Standard Diversified (Standard Diversified) Sloan Ratio % : -11.14% (As of Mar. 2020)

Standard Diversified Sloan Ratio % Chart

Standard Diversified Annual Data
	Trend	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
Sloan Ratio %		Get a 7-Day Free Trial					-56.36	25.85	-11.19	7.84	-11.53

Standard Diversified Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Sloan Ratio %	Get a 7-Day Free Trial															6.13	-2.03	-8.19	-11.53	-11.14

Competitive Comparison of Standard Diversified's Sloan Ratio %

For the Tobacco subindustry, Standard Diversified'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.

Standard Diversified's Sloan Ratio % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Standard Diversified's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Standard Diversified's Sloan Ratio % falls into.

Standard Diversified 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.

Standard Diversified's Sloan Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Standard Diversified's Sloan Ratio for the quarter that ended in Mar. 2020 is calculated as

Standard Diversified's Net Income for the trailing twelve months (TTM) ended in Mar. 2020 was 0.962 (Jun. 2019 ) + 0.234 (Sep. 2019 ) + -8.276 (Dec. 2019 ) + -3.317 (Mar. 2020 ) = $-10.4 Mil.
Standard Diversified's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2020 was 2.647 (Jun. 2019 ) + -6.901 (Sep. 2019 ) + 14.491 (Dec. 2019 ) + 11.582 (Mar. 2020 ) = $21.8 Mil.
Standard Diversified's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2020 was 5.591 (Jun. 2019 ) + 15.987 (Sep. 2019 ) + 4.973 (Dec. 2019 ) + -5.714 (Mar. 2020 ) = $20.8 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.

Standard Diversified  (AMEX:SDI) 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 Mar. 2020, Standard Diversified has a Sloan Ratio of -11.14%, indicating there is a warning stage of accrual build up.

Standard Diversified Sloan Ratio % Related Terms

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Standard Diversified (Standard Diversified) Business Description