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Stadler Rail AG (Stadler Rail AG) Sloan Ratio % : -12.36% (As of Dec. 2023)


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What is Stadler Rail AG 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.

Stadler Rail AG's Sloan Ratio for the quarter that ended in Dec. 2023 was -12.36%.

As of Dec. 2023, Stadler Rail AG has a Sloan Ratio of -12.36%, indicating there is a warning stage of accrual build up.


Stadler Rail AG Sloan Ratio % Historical Data

The historical data trend for Stadler Rail AG'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.

* Premium members only.

Stadler Rail AG Sloan Ratio % Chart

Stadler Rail AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial 14.76 14.01 -4.69 -3.67 -12.55

Stadler Rail AG Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 -4.66 -6.20 -3.71 -9.46 -12.36

Competitive Comparison of Stadler Rail AG's Sloan Ratio %

For the Railroads subindustry, Stadler Rail AG'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.


Stadler Rail AG's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stadler Rail AG's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Stadler Rail AG's Sloan Ratio % falls into.



Stadler Rail AG 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.

Stadler Rail AG'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 )
=(143.753-1046.812
--176.196)/5791.6
=-12.55%

Stadler Rail AG'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 )
=(142.584-1031.067
--172.556)/5791.6
=-12.36%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Stadler Rail AG's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 28.411 (Jun. 2023 ) + 114.173 (Dec. 2023 ) = $143 Mil.
Stadler Rail AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 382.473 (Jun. 2023 ) + 648.594 (Dec. 2023 ) = $1,031 Mil.
Stadler Rail AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -88.422 (Jun. 2023 ) + -84.134 (Dec. 2023 ) = $-173 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.


Stadler Rail AG  (OTCPK:SRAIF) 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, Stadler Rail AG has a Sloan Ratio of -12.36%, indicating there is a warning stage of accrual build up.


Stadler Rail AG Sloan Ratio % Related Terms

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Stadler Rail AG (Stadler Rail AG) Business Description

Traded in Other Exchanges
Address
Ernst-Stadler-Strasse 1, Bussnang, CHE, 9565
Stadler Rail AG is a Switzerland based producer of rolling stock and related systems. The company operates in three reportable segments that are Rolling Stock segment which include the manufacturing of various types of rail vehicles. The Service & Components segment offers full service, modernization and revision, spare parts service, and vehicle repairs, including the maintenance and assessment of defects, and Signalling segment develops and distributes various signalling solutions for vehicles and infrastructures. Geographically the company operates in Germany, Austria, Switzerland, Western Europe, Eastern Europe, America, CIS and Rest of the world.

Stadler Rail AG (Stadler Rail AG) Headlines

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