What is Village Farms International 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 Dec. 2023, Village Farms International has a Sloan Ratio of -6.61%, indicating the company is in the safe zone and there is no funny business with accruals.
Village Farms International 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.
Competitive Comparison of Village Farms International's Sloan Ratio %
For the Farm Products subindustry, Village Farms International'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.
Village Farms International's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Village Farms International's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Village Farms International's Sloan Ratio % falls into.
Village Farms International 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.
Village Farms International's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -6.636 (Mar. 2023 ) + -1.38 (Jun. 2023 ) + -1.299 (Sep. 2023 ) + -22.483 (Dec. 2023 ) = $-31.8 Mil.
Village Farms International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -3.668 (Mar. 2023 ) + -1.579 (Jun. 2023 ) + 12.052 (Sep. 2023 ) + -1.49 (Dec. 2023 ) = $5.3 Mil.
Village Farms International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1.076 (Mar. 2023 ) + -0.637 (Jun. 2023 ) + -1.81 (Sep. 2023 ) + -2.708 (Dec. 2023 ) = $-6.2 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.
Village Farms International (NAS:VFF) 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 Dec. 2023, Village Farms International has a Sloan Ratio of -6.61%, indicating the company is in the safe zone and there is no funny business with accruals.
Village Farms International Sloan Ratio % Related Terms
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Village Farms International (Village Farms International) Business Description
Village Farms International Inc owns and operates intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells tomatoes, bell peppers and cucumbers. Its wholly owned subsidiary, Pure Sunfarms, is a vertically integrated licensed producer and supplier of cannabis products sold to other licensed providers and provincial governments across Canada and internationally. The Company's wholly owned subsidiary, Balanced Health, develops and sells, cannabidiol (CBD) based products including ingestible, edible and topical applications. Through its 70% ownership of Rose, the Company has a presence in the Province of Quebec as a cannabis supplier, producer and commercialization.
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