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KAITORI OKOKU Co (TSE:3181) Sloan Ratio % : 0.00% (As of Aug. 2024)


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What is KAITORI OKOKU Co 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.

KAITORI OKOKU Co's Sloan Ratio for the quarter that ended in Aug. 2024 was 0.00%.

As of Aug. 2024, KAITORI OKOKU Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


KAITORI OKOKU Co Sloan Ratio % Historical Data

The historical data trend for KAITORI OKOKU Co'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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KAITORI OKOKU Co Sloan Ratio % Chart

KAITORI OKOKU Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.69 -6.39 10.61 4.70 2.60

KAITORI OKOKU Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 - - - - -

Competitive Comparison of KAITORI OKOKU Co's Sloan Ratio %

For the Specialty Retail subindustry, KAITORI OKOKU Co'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.


KAITORI OKOKU Co's Sloan Ratio % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, KAITORI OKOKU Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where KAITORI OKOKU Co's Sloan Ratio % falls into.



KAITORI OKOKU Co 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.

KAITORI OKOKU Co's Sloan Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2024 )-Cash Flow from Operations (A: Feb. 2024 )
-Cash Flow from Investing (A: Feb. 2024 ))/Total Assets (A: Feb. 2024 )
=(360.396-354.603
--109.609)/4446.87
=2.60%

KAITORI OKOKU Co's Sloan Ratio for the quarter that ended in Aug. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Aug. 2024 )
=(359.878-0
-0)/5155.137
=6.98%

KAITORI OKOKU Co's Net Income for the trailing twelve months (TTM) ended in Aug. 2024 was 98.686 (Nov. 2023 ) + 109.325 (Feb. 2024 ) + 109.229 (May. 2024 ) + 42.638 (Aug. 2024 ) = 円360 Mil.
KAITORI OKOKU Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2024 was 0 (Nov. 2023 ) + 0 (Feb. 2024 ) + 0 (May. 2024 ) + 0 (Aug. 2024 ) = 円0 Mil.
KAITORI OKOKU Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2024 was 0 (Nov. 2023 ) + 0 (Feb. 2024 ) + 0 (May. 2024 ) + 0 (Aug. 2024 ) = 円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.


KAITORI OKOKU Co  (TSE:3181) 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 Aug. 2024, KAITORI OKOKU Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


KAITORI OKOKU Co Sloan Ratio % Related Terms

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KAITORI OKOKU Co Business Description

Traded in Other Exchanges
N/A
Address
5-12 Kawanishidori, Minato-ku, Nagoya, JPN, 455-0073
KAITORI OKOKU Co Ltd sells used merchandise & secondhand products. It offers old clothing, fashion goods, hobby products, miscellaneous goods, trading cards, digital consumer electronics, CDs, DVDs, games, books, watches, jewelry products, precious metals, and apparel accessories.

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