What is Ollie's Bargain Outlet Holdings 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 Jan. 2024, Ollie's Bargain Outlet Holdings has a Sloan Ratio of 3.40%, indicating the company is in the safe zone and there is no funny business with accruals.
Ollie's Bargain Outlet Holdings 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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Ollie's Bargain Outlet Holdings Sloan Ratio % Chart
Competitive Comparison of Ollie's Bargain Outlet Holdings's Sloan Ratio %
For the Discount Stores subindustry, Ollie's Bargain Outlet Holdings'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.
Ollie's Bargain Outlet Holdings's Sloan Ratio % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Ollie's Bargain Outlet Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ollie's Bargain Outlet Holdings's Sloan Ratio % falls into.
Ollie's Bargain Outlet Holdings 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.
Ollie's Bargain Outlet Holdings's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was 28.254 (Apr. 2023 ) + 38.132 (Jul. 2023 ) + 30.117 (Oct. 2023 ) + 70.204 (Jan. 2024 ) = €167 Mil.
Ollie's Bargain Outlet Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was 32.715 (Apr. 2023 ) + 66.799 (Jul. 2023 ) + 1.038 (Oct. 2023 ) + 131.858 (Jan. 2024 ) = €232 Mil.
Ollie's Bargain Outlet Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was -90.572 (Apr. 2023 ) + -12.879 (Jul. 2023 ) + -11.121 (Oct. 2023 ) + -22.754 (Jan. 2024 ) = €-137 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.
Ollie's Bargain Outlet Holdings (STU:OL6) 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 Jan. 2024, Ollie's Bargain Outlet Holdings has a Sloan Ratio of 3.40%, indicating the company is in the safe zone and there is no funny business with accruals.
Ollie's Bargain Outlet Holdings Sloan Ratio % Related Terms
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Ollie's Bargain Outlet Holdings (STU:OL6) Business Description
Ollie's Bargain Outlet Holdings Inc is a retailer of brand-name merchandise at drastically reduced prices. It offers customers a selection of brand-name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market strategy is characterized by a unique, fun, and engaging treasure hunt shopping experience, compelling customer value proposition, and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and strong and consistent store performance for the company.
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