Harland & Wolff Group Holdings (LSE:HARL) Sloan Ratio % : -46.30% (As of Jun. 2023)

Harland & Wolff Group Holdings Sloan Ratio % Chart

Harland & Wolff Group Holdings Annual Data
	Trend	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Dec22
Sloan Ratio %		Get a 7-Day Free Trial					8.79	-12.09	4.86	-7.11	-31.59

Harland & Wolff Group Holdings Semi-Annual Data
	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jun22	Dec22	Jun23
Sloan Ratio %	Get a 7-Day Free Trial															-7.11	-12.76	1.60	-31.59	-46.30

Competitive Comparison of Harland & Wolff Group Holdings's Sloan Ratio %

For the Aerospace & Defense subindustry, Harland & Wolff Group Holdings'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.

Harland & Wolff Group Holdings's Sloan Ratio % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Harland & Wolff Group Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Harland & Wolff Group Holdings's Sloan Ratio % falls into.

Harland & Wolff Group Holdings 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.

Harland & Wolff Group Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Harland & Wolff Group Holdings's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Harland & Wolff Group Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -52.709 (Dec. 2022 ) + -31.504 (Jun. 2023 ) = £-84.21 Mil.
Harland & Wolff Group Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -30.33 (Dec. 2022 ) + -10.983 (Jun. 2023 ) = £-41.31 Mil.
Harland & Wolff Group Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -1.597 (Dec. 2022 ) + -3.483 (Jun. 2023 ) = £-5.08 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.

Harland & Wolff Group Holdings  (LSE:HARL) 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 Jun. 2023, Harland & Wolff Group Holdings has a Sloan Ratio of -46.30%, indicating earnings are more likely to be made up of accruals.

Harland & Wolff Group Holdings Sloan Ratio % Related Terms

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Harland & Wolff Group Holdings (LSE:HARL) Business Description