What is Americana Restaurants International Sloan Ratio %?
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.
As of Mar. 2024, Americana Restaurants International has a Sloan Ratio of 4.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Americana Restaurants International Sloan Ratio % Historical Data
* 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.
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Americana Restaurants International Sloan Ratio % Chart
Competitive Comparison of Americana Restaurants International's Sloan Ratio %
For the Restaurants subindustry, Americana Restaurants International'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.
Americana Restaurants International's Sloan Ratio % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Americana Restaurants International's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Americana Restaurants International's Sloan Ratio % falls into.
Americana Restaurants International 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.
Americana Restaurants International's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 324.923 (Jun. 2023 ) + 307.267 (Sep. 2023 ) + 122.895 (Dec. 2023 ) + 105.1 (Mar. 2024 ) = ﷼860 Mil.
Americana Restaurants International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 651.624 (Jun. 2023 ) + 698.403 (Sep. 2023 ) + 332.927 (Dec. 2023 ) + 153.135 (Mar. 2024 ) = ﷼1,836 Mil.
Americana Restaurants International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -791.625 (Jun. 2023 ) + -468.352 (Sep. 2023 ) + -306.164 (Dec. 2023 ) + 309.509 (Mar. 2024 ) = ﷼-1,257 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.
Americana Restaurants International (SAU:6015) 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 Mar. 2024, Americana Restaurants International has a Sloan Ratio of 4.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Americana Restaurants International Sloan Ratio % Related Terms
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Americana Restaurants International (SAU:6015) Business Description
Americana Restaurants International PLC is a diversified, pan-regional restaurant platform operator. It operates iconic brands such as KFC, Pizza Hut, Hardee's, Krispy Kreme, and TGI Fridays, along with proprietary brands such as Wimpy and Chicken Tikka. The Group operates restaurants under a portfolio of different brands across key consumer verticals and occasions, including key Quick Service Restaurant (QSR) categories (chicken, burger, and pizza), fast casual, casual dining, indulgence, and coffee concepts. Its reportable business segments are; the Major Gulf Cooperation Council countries which include KSA, Kuwait, and UAE, Lower Gulf countries (comprising of Qatar, Oman, and Bahrain), North Africa (Egypt and Morocco), and Others (Kazakhstan, Iraq, Lebanon, and Jordan).
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