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.
Synergie SE's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.75%.
As of Dec. 2023, Synergie SE has a Sloan Ratio of -0.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Synergie SE Sloan Ratio % Historical Data
The historical data trend for Synergie SE'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 Synergie SE's Sloan Ratio %
For the Staffing & Employment Services subindustry, Synergie SE'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.
Synergie SE's Sloan Ratio % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Synergie SE's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Synergie SE's Sloan Ratio % falls into.
Synergie SE 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.
Synergie SE's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Synergie SE's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 38.946 (Jun. 2023 ) + 35.924 (Dec. 2023 ) = €75 Mil.
Synergie SE's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 52.58 (Jun. 2023 ) + 52.63 (Dec. 2023 ) = €105 Mil.
Synergie SE's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -30.115 (Jun. 2023 ) + 10.651 (Dec. 2023 ) = €-19 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.
Synergie SE (XPAR:SDG) 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, Synergie SE has a Sloan Ratio of -0.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Synergie SE Sloan Ratio % Related Terms
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Synergie SE is a French company which is engaged in providing companies and institutions with global human resources management and development services including recruitment, temporary employment, training and consultancy, out-placement and social engineering. The company serves its customer in tertiary sectors, cutting-edge industries such as aeronautics and renewable energy, construction and public works, market research, retail, services and new information and communications technologies. The company's revenue comprises billing or human resources management services. It provides its services in France, Belgium, Italy, Spain, Portugal, Canada, and Australia. The majority of the company's revenue comes from France.
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