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Kent Gida Maddelerinayii Ve Ticaret AS (IST:KENT) Sloan Ratio % : 0.00% (As of Dec. 2013)


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What is Kent Gida Maddelerinayii Ve Ticaret AS Sloan Ratio %?

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.

Kent Gida Maddelerinayii Ve Ticaret AS's Sloan Ratio for the quarter that ended in Dec. 2013 was 0.00%.

As of Dec. 2013, Kent Gida Maddelerinayii Ve Ticaret AS has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Kent Gida Maddelerinayii Ve Ticaret AS Sloan Ratio % Historical Data

The historical data trend for Kent Gida Maddelerinayii Ve Ticaret AS'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.

* Premium members only.

Kent Gida Maddelerinayii Ve Ticaret AS Sloan Ratio % Chart

Kent Gida Maddelerinayii Ve Ticaret AS Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.07 -0.68 -8.20 -5.84 -12.54

Kent Gida Maddelerinayii Ve Ticaret AS Quarterly Data
Dec02 Dec03 Dec04 Sep07 Dec07 Sep08 Dec08 Dec09 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Sep13 Dec13
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.63 -5.82 -12.17 - -

Competitive Comparison of Kent Gida Maddelerinayii Ve Ticaret AS's Sloan Ratio %

For the Confectioners subindustry, Kent Gida Maddelerinayii Ve Ticaret AS'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.


Kent Gida Maddelerinayii Ve Ticaret AS's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kent Gida Maddelerinayii Ve Ticaret AS's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Kent Gida Maddelerinayii Ve Ticaret AS's Sloan Ratio % falls into.



Kent Gida Maddelerinayii Ve Ticaret AS 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.

Kent Gida Maddelerinayii Ve Ticaret AS's Sloan Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2013 )-Cash Flow from Operations (A: Dec. 2013 )
-Cash Flow from Investing (A: Dec. 2013 ))/Total Assets (A: Dec. 2013 )
=(-15.667-74.489
--22.804)/536.893
=-12.54%

Kent Gida Maddelerinayii Ve Ticaret AS's Sloan Ratio for the quarter that ended in Dec. 2013 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2013 )
=(-52.694-80.96
-28.221)/536.893
=-30.15%

Kent Gida Maddelerinayii Ve Ticaret AS's Net Income for the trailing twelve months (TTM) ended in Dec. 2013 was -20.613 (Dec. 2012 ) + -10.243 (Mar. 2013 ) + -12.618 (Sep. 2013 ) + -9.22 (Dec. 2013 ) = ₺-52.7 Mil.
Kent Gida Maddelerinayii Ve Ticaret AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 35.739 (Dec. 2012 ) + -6.221 (Mar. 2013 ) + 0 (Sep. 2013 ) + 51.442 (Dec. 2013 ) = ₺81.0 Mil.
Kent Gida Maddelerinayii Ve Ticaret AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2013 was 46.855 (Dec. 2012 ) + -5.134 (Mar. 2013 ) + 0 (Sep. 2013 ) + -13.5 (Dec. 2013 ) = ₺28.2 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.


Kent Gida Maddelerinayii Ve Ticaret AS  (IST:KENT) 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. 2013, Kent Gida Maddelerinayii Ve Ticaret AS has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Kent Gida Maddelerinayii Ve Ticaret AS Sloan Ratio % Related Terms

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Kent Gida Maddelerinayii Ve Ticaret AS (IST:KENT) Business Description

Traded in Other Exchanges
N/A
Address
Cumhuriyet Mah 2253, Sokak No.11, Gebze, Kocaeli, Istanbul, TUR, 41400
Kent Gida Maddeleri Sanayii Ve Ticaret AS operates as a confectionery company. It produces as well as sells candy, chewing gums and chocolates, coffee, salty cookies and powdered beverages. The products of the company are offered under various brands such as Barni, Bubblicious, Milka, Toblerone, Bonibon, tofita, Olips, poptip, and others. Geographically the operations are carried out through Turkey.

Kent Gida Maddelerinayii Ve Ticaret AS (IST:KENT) Headlines

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