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KHNGY (Kuehne + Nagel International AG) Sloan Ratio % : 1.83% (As of Sep. 2024)


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What is Kuehne + Nagel International AG 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.

Kuehne + Nagel International AG's Sloan Ratio for the quarter that ended in Sep. 2024 was 1.83%.

As of Sep. 2024, Kuehne + Nagel International AG has a Sloan Ratio of 1.83%, indicating the company is in the safe zone and there is no funny business with accruals.


Kuehne + Nagel International AG Sloan Ratio % Historical Data

The historical data trend for Kuehne + Nagel International AG'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.

Kuehne + Nagel International AG Sloan Ratio % Chart

Kuehne + Nagel International AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.94 -11.04 4.44 -10.42 -0.23

Kuehne + Nagel International AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -6.26 -0.23 3.49 2.34 1.83

Competitive Comparison of Kuehne + Nagel International AG's Sloan Ratio %

For the Integrated Freight & Logistics subindustry, Kuehne + Nagel International AG'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.


Kuehne + Nagel International AG's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kuehne + Nagel International AG's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Kuehne + Nagel International AG's Sloan Ratio % falls into.



Kuehne + Nagel International AG 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.

Kuehne + Nagel International AG's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(1654.718-1964.616
--280.99)/12686.17
=-0.23%

Kuehne + Nagel International AG's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(1312.529-1659.38
--590.275)/13322.71
=1.83%

Kuehne + Nagel International AG's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 300.648 (Dec. 2023 ) + 307.225 (Mar. 2024 ) + 322.22 (Jun. 2024 ) + 382.436 (Sep. 2024 ) = $1,313 Mil.
Kuehne + Nagel International AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 542.322 (Dec. 2023 ) + 196.939 (Mar. 2024 ) + 353.547 (Jun. 2024 ) + 566.572 (Sep. 2024 ) = $1,659 Mil.
Kuehne + Nagel International AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -136.448 (Dec. 2023 ) + -291.47 (Mar. 2024 ) + -52.584 (Jun. 2024 ) + -109.773 (Sep. 2024 ) = $-590 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.


Kuehne + Nagel International AG  (OTCPK:KHNGY) 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 Sep. 2024, Kuehne + Nagel International AG has a Sloan Ratio of 1.83%, indicating the company is in the safe zone and there is no funny business with accruals.


Kuehne + Nagel International AG Sloan Ratio % Related Terms

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Kuehne + Nagel International AG Business Description

Address
Dorfstrasse 50, P.O. Box 67, Schindellegi, CHE, CH-8834
Kuehne+Nagel is a global transportation and logistics company founded in Switzerland in 1890. Following DSV's acquisition of DB Schenker, Kuehne+Nagel will be the second-largest sea freight forwarder globally and hold a minimum of the top three spots in air freight. Sea freight has traditionally constituted the largest part of the business, contributing 40% of group revenue in 2023. The company aims to become a more balanced, fully integrated freight forwarder while continually improving its end-to-end offering to its clients.