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.
Games Workshop Group's Sloan Ratio for the quarter that ended in Nov. 2023 was -12.39%.
As of Nov. 2023, Games Workshop Group has a Sloan Ratio of -12.39%, indicating there is a warning stage of accrual build up.
Games Workshop Group Sloan Ratio % Historical Data
The historical data trend for Games Workshop Group'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 Games Workshop Group's Sloan Ratio %
For the Leisure subindustry, Games Workshop Group'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.
Games Workshop Group's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Games Workshop Group's Sloan Ratio % falls into.
Games Workshop Group 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.
Games Workshop Group's Sloan Ratio for the fiscal year that ended in May. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Games Workshop Group's Net Income for the trailing twelve months (TTM) ended in Nov. 2023 was 85.144 (May. 2023 ) + 88.806 (Nov. 2023 ) = $174.0 Mil.
Games Workshop Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2023 was 132.709 (May. 2023 ) + 126.368 (Nov. 2023 ) = $259.1 Mil.
Games Workshop Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2023 was -15.855 (May. 2023 ) + -15.423 (Nov. 2023 ) = $-31.3 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.
Games Workshop Group (OTCPK:GMWKF) 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 Nov. 2023, Games Workshop Group has a Sloan Ratio of -12.39%, indicating there is a warning stage of accrual build up.
Games Workshop Group Sloan Ratio % Related Terms
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Games Workshop Group (Games Workshop Group) Business Description
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment. The company offers more than 1000 products through there independent retail outlets in more than 50 countries.
Games Workshop Group (Games Workshop Group) Headlines
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