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, John Bnfilippo & Son has a Sloan Ratio of 6.50%, indicating the company is in the safe zone and there is no funny business with accruals.
John Bnfilippo & Son Sloan Ratio % Related Terms
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John Bnfilippo & Son (John Bnfilippo & Son) Business Description
John B Sanfilippo & Son Inc is one of the processors and distributors of peanuts, pecans, cashews, walnuts, almonds, and other nuts in the United States. These nuts are sold under a variety of private brands and under the Fisher, Orchard Valley Harvest, and Sunshine Country brand names. It also market and distribute, and in the majority of cases, manufacture or process, a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snacks and trail mixes, snack bites, sunflower kernels, dried fruit, corn snacks, sesame sticks and other sesame snack products under private brands and brand names.
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