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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.
Aeffe SpA's Sloan Ratio for the quarter that ended in Jun. 2025 was -14.82%.
As of Jun. 2025, Aeffe SpA has a Sloan Ratio of -14.82%, indicating there is a warning stage of accrual build up.
Aeffe SpA (MIL:AEF) 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 Jun. 2025, Aeffe SpA has a Sloan Ratio of -14.82%, indicating there is a warning stage of accrual build up.
Aeffe SpA Sloan Ratio % Related Terms
Aeffe SpA Sloan Ratio % Historical Data
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The historical data trend for Aeffe SpA'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.
MIL:AEF vs RL, LEVI, VFC: Sloan Ratio % Comparison
For the Apparel Manufacturing subindustry, Aeffe SpA'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.
Aeffe SpA Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aeffe SpA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aeffe SpA'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.
Aeffe SpA's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Aeffe SpA's Net Income for the trailing twelve months (TTM) ended in Jun. 2025 was 55.325 (Sep. 2024 ) + -15.639 (Dec. 2024 ) + -10.125 (Mar. 2025 ) + -18.337 (Jun. 2025 ) = €11.2 Mil.
Aeffe SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2025 was 60.834 (Sep. 2024 ) + -75.893 (Dec. 2024 ) + -15.574 (Mar. 2025 ) + 1.494 (Jun. 2025 ) = €-29.1 Mil.
Aeffe SpA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2025 was 7.979 (Sep. 2024 ) + 86.703 (Dec. 2024 ) + -0.756 (Mar. 2025 ) + 0.066 (Jun. 2025 ) = €94.0 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.
Aeffe SpA (MIL:AEF) has a Sloan Ratio % of -14.82% as of Jun. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Aeffe SpA and its competitors.
Is Aeffe SpA's Sloan Ratio % too high?
Aeffe SpA's current Sloan Ratio % is -14.82%. Overall, Aeffe SpA has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Aeffe SpA's Sloan Ratio % compare to RL and LEVI?
Aeffe SpA's Sloan Ratio % of -14.82% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories 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 Aeffe SpA and its competitors. Aeffe SpA's current Sloan Ratio % is -14.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeffe SpA stock overvalued right now?
Aeffe SpA (MIL:AEF) has a current Sloan Ratio % of -14.82%. The current Sloan Ratio % is -14.82%. Aeffe SpA's overall GF Score™ is 28/100. 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 Aeffe SpA (MIL:AEF), the current Sloan Ratio % is -14.82% as of Jun. 2025. 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.
Aeffe SpA is an Italian company engaged in the designing, production, and distribution of fashion and luxury goods. The business activity of the firm is operated through two segments. The Pret-a Porter segment is engaged in the development of luxury ready-to-wear clothing and lingerie, beachwear, and loungewear collections. The Footwear and leather goods segment handles footwear, small leather goods, bags, and matching accessories made from exclusive materials. The products are offered under the brands like Alberta Ferretti, Philosophy, Moschino, and Pollini. Its geographical segments are Italy, Europe (excluding Italy), Asia and the rest of the world, and America. It earns majority of the revenue from Italy followed by Europe and Asia and Rest of the World.
28GF Score
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