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.
NuStar GP Holdings LLC's Sloan Ratio for the quarter that ended in Mar. 2018 was -0.16%.
As of Mar. 2018, NuStar GP Holdings LLC has a Sloan Ratio of -0.16%, indicating the company is in the safe zone and there is no funny business with accruals.
NuStar GP Holdings LLC Sloan Ratio % Historical Data
* 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 NuStar GP Holdings LLC's Sloan Ratio %
For the Oil & Gas Midstream subindustry, NuStar GP Holdings LLC'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.
NuStar GP Holdings LLC's Sloan Ratio % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NuStar GP Holdings LLC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NuStar GP Holdings LLC's Sloan Ratio % falls into.
NuStar GP Holdings LLC 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.
NuStar GP Holdings LLC's Sloan Ratio for the fiscal year that ended in Dec. 2017 is calculated as
NuStar GP Holdings LLC's Net Income for the trailing twelve months (TTM) ended in Mar. 2018 was 51.311 (Jun. 2017 ) + 11.03 (Sep. 2017 ) + 7.442 (Dec. 2017 ) + 11.939 (Mar. 2018 ) = $81.72 Mil.
NuStar GP Holdings LLC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2018 was 9.951 (Jun. 2017 ) + 11.17 (Sep. 2017 ) + 9.797 (Dec. 2017 ) + 12.076 (Mar. 2018 ) = $42.99 Mil.
NuStar GP Holdings LLC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2018 was 1.874 (Jun. 2017 ) + 12.222 (Sep. 2017 ) + 13.955 (Dec. 2017 ) + 11.109 (Mar. 2018 ) = $39.16 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.
NuStar GP Holdings LLC (NYSE:NSH) 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 Mar. 2018, NuStar GP Holdings LLC has a Sloan Ratio of -0.16%, indicating the company is in the safe zone and there is no funny business with accruals.
NuStar GP Holdings LLC Sloan Ratio % Related Terms
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NuStar GP Holdings LLC (NuStar GP Holdings LLC) Business Description
NuStar GP Holdings LLC is a US-based limited liability company. It holds an ownership interest in NuStar Energy L.P. which is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling, and storage of petroleum products and the marketing of petroleum products. The NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom. The company manages NuStar Energy through its ownership of NuStar GP, LLC and Riverwalk Holdings, LLC.
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