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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.
As of Dec. 2024, Corporate Travel Management has a Sloan Ratio of 0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Corporate Travel Management (OTCPK:CTMLF) 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. 2024, Corporate Travel Management has a Sloan Ratio of 0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Corporate Travel Management Sloan Ratio % Related Terms
Corporate Travel Management 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.
CTMLF vs TRIP, PRSU, LIND: Sloan Ratio % Comparison
For the Travel Services subindustry, Corporate Travel Management'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.
Corporate Travel Management Sloan Ratio % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Corporate Travel Management's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Corporate Travel Management's Sloan Ratio % falls into.
Corporate Travel Management 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.
Corporate Travel Management's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 23.248 (Jun. 2024 ) + 18.044 (Dec. 2024 ) = $41.3 Mil.
Corporate Travel Management's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 54.941 (Jun. 2024 ) + 8.065 (Dec. 2024 ) = $63.0 Mil.
Corporate Travel Management's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -16.039 (Jun. 2024 ) + -12.695 (Dec. 2024 ) = $-28.7 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.
Corporate Travel Management (CTMLF) has a Sloan Ratio % of 0.70% as of Dec. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Corporate Travel Management and its competitors.
Is Corporate Travel Management's Sloan Ratio % too high?
Corporate Travel Management's current Sloan Ratio % is 0.70%. Overall, Corporate Travel Management has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Corporate Travel Management's Sloan Ratio % compare to TRIP and PRSU?
Corporate Travel Management's Sloan Ratio % of 0.70% can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Travel & Leisure company?
A good Sloan Ratio % depends on the Travel & Leisure industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Corporate Travel Management and its competitors. Corporate Travel Management's current Sloan Ratio % is 0.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corporate Travel Management stock overvalued right now?
Corporate Travel Management (CTMLF) has a current Sloan Ratio % of 0.70%. The current Sloan Ratio % is 0.70%. Corporate Travel Management's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Corporate Travel Management (CTMLF), the current Sloan Ratio % is 0.70% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Corporate Travel Management provides travel services for businesses and governments across the Americas, Australia and New Zealand, Europe, and Asia. The group has built scale and breadth through both organic growth and acquisitions. Corporate Travel is currently a top-five corporate travel management company globally based total transaction volumes, but it is a relative minnow in the highly fragmented USD 1 trillion global market. The group offers expertise and personalized service to corporate clients spanning various industries such as government, healthcare, mining, energy, infrastructure, and construction. Before the pandemic, more than 60% of the group's client travel was domestic (within country) in nature.
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