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Technicolor Creative Studios (STU:Z6M0) Sloan Ratio % : 7.64% (As of Jun. 2023)


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What is Technicolor Creative Studios 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.

Technicolor Creative Studios's Sloan Ratio for the quarter that ended in Jun. 2023 was 7.64%.

As of Jun. 2023, Technicolor Creative Studios has a Sloan Ratio of 7.64%, indicating the company is in the safe zone and there is no funny business with accruals.


Technicolor Creative Studios Sloan Ratio % Historical Data

The historical data trend for Technicolor Creative Studios'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.

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Technicolor Creative Studios Sloan Ratio % Chart

Technicolor Creative Studios Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
-7.13 -9.17 -11.32 -1.75

Technicolor Creative Studios Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Sloan Ratio % Get a 7-Day Free Trial - -11.32 -4.64 -1.75 7.64

Competitive Comparison of Technicolor Creative Studios's Sloan Ratio %

For the Entertainment subindustry, Technicolor Creative Studios'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.


Technicolor Creative Studios's Sloan Ratio % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Technicolor Creative Studios's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Technicolor Creative Studios's Sloan Ratio % falls into.



Technicolor Creative Studios 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.

Technicolor Creative Studios's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(-99--22
--64)/744
=-1.75%

Technicolor Creative Studios's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2023 )
=(-82--77
--59)/707
=7.64%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Technicolor Creative Studios's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -95 (Dec. 2022 ) + 13 (Jun. 2023 ) = €-82.0 Mil.
Technicolor Creative Studios's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -20 (Dec. 2022 ) + -57 (Jun. 2023 ) = €-77.0 Mil.
Technicolor Creative Studios's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -39 (Dec. 2022 ) + -20 (Jun. 2023 ) = €-59.0 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.


Technicolor Creative Studios  (STU:Z6M0) 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 Jun. 2023, Technicolor Creative Studios has a Sloan Ratio of 7.64%, indicating the company is in the safe zone and there is no funny business with accruals.


Technicolor Creative Studios Sloan Ratio % Related Terms

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Technicolor Creative Studios Business Description

Traded in Other Exchanges
N/A
Address
8-10 rue du Renard, Paris, FRA, 75004
Technicolor Creative Studios is an independent provider of creative visual arts services. The group specializes in VFX and through its award-winning teams of artists and technologists partners with the creative community across Feature Film, Episodic, Animation, Brand Experience & Advertising, and Gaming to bring the universal art of visual storytelling to audiences everywhere.

Technicolor Creative Studios Headlines

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