What is Thessaloniki Port Authority 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.
When sloan ratio (-25.28)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2023, Thessaloniki Port Authority has a Sloan Ratio of -1.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Thessaloniki Port Authority 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 Thessaloniki Port Authority's Sloan Ratio %
For the Marine Shipping subindustry, Thessaloniki Port Authority'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.
Thessaloniki Port Authority's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Thessaloniki Port Authority's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Thessaloniki Port Authority's Sloan Ratio % falls into.
Thessaloniki Port Authority 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Thessaloniki Port Authority's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 9.028 (Dec. 2022 ) + 8.402 (Jun. 2023 ) = €17.43 Mil.
Thessaloniki Port Authority's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 12.005 (Dec. 2022 ) + 12.135 (Jun. 2023 ) = €24.14 Mil.
Thessaloniki Port Authority's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was 0.95 (Dec. 2022 ) + -3.563 (Jun. 2023 ) = €-2.61 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.
Thessaloniki Port Authority (ATH:OLTH) 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. 2023, Thessaloniki Port Authority has a Sloan Ratio of -1.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Thessaloniki Port Authority Sloan Ratio % Related Terms
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Thessaloniki Port Authority (ATH:OLTH) Business Description
Thessaloniki Port Authority SA is a shipping company based in Greece. It manages the port of Thessaloniki and provides ship berthing, anchoring, mooring, loading, unloading and cargo handling and passenger services along with add-on services like water, electricity, telephone connections, The company's operational areas are categorized into four, which are vessels, containers, event halls and parking services. Most of its revenues are obtained from its container and vessel operations catering to industries, shipping agents, container transportation companies, and freight transport companies. The Event halls are another aspect of its service area, wherein the company provides premises to host multipurpose activities.
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