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.
Weyco Group's Sloan Ratio for the quarter that ended in Dec. 2023 was -21.72%.
As of Dec. 2023, Weyco Group has a Sloan Ratio of -21.72%, indicating there is a warning stage of accrual build up.
Weyco Group Sloan Ratio % Historical Data
The historical data trend for Weyco Group'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 Weyco Group's Sloan Ratio %
For the Footwear & Accessories subindustry, Weyco Group'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.
Weyco Group's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Weyco Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Weyco Group's Sloan Ratio % falls into.
Weyco Group 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.
Weyco Group's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Weyco Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 7.445 (Mar. 2023 ) + 4.864 (Jun. 2023 ) + 9.337 (Sep. 2023 ) + 8.542 (Dec. 2023 ) = $30.2 Mil.
Weyco Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 22.986 (Mar. 2023 ) + 20.595 (Jun. 2023 ) + 19.357 (Sep. 2023 ) + 35.693 (Dec. 2023 ) = $98.6 Mil.
Weyco Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.149 (Mar. 2023 ) + -0.222 (Jun. 2023 ) + -1.179 (Sep. 2023 ) + 0.308 (Dec. 2023 ) = $-1.2 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.
Weyco Group (NAS:WEYS) 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, Weyco Group has a Sloan Ratio of -21.72%, indicating there is a warning stage of accrual build up.
Weyco Group Sloan Ratio % Related Terms
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Weyco Group Inc is a company, engaged in the manufacturing, designing and distribution of footwear. The company designs and markets footwear for men, women, and children. The company organizes its business into two segments; the North American wholesale and the North American retail segment. It markets its apparel, accessories, and footwear under the brand name of Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The company has operational footprints in the United States, Canada, Europe, Asia, and Australia among others. It generates a majority of its revenue from the United States.
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