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.
Feria de Osorno's Sloan Ratio for the quarter that ended in Mar. 2024 was -3.44%.
As of Mar. 2024, Feria de Osorno has a Sloan Ratio of -3.44%, indicating the company is in the safe zone and there is no funny business with accruals.
Feria de Osorno Sloan Ratio % Historical Data
The historical data trend for Feria de Osorno'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 Feria de Osorno's Sloan Ratio %
For the Farm Products subindustry, Feria de Osorno'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.
Feria de Osorno's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Feria de Osorno's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Feria de Osorno's Sloan Ratio % falls into.
Feria de Osorno 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.
Feria de Osorno's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Feria de Osorno's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1651.081 (Jun. 2023 ) + 511.938 (Sep. 2023 ) + 1031.131 (Dec. 2023 ) + 1923.472 (Mar. 2024 ) = CLP5,118 Mil.
Feria de Osorno's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 6070.418 (Jun. 2023 ) + 7975.722 (Sep. 2023 ) + 1949.18 (Dec. 2023 ) + -1741.613 (Mar. 2024 ) = CLP14,254 Mil.
Feria de Osorno's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -659.368 (Jun. 2023 ) + -695.644 (Sep. 2023 ) + -2328.81 (Dec. 2023 ) + -965.263 (Mar. 2024 ) = CLP-4,649 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.
Feria de Osorno (XSGO:FERIAOSOR) 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 Mar. 2024, Feria de Osorno has a Sloan Ratio of -3.44%, indicating the company is in the safe zone and there is no funny business with accruals.
Feria de Osorno Sloan Ratio % Related Terms
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Feria de Osorno SA engaged in the production, distribution, import, export andmarketing of food intended for human consumption, especially dairy and meat.. It operates in the farming and agricultural sectors. Its activities include raising, auction and promotion of livestock, processing and export of meat products, distribution of agricultural machinery and equipment.
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