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Knowlton Development (Knowlton Development) Sloan Ratio % : 0.00% (As of Jul. 2021)


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What is Knowlton Development 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.

Knowlton Development's Sloan Ratio for the quarter that ended in Jul. 2021 was 0.00%.

As of Jul. 2021, Knowlton Development has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Knowlton Development Sloan Ratio % Historical Data

The historical data trend for Knowlton Development'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.

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Knowlton Development Sloan Ratio % Chart

Knowlton Development Annual Data
Trend Apr20 Apr21
Sloan Ratio %
23.78 -1.67

Knowlton Development Quarterly Data
Apr20 Jul20 Apr21 Jul21
Sloan Ratio % - - - -

Competitive Comparison of Knowlton Development's Sloan Ratio %

For the Household & Personal Products subindustry, Knowlton Development'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.


Knowlton Development's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Knowlton Development's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Knowlton Development's Sloan Ratio % falls into.



Knowlton Development 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.

Knowlton Development's Sloan Ratio for the fiscal year that ended in Apr. 2021 is calculated as

Sloan Ratio=(Net Income (A: Apr. 2021 )-Cash Flow from Operations (A: Apr. 2021 )
-Cash Flow from Investing (A: Apr. 2021 ))/Total Assets (A: Apr. 2021 )
=(-125.8-51.7
--117.7)/3574.1
=-1.67%

Knowlton Development's Sloan Ratio for the quarter that ended in Jul. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jul. 2021 )
=(-13.3--39.5
--90.5)/3640.1
=3.21%

Knowlton Development's Net Income for the trailing twelve months (TTM) ended in Jul. 2021 was 0 (Apr. 2020 ) + -0.6 (Jul. 2020 ) + 0 (Apr. 2021 ) + -12.7 (Jul. 2021 ) = $-13.30 Mil.
Knowlton Development's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2021 was 0 (Apr. 2020 ) + -21.9 (Jul. 2020 ) + 0 (Apr. 2021 ) + -17.6 (Jul. 2021 ) = $-39.50 Mil.
Knowlton Development's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jul. 2021 was 0 (Apr. 2020 ) + -16.3 (Jul. 2020 ) + 0 (Apr. 2021 ) + -74.2 (Jul. 2021 ) = $-90.50 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.


Knowlton Development  (NYSE:KDC) 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 Jul. 2021, Knowlton Development has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Knowlton Development Sloan Ratio % Related Terms

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Knowlton Development (Knowlton Development) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
375 Roland-Therrien Boulevard, Suite 210, Longueuil, QC, CAN, J4H 4A6
Knowlton Development Corp Inc is involved in the formulation, design, packaging and manufacturing of beauty, personal care, and home care products. It offers skin care, body and hair care, soaps and sanitizers, cosmetics, deodorants, sun care, fragrances, air care, fabric care, pest control and surface care products.

Knowlton Development (Knowlton Development) Headlines