GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Leef Brands Inc (STU:H3G) » Definitions » Sloan Ratio %

Leef Brands (STU:H3G) Sloan Ratio % : -30.22% (As of Sep. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Leef Brands 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.

Leef Brands's Sloan Ratio for the quarter that ended in Sep. 2024 was -30.22%.

Warning Sign:

When sloan ratio (-63.78)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2024, Leef Brands has a Sloan Ratio of -30.22%, indicating earnings are more likely to be made up of accruals.


Leef Brands Sloan Ratio % Historical Data

The historical data trend for Leef Brands'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.

Leef Brands Sloan Ratio % Chart

Leef Brands Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul19 Jul20 Jul21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.68 -7.98 -7.76 -40.11 -63.78

Leef Brands Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -81.71 -63.97 -57.64 -17.79 -30.22

Competitive Comparison of Leef Brands's Sloan Ratio %

For the Drug Manufacturers - Specialty & Generic subindustry, Leef Brands'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.


Leef Brands's Sloan Ratio % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Leef Brands's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Leef Brands's Sloan Ratio % falls into.



Leef Brands 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.

Leef Brands'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 )
=(-31.367-0.909
--6.679)/40.135
=-63.78%

Leef Brands's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(-17.451-0.97
--6.149)/40.609
=-30.22%

Leef Brands's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -9.573 (Dec. 2023 ) + -1.348 (Mar. 2024 ) + -3.659 (Jun. 2024 ) + -2.871 (Sep. 2024 ) = €-17.45 Mil.
Leef Brands's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 1.033 (Dec. 2023 ) + 0.255 (Mar. 2024 ) + 0.1 (Jun. 2024 ) + -0.418 (Sep. 2024 ) = €0.97 Mil.
Leef Brands's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -1.348 (Dec. 2023 ) + -1.447 (Mar. 2024 ) + -1.805 (Jun. 2024 ) + -1.549 (Sep. 2024 ) = €-6.15 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.


Leef Brands  (STU:H3G) 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 Sep. 2024, Leef Brands has a Sloan Ratio of -30.22%, indicating earnings are more likely to be made up of accruals.


Leef Brands Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Leef Brands's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Leef Brands Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7
Leef Brands Inc is a manufacturer of cannabis-branded products manufacturer based in California. It offers products under brand names like Real Deal Resin, Ganja Gold, Heady, and Leef. Geographically, it derives a majority of its revenue from the United States. It has one operation of the Company located in Canada and the United States. The Company has one reportable business segment in the cannabis sector. It generates the majority of its revenue from the USA.

Leef Brands Headlines

No Headlines