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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.
Tanzania Cigarette's Sloan Ratio for the quarter that ended in . 20 was 0.00%.
As of . 20, Tanzania Cigarette has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Tanzania Cigarette (DAR:TCC) 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 . 20, Tanzania Cigarette has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Tanzania Cigarette Sloan Ratio % Related Terms
Tanzania Cigarette Sloan Ratio % Historical Data
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The historical data trend for Tanzania Cigarette'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.
Tanzania Cigarette Sloan Ratio % Chart
Tanzania Cigarette Annual Data
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Tanzania Cigarette Semi-Annual Data
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DAR:TCC vs : Sloan Ratio % Comparison
For the Tobacco subindustry, Tanzania Cigarette'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.
Tanzania Cigarette Sloan Ratio % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Tanzania Cigarette's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tanzania Cigarette'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.
Tanzania Cigarette's Sloan Ratio for the fiscal year that ended in . 20 is calculated as
* 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.
Tanzania Cigarette (DAR:TCC) has a Sloan Ratio % of 0.00% as of . 20. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tanzania Cigarette and its competitors.
Is Tanzania Cigarette's Sloan Ratio % too high?
Tanzania Cigarette's current Sloan Ratio % is 0.00%. Overall, Tanzania Cigarette has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Tanzania Cigarette's Sloan Ratio % compare to ?
Tanzania Cigarette's Sloan Ratio % of 0.00% can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Sloan Ratio % depends on the Tobacco Products 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 Tanzania Cigarette and its competitors. Tanzania Cigarette's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanzania Cigarette stock overvalued right now?
Tanzania Cigarette (DAR:TCC) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Tanzania Cigarette's overall GF Score™ is 40/100 with 1 warning sign to review. 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 Tanzania Cigarette (DAR:TCC), the current Sloan Ratio % is 0.00% as of . 20. 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.
Tanzania Cigarette PLC is engaged in the manufacturing, distribution, marketing, and sale of cigarettes for the domestic market of Tanzania. In addition, the company also manufactures and exports cigarettes to the Democratic Republic of Congo, South Africa, and Namibia. Its product portfolio includes international brands under sub-license from group companies such as Winston and Camel, along with local brands such as Embassy, Crescent, Star, Portsman, and Sweet Menthol. Geographically, the company generates maximum revenue from its domestic market business.
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