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.
Universal Robina's Sloan Ratio for the quarter that ended in Sep. 2024 was -1.51%.
As of Sep. 2024, Universal Robina has a Sloan Ratio of -1.51%, indicating the company is in the safe zone and there is no funny business with accruals.
Universal Robina Sloan Ratio % Historical Data
The historical data trend for Universal Robina'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.
Competitive Comparison of Universal Robina's Sloan Ratio %
For the Packaged Foods subindustry, Universal Robina'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.
Universal Robina's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Universal Robina's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Universal Robina's Sloan Ratio % falls into.
Universal Robina 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.
Universal Robina's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Universal Robina's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 40.915 (Dec. 2023 ) + 71.972 (Mar. 2024 ) + 42.681 (Jun. 2024 ) + 24.718 (Sep. 2024 ) = $180 Mil. Universal Robina's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 18.856 (Dec. 2023 ) + 98.77 (Mar. 2024 ) + 71.07 (Jun. 2024 ) + 162.483 (Sep. 2024 ) = $351 Mil. Universal Robina's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -25.708 (Dec. 2023 ) + -33.671 (Mar. 2024 ) + -21.223 (Jun. 2024 ) + -41.846 (Sep. 2024 ) = $-122 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.
Universal Robina (OTCPK:UVRBF) 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 Sep. 2024, Universal Robina has a Sloan Ratio of -1.51%, indicating the company is in the safe zone and there is no funny business with accruals.
Universal Robina Sloan Ratio % Related Terms
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Universal Robina Corp is a branded consumer food and beverage product company, originally from the Philippines. It is mainly present in the Association of Southeast Asian Nations, or ASEAN, markets, but the company also exports to markets in Japan, Korea, the U.S., Europe, the Middle East, and West Africa. URC's food-related businesses consist of manufacturing and distribution of branded consumer foods, commodities (mainly sugar and flour), milling of hogs and animal feed, and related products. URC's main regional brands are Jack 'n Jill, for snack foods; C2, for ready-to-drink tea; and Great Taste, for coffee. Its segment comprises Branded Consumer Food, Agro-Industrial Products and Commodity Food Products, and corporate Business.
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