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.
George Weston's Sloan Ratio for the quarter that ended in Dec. 2023 was -5.30%.
As of Dec. 2023, George Weston has a Sloan Ratio of -5.30%, indicating the company is in the safe zone and there is no funny business with accruals.
George Weston Sloan Ratio % Historical Data
The historical data trend for George Weston'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 George Weston's Sloan Ratio %
For the Grocery Stores subindustry, George Weston'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.
George Weston's Sloan Ratio % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, George Weston's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where George Weston's Sloan Ratio % falls into.
George Weston 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.
George Weston's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
George Weston's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 318.644 (Mar. 2023 ) + 382.357 (Jun. 2023 ) + 461.163 (Sep. 2023 ) + -20.871 (Dec. 2023 ) = $1,141 Mil.
George Weston's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 667.982 (Mar. 2023 ) + 996.538 (Jun. 2023 ) + 1551.992 (Sep. 2023 ) + 1127.758 (Dec. 2023 ) = $4,344 Mil.
George Weston's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -264.562 (Mar. 2023 ) + -457.625 (Jun. 2023 ) + -410.908 (Sep. 2023 ) + -104.353 (Dec. 2023 ) = $-1,237 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.
George Weston (OTCPK:WNGRF) 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, George Weston has a Sloan Ratio of -5.30%, indicating the company is in the safe zone and there is no funny business with accruals.
George Weston Sloan Ratio % Related Terms
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George Weston (George Weston) Business Description
George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages 702 commercial and residential properties in Canada, generating 57% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.
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