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.
ANTA Sports Products's Sloan Ratio for the quarter that ended in Jun. 2024 was 21.83%.
As of Jun. 2024, ANTA Sports Products has a Sloan Ratio of 21.83%, indicating there is a warning stage of accrual build up.
ANTA Sports Products Sloan Ratio % Historical Data
The historical data trend for ANTA Sports Products'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 ANTA Sports Products's Sloan Ratio %
For the Leisure subindustry, ANTA Sports Products'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.
ANTA Sports Products's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ANTA Sports Products's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ANTA Sports Products's Sloan Ratio % falls into.
ANTA Sports Products 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.
ANTA Sports Products's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
ANTA Sports Products's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 768.606 (Dec. 2023 ) + 1064.276 (Jun. 2024 ) = $1,833 Mil.
ANTA Sports Products's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 1326.293 (Dec. 2023 ) + 1171.93 (Jun. 2024 ) = $2,498 Mil.
ANTA Sports Products's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -2304.697 (Dec. 2023 ) + -1284.547 (Jun. 2024 ) = $-3,589 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.
ANTA Sports Products (OTCPK:ANPDY) 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 Jun. 2024, ANTA Sports Products has a Sloan Ratio of 21.83%, indicating there is a warning stage of accrual build up.
ANTA Sports Products Sloan Ratio % Related Terms
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Anta Sports is a leading Chinese sportswear company. The company designs, manufactures, and markets sportswear, footwear, and accessories, spanning from value-driven offerings to premium segments. Beyond their core Anta brand, the business operate a multi-brand portfolio including Fila (China), Descente (China), Kolon (China), and holds a major stake in Amer Sports, parent company to globally recognized brands like Salomon, Arc'teryx, and Wilson. This diverse portfolio allows Anta to cater to a broad spectrum of consumers, from professional athletes to athleisure enthusiasts.
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