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.
Apogee Enterprises's Sloan Ratio for the quarter that ended in Nov. 2024 was 17.17%.
As of Nov. 2024, Apogee Enterprises has a Sloan Ratio of 17.17%, indicating there is a warning stage of accrual build up.
Apogee Enterprises Sloan Ratio % Historical Data
The historical data trend for Apogee Enterprises'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 Apogee Enterprises's Sloan Ratio %
For the Building Products & Equipment subindustry, Apogee Enterprises'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.
Apogee Enterprises's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Apogee Enterprises's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Apogee Enterprises's Sloan Ratio % falls into.
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.
Apogee Enterprises's Sloan Ratio for the fiscal year that ended in Feb. 2024 is calculated as
Apogee Enterprises's Net Income for the trailing twelve months (TTM) ended in Nov. 2024 was 15.736 (Feb. 2024 ) + 31.011 (May. 2024 ) + 30.566 (Aug. 2024 ) + 20.989 (Nov. 2024 ) = $98 Mil.
Apogee Enterprises's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2024 was 74.902 (Feb. 2024 ) + 5.453 (May. 2024 ) + 58.679 (Aug. 2024 ) + 30.998 (Nov. 2024 ) = $170 Mil.
Apogee Enterprises's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2024 was -17.367 (Feb. 2024 ) + -7.329 (May. 2024 ) + -8.121 (Aug. 2024 ) + -241.651 (Nov. 2024 ) = $-274 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.
Apogee Enterprises (NAS:APOG) 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 Nov. 2024, Apogee Enterprises has a Sloan Ratio of 17.17%, indicating there is a warning stage of accrual build up.
Apogee Enterprises Sloan Ratio % Related Terms
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Apogee Enterprises Inc provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. Its segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass windows, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and others. Geographically, it derives a majority of its revenue from the United States.
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