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.
Thermador Groupe's Sloan Ratio for the quarter that ended in Dec. 2024 was -2.97%.
As of Dec. 2024, Thermador Groupe has a Sloan Ratio of -2.97%, indicating the company is in the safe zone and there is no funny business with accruals.
Thermador Groupe Sloan Ratio % Historical Data
The historical data trend for Thermador Groupe'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 Thermador Groupe's Sloan Ratio %
For the Industrial Distribution subindustry, Thermador Groupe'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.
Thermador Groupe's Sloan Ratio % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Thermador Groupe's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Thermador Groupe'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.
Thermador Groupe's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Thermador Groupe's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 25.32 (Jun. 2024 ) + 19.423 (Dec. 2024 ) = €44.7 Mil.
Thermador Groupe's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 45.616 (Jun. 2024 ) + 28.651 (Dec. 2024 ) = €74.3 Mil.
Thermador Groupe's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -7.215 (Jun. 2024 ) + -6.788 (Dec. 2024 ) = €-14.0 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.
Thermador Groupe (FRA:T8DA) 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, Thermador Groupe has a Sloan Ratio of -2.97%, indicating the company is in the safe zone and there is no funny business with accruals.
Thermador Groupe Sloan Ratio % Related Terms
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Thermador Groupe SA is engaged in the distribution of materials for the circulation of fluids in the building, public works and industry. It involves the distribution of accessories used for heating and domestic hot water, heating pumps, plumbing equipment, sanitary taps, building taps, ventilation, industrial taps, cold water pumps, plastic pipes (ducts, tubes, drains, fittings, etc.) for wet and dry networks, construction, public works and irrigation, swimming pool equipment and accessories, air compressors, generators and welding sets.
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