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.
Uac Of Nigeria's Sloan Ratio for the quarter that ended in Dec. 2024 was 6.26%.
As of Dec. 2024, Uac Of Nigeria has a Sloan Ratio of 6.26%, indicating the company is in the safe zone and there is no funny business with accruals.
Uac Of Nigeria Sloan Ratio % Historical Data
The historical data trend for Uac Of Nigeria'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 Uac Of Nigeria's Sloan Ratio %
For the Farm Products subindustry, Uac Of Nigeria'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.
Uac Of Nigeria's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Uac Of Nigeria's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Uac Of Nigeria'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.
Uac Of Nigeria's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Uac Of Nigeria's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 5412.162 (Mar. 2024 ) + 3494.795 (Jun. 2024 ) + 3549.657 (Sep. 2024 ) + 2624.531 (Dec. 2024 ) = ₦15,081 Mil. Uac Of Nigeria's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 55.987 (Mar. 2024 ) + 8333.191 (Jun. 2024 ) + 4381.615 (Sep. 2024 ) + -6292.624 (Dec. 2024 ) = ₦6,478 Mil. Uac Of Nigeria's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -379.032 (Mar. 2024 ) + -184.792 (Jun. 2024 ) + -1873.464 (Sep. 2024 ) + 1231.018 (Dec. 2024 ) = ₦-1,206 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.
Uac Of Nigeria (NSA:UACN) 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, Uac Of Nigeria has a Sloan Ratio of 6.26%, indicating the company is in the safe zone and there is no funny business with accruals.
Uac Of Nigeria Sloan Ratio % Related Terms
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Uac Of Nigeria PLC is a Nigeria-based diversified company. Its segments include Animal feeds and other Edibles, Paints, Packaged Food, Quick Service Restaurants, and Others. Animal feeds and other Edibles involved in the manufacturing and sale of animal feeds, cereal, and edible oil. The Packaged Food segment involves the manufacturing and sale of food items, livestock feeds, bottled water, fruit juices, and ice cream. Its paint segment manufactures and sells paint products and other decorative. QSR is involved in the making and sale of snacks and meals, and Others is a non-reportable segment made up of the corporate head office. It generates maximum revenue from the Animal feeds and other Edibles segments. Geographically, it derives a majority of revenue from the Nigeria segment.
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