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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.
Lenta IPJSC's Sloan Ratio for the quarter that ended in Jun. 2023 was 5.01%.
As of Jun. 2023, Lenta IPJSC has a Sloan Ratio of 5.01%, indicating the company is in the safe zone and there is no funny business with accruals.
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 Jun. 2023, Lenta IPJSC has a Sloan Ratio of 5.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Lenta IPJSC Sloan Ratio % Related Terms
Lenta IPJSC Sloan Ratio % Historical Data
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The historical data trend for Lenta IPJSC'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.
For the Department Stores subindustry, Lenta IPJSC'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.
Lenta IPJSC Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lenta IPJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lenta IPJSC'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.
Lenta IPJSC's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Lenta IPJSC's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 3230.388 (Jun. 2022 ) + -3076.095 (Jun. 2023 ) = ₽154 Mil.
Lenta IPJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -4707.739 (Jun. 2022 ) + -633.454 (Jun. 2023 ) = ₽-5,341 Mil.
Lenta IPJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -7340.299 (Jun. 2022 ) + -3772.115 (Jun. 2023 ) = ₽-11,112 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.
Lenta IPJSC (MIC:LENT) has a Sloan Ratio % of 5.01% as of Jun. 2023. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Lenta IPJSC and its competitors.
Is Lenta IPJSC's Sloan Ratio % too high?
Lenta IPJSC's current Sloan Ratio % is 5.01%. Overall, Lenta IPJSC has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Lenta IPJSC's Sloan Ratio % compare to DDS and M?
Lenta IPJSC's Sloan Ratio % of 5.01% can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Retail - Cyclical company?
A good Sloan Ratio % depends on the Retail - Cyclical industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Lenta IPJSC and its competitors. Lenta IPJSC's current Sloan Ratio % is 5.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lenta IPJSC stock overvalued right now?
Lenta IPJSC (MIC:LENT) has a current Sloan Ratio % of 5.01%. The current Sloan Ratio % is 5.01%. Lenta IPJSC's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Lenta IPJSC (MIC:LENT), the current Sloan Ratio % is 5.01% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Lenta IPJSC, formerly Lenta PLC operates a chain of retail stores in Russia. The company operates more than 200 hypermarkets in Russia. It also has more than 100 supermarkets in Moscow and St. Petersburg. Through its hypermarkets and supermarkets, it sells products varying from household goods, daily need products, food, and drinks. Revenues are generated by the sale of these products directly to the consumer.
16GF Score
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