GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Neenah Inc (NYSE:NP) » Definitions » Sloan Ratio %

Neenah (Neenah) Sloan Ratio % : 18.96% (As of Mar. 2022)


View and export this data going back to 2004. Start your Free Trial

What is Neenah 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.

Neenah's Sloan Ratio for the quarter that ended in Mar. 2022 was 18.96%.

As of Mar. 2022, Neenah has a Sloan Ratio of 18.96%, indicating there is a warning stage of accrual build up.


Neenah Sloan Ratio % Historical Data

The historical data trend for Neenah'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.

Neenah Sloan Ratio % Chart

Neenah Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.33 -2.55 -2.28 -11.12 17.21

Neenah Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -12.66 16.30 18.44 17.21 18.96

Competitive Comparison of Neenah's Sloan Ratio %

For the Paper & Paper Products subindustry, Neenah'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.


Neenah's Sloan Ratio % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Neenah's Sloan Ratio % distribution charts can be found below:

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



Neenah 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.

Neenah's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(-24.9-53.2
--264.3)/1081.7
=17.21%

Neenah's Sloan Ratio for the quarter that ended in Mar. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2022 )
=(-27.5-30.5
--267.7)/1105.8
=18.96%

Neenah's Net Income for the trailing twelve months (TTM) ended in Mar. 2022 was -29.7 (Jun. 2021 ) + 3.3 (Sep. 2021 ) + -6.8 (Dec. 2021 ) + 5.7 (Mar. 2022 ) = $-28 Mil.
Neenah's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2022 was 2.7 (Jun. 2021 ) + 16.9 (Sep. 2021 ) + 12.9 (Dec. 2021 ) + -2 (Mar. 2022 ) = $31 Mil.
Neenah's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2022 was -242.6 (Jun. 2021 ) + -8 (Sep. 2021 ) + -8.7 (Dec. 2021 ) + -8.4 (Mar. 2022 ) = $-268 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.


Neenah  (NYSE:NP) 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 Mar. 2022, Neenah has a Sloan Ratio of 18.96%, indicating there is a warning stage of accrual build up.


Neenah Sloan Ratio % Related Terms

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


Neenah (Neenah) Business Description

Traded in Other Exchanges
N/A
Address
3460 Preston Ridge Road, Suite 600, Alpharetta, GA, USA, 30005
Neenah Inc produces and sells a variety of paper and performance-based technical products. The company reportable segments include Technical Products which sells filtration products used to filter air, fuel, water, and oil in automobiles. It's Fine Paper and Packaging, sells paper for writing, specialty paper, and envelopes used in corporate-branded paper materials, labels, and packaging. The company generates maximum revenue from Technical product segment. Geographically, it operates in North America, Spain, Germany and Rest of Europe.
Executives
Kimberly Ann Debrock officer: VP, Controller & CAO 3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Julie Schertell officer: President - Fine Paper 3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Jason T Free officer: EVP, Operations 3460 PRESTON RIDGE ROAD SUITE 600 ALPHARETTA GA 30005
Margaret S Dano director FLEETWOOD ENTERPRISES INC, 3125 MYERS STREET PO BOX 7638, RIVERSIDE CA 92513-7638
Larry Newton Brownlee officer: VP & Controller 3460 PRESTON RIDGE ROAD SUITE 600 ALPHARETA GA 30005
Shruti Singhal director 4 TESSENEER DRIVE, HIGHLAND HEIGHTS KY 41076
William M Cook director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Kingsley E. Shannon officer: SVP, President - Fine Paper 3460 PRESTON RIDGE ROAD SUITE 600 ALPHARETTA GA 30005
Paul F Desantis officer: SVP, CFO & Treasurer 25435 HARVARD RD, BEACHWOOD OH 44122-6201
Michael W Rickheim officer: SVP, CHRO & CAO 3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
John P O'donnell officer: SVP, Pres., Fine Paper 3460 PRESTON RIDGE, SUITE 600, ALPHARETTA GA 30005
Bonnie Cruickshank Lind officer: S.R V.P., CFO & Treasurer 3460 PRESTON RIDGE ROAD, ALPHARETTA GA 30005
Noah Samuel Benz officer: SVP, General Counsel & Sec 3460 PRESTON RIDGE ROAD SUITE 600 ALPHARETTA GA 30005
Philip C Moore director 3460 PRESTON RIDGE ROAD ALPHARETTA GA 30005
Donna Costello director 17 STEWART COURT, WESTWOOD NJ 07675