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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.
Venator Materials's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.
As of Dec. 2023, Venator Materials has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Venator Materials (OTCPK:VNTRF) 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, Venator Materials has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Venator Materials Sloan Ratio % Related Terms
Venator Materials Sloan Ratio % Historical Data
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The historical data trend for Venator Materials'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.
VNTRF vs PVNNF, ETCK, CRKN: Sloan Ratio % Comparison
For the Specialty Chemicals subindustry, Venator Materials'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.
Venator Materials Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Venator Materials's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Venator Materials's Sloan Ratio % falls into.
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.
Venator Materials's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Venator Materials's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -50 (Sep. 2022 ) + -843 (Dec. 2022 ) + -170 (Mar. 2023 ) + 0 (Dec. 2023 ) = $-1,063 Mil.
Venator Materials's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -74 (Sep. 2022 ) + -27 (Dec. 2022 ) + -120 (Mar. 2023 ) + 0 (Dec. 2023 ) = $-221 Mil.
Venator Materials's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -19 (Sep. 2022 ) + 31 (Dec. 2022 ) + 111 (Mar. 2023 ) + 0 (Dec. 2023 ) = $123 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.
Venator Materials (VNTRF) has a Sloan Ratio % of 0.00% as of Dec. 2023. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Venator Materials and its competitors.
Is Venator Materials' Sloan Ratio % too high?
Venator Materials' current Sloan Ratio % is 0.00%. Overall, Venator Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Venator Materials' Sloan Ratio % compare to PVNNF and ETCK?
Venator Materials' Sloan Ratio % of 0.00% can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Chemicals company?
A good Sloan Ratio % depends on the Chemicals industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Venator Materials and its competitors. Venator Materials's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Venator Materials stock overvalued right now?
Venator Materials (VNTRF) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Venator Materials' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Venator Materials (VNTRF), the current Sloan Ratio % is 0.00% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Venator Materials PLC is a manufacturer and marketer of chemical products. Its products comprise a broad range of pigments and additives such as TiO2, color pigments, functional additives, timber treatment, and water treatment products. The company markets its products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of its TiO2 business, and Performance Additives, which consists of functional additives, color pigments, timber treatment, and water treatment businesses. It derives a majority of its revenue from the Titanium Dioxide segment. Geographically, the company generates maximum revenue from the United States, and the rest from Germany, the United Kingdom, China, Italy, Spain, France, India, and other nations.
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