Oman Flour Mills (MUS:OFMI) Sloan Ratio %: 1.67% (As of Dec. 2023)

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MUS:OFMI Oman Flour Mills MUS:OFMI
72 GF Score
Price ر.ع0.56
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What is Oman Flour Mills Sloan Ratio %?

Oman Flour Mills MUS:OFMI 72 Sloan Ratio % is 1.67% as of Dec. 2023. GuruFocus rates MUS:OFMI with a GF Score™ of 72/100.

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.

Oman Flour Mills's Sloan Ratio for the quarter that ended in Dec. 2023 was 1.67%.

As of Dec. 2023, Oman Flour Mills has a Sloan Ratio of 1.67%, indicating the company is in the safe zone and there is no funny business with accruals.


Oman Flour Mills  (MUS:OFMI) 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 Dec. 2023, Oman Flour Mills has a Sloan Ratio of 1.67%, indicating the company is in the safe zone and there is no funny business with accruals.


Oman Flour Mills Sloan Ratio % Related Terms


Oman Flour Mills Sloan Ratio % Historical Data

* Premium members only.

The historical data trend for Oman Flour Mills'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.

Oman Flour Mills Sloan Ratio % Chart

Oman Flour Mills Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.50 9.00 9.93 16.85 1.67

Oman Flour Mills Semi-Annual Data
Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Dec21 Dec22 Dec23
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 10.50 9.00 9.93 16.85 1.67

MUS:OFMI vs JBS, KHC, K: Sloan Ratio % Comparison

For the Packaged Foods subindustry, Oman Flour Mills'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.


Oman Flour Mills Sloan Ratio % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oman Flour Mills's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Oman Flour Mills's Sloan Ratio % falls into.


MUS:OFMI
72GF Score
Oman Flour Mills MUS:OFMI
Sloan Ratio % is just one metric. See GF Score™, valuation, warning signs, and more.
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Oman Flour Mills 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.

Oman Flour Mills'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 )
=(1.781-6.107
--7.074)/164.826
=1.67%

Oman Flour Mills's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(1.781-6.107
--7.074)/164.826
=1.67%

For company reported annually, GuruFocus uses latest annual data as the TTM data. Oman Flour Mills's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was ر.ع1.8 Mil.
Oman Flour Mills's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was ر.ع6.1 Mil.
Oman Flour Mills's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was ر.ع-7.1 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.

Frequently Asked Questions Learn more about Sloan Ratio % →
What does a Sloan Ratio % of 1.67% mean?
Oman Flour Mills (MUS:OFMI) has a Sloan Ratio % of 1.67% as of Dec. 2023. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Oman Flour Mills and its competitors.
Is Oman Flour Mills' Sloan Ratio % too high?
Oman Flour Mills' current Sloan Ratio % is 1.67%. Overall, Oman Flour Mills has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Oman Flour Mills' Sloan Ratio % compare to JBS and KHC?
Oman Flour Mills' Sloan Ratio % of 1.67% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Oman Flour Mills and its competitors. Oman Flour Mills's current Sloan Ratio % is 1.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Flour Mills stock overvalued right now?
Oman Flour Mills (MUS:OFMI) has a current Sloan Ratio % of 1.67%. The current Sloan Ratio % is 1.67%. Oman Flour Mills' overall GF Score™ is 72/100. 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 Oman Flour Mills (MUS:OFMI), the current Sloan Ratio % is 1.67% as of Dec. 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.

Oman Flour Mills Business Description

Address P.O. Box 566, Ruwi, OMN, 112
Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the sale of Feed and related products. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.
72GF Score

Get the complete analysis for MUS:OFMI

Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ر.ع0.56
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