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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.
Flowers Foods's Sloan Ratio for the quarter that ended in Dec. 2024 was 0.24%.
As of Dec. 2024, Flowers Foods has a Sloan Ratio of 0.24%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Flowers Foods'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.
Flowers Foods Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Sloan Ratio % | Get a 7-Day Free Trial |
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-6.87 | 1.63 | 0.56 | 5.19 | 0.24 |
Flowers Foods Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Sloan Ratio % | Get a 7-Day Free Trial |
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- | - | -3.44 | 0.48 | 0.24 |
For the Packaged Foods subindustry, Flowers Foods'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Flowers Foods's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Flowers Foods'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.
Flowers Foods's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Sloan Ratio | = | (Net Income (A: Dec. 2024 ) | - | Cash Flow from Operations (A: Dec. 2024 ) |
- | Cash Flow from Investing (A: Dec. 2024 )) | / | Total Assets (A: Dec. 2024 ) | |
= | (248.116 | - | 412.664 | |
- | -172.669) | / | 3400.447 | |
= | 0.24% |
Flowers Foods's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Dec. 2024 ) | |
= | (248.116 | - | 412.664 | |
- | -172.669) | / | 3400.447 | |
= | 0.24% |
Flowers Foods's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 73.043 (Mar. 2024 ) + 66.967 (Jun. 2024 ) + 64.984 (Sep. 2024 ) + 43.122 (Dec. 2024 ) = $248 Mil. Flowers Foods's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 105.149 (Mar. 2024 ) + 63.272 (Jun. 2024 ) + 113.949 (Sep. 2024 ) + 130.294 (Dec. 2024 ) = $413 Mil. Flowers Foods's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -35.927 (Mar. 2024 ) + -40.578 (Jun. 2024 ) + -36.437 (Sep. 2024 ) + -59.727 (Dec. 2024 ) = $-173 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.
Flowers Foods (NYSE:FLO) 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.
According to How to Beat the Market with the Sloan Ratio:
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, Flowers Foods has a Sloan Ratio of 0.24%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Flowers Foods's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Casey Edward J. Jr. | director | 835 HAMILTON STREET, SUITE 150, ALLENTOWN PA 18101 |
Terry S Thomas | director | 6430 STEFANI DRIVE, DALLAS TX 75225 |
R Steve Kinsey | officer: EVP & Chief Financial Officer | 301 HABERSHAM ROAD, THOMASVILLE GA 31792 |
Stephanie B Tillman | officer: Chief Legal Counsel | 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757 |
Ryals Mcmullian | officer: Chief Strategy Officer | 2922 IVANHOE ROAD, TALLAHASSEE FL 32312 |
Brigitte King | director | 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757 |
Joanne D Smith | director | C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320 |
H Mark Courtney | officer: SVP Sales&Mkt Flowers Bakeries | 16 MEANDER TRACE, THOMASVILLE GA 31792 |
Cindy Cox | officer: Chief Human Resources Officer | 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757 |
Chubb Thomas Caldecot Iii | director | 999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309 |
Melvin T Stith | director | 1111 BAY AVENUE, SUITE 501, COLUMBUS GA 31901 |
Thomas L Winters | officer: Chief Supply Chain Officer | 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757 |
Heeth Iv Varnedoe | officer: Chief Transformation Officer | 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757 |
William Jameson Mcfadden | director | 140 BROADWAY, NEW YORK NY 10005 |
Brad Cashaw | officer: Chief Supply Chain Officer | 2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204 |
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