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 Jun. 2024, Accelleron Industries AG has a Sloan Ratio of 8.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Accelleron Industries AG 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 Accelleron Industries AG's Sloan Ratio %
For the Aerospace & Defense subindustry, Accelleron Industries AG'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.
Accelleron Industries AG's Sloan Ratio % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Accelleron Industries AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Accelleron Industries AG's Sloan Ratio % falls into.
Accelleron Industries AG 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.
Accelleron Industries AG'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.
Accelleron Industries AG's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 50.16 (Dec. 2023 ) + 75.684 (Jun. 2024 ) = CHF125.8 Mil.
Accelleron Industries AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 107.626 (Dec. 2023 ) + 37.988 (Jun. 2024 ) = CHF145.6 Mil.
Accelleron Industries AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -100.685 (Dec. 2023 ) + -10.735 (Jun. 2024 ) = CHF-111.4 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.
Accelleron Industries AG (XSWX:ACLN) 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 Jun. 2024, Accelleron Industries AG has a Sloan Ratio of 8.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Accelleron Industries AG Sloan Ratio % Related Terms
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Accelleron Industries AG develop, produce and service turbochargers and digital solutions that make engines powerful and efficient. The company's solutions and services include Marine, Power, Oil & Gas, Rail. Its advanced products are used in a wide range of sectors including marine, energy and rail. The Company operates the business in the global turbocharger market for heavy duty 500 kilowatts and higher applications in two operating segments which are High Speed: which produces and services turbochargers with power outputs ranging from 500 to 5,000 kilowatts. High Speed turbochargers are used mainly in marine, electric power generation, oil & gas onshore and off-highway sites.Medium & Low Speed: produces and services turbochargers with power outputs from 3,000 to 30,000 kilowatts.
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