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.
lastminute.com NV's Sloan Ratio for the quarter that ended in Dec. 2024 was 3.98%.
As of Dec. 2024, lastminute.com NV has a Sloan Ratio of 3.98%, indicating the company is in the safe zone and there is no funny business with accruals.
lastminute.com NV Sloan Ratio % Historical Data
The historical data trend for lastminute.com NV'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 lastminute.com NV's Sloan Ratio %
For the Travel Services subindustry, lastminute.com NV'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.
lastminute.com NV's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, lastminute.com NV's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where lastminute.com NV's Sloan Ratio % falls into.
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.
lastminute.com NV's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
lastminute.com NV's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 9.612 (Jun. 2024 ) + -0.093 (Dec. 2024 ) = CHF9.5 Mil.
lastminute.com NV's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 130.602 (Jun. 2024 ) + -102.702 (Dec. 2024 ) = CHF27.9 Mil.
lastminute.com NV's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -18.941 (Jun. 2024 ) + -16.422 (Dec. 2024 ) = CHF-35.4 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.
lastminute.com NV (LTS:0QT0) 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 Dec. 2024, lastminute.com NV has a Sloan Ratio of 3.98%, indicating the company is in the safe zone and there is no funny business with accruals.
lastminute.com NV Sloan Ratio % Related Terms
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lastminute.com NV operates in the online travel and leisure industry. It offers online tools & technologies for search compare and booking flights, vacation packages, Car rentals, Lifestyle, hotel bookings, and other Ancillary Services. The group operates under several key brands, including lastminute.com, Bravofly, Rumbo, Volagratis, and Jetcost. The company offers services to customers through websites and mobile apps. Its business is spread across various geographical regions including France, the UK, Spain, Switzerland, and internationally. The company's segments include B2B which represents its Meta, Media, and Long-term partnerships (affiliations, white-label, gift cards, corporate rewards), and B2C segment represents its core business offerings, Cruise business, and others.
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