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.
Ariston Holdings's Sloan Ratio for the quarter that ended in Mar. 2024 was -35,498.45%.
As of Mar. 2024, Ariston Holdings has a Sloan Ratio of -35,498.45%, indicating there is a warning stage of accrual build up.
Ariston Holdings Sloan Ratio % Historical Data
The historical data trend for Ariston Holdings'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 Ariston Holdings's Sloan Ratio %
For the Farm Products subindustry, Ariston Holdings'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.
Ariston Holdings's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ariston Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ariston Holdings's Sloan Ratio % falls into.
Ariston Holdings 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.
Ariston Holdings's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Ariston Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -9918843.542 (Sep. 2023 ) + -676.521 (Mar. 2024 ) = ZWL-9,919,520 Mil.
Ariston Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -4928978.963 (Sep. 2023 ) + -91.77 (Mar. 2024 ) = ZWL-4,929,071 Mil.
Ariston Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1354159.023 (Sep. 2023 ) + -24.15 (Mar. 2024 ) = ZWL-1,354,183 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.
Ariston Holdings (XZIM:ARIS.ZW) 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, Ariston Holdings has a Sloan Ratio of -35,498.45%, indicating there is a warning stage of accrual build up.
Ariston Holdings Sloan Ratio % Related Terms
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Ariston Holdings (XZIM:ARIS.ZW) Business Description
Ariston Holdings Ltd is an agro-industrial company. Its principal activities are farming operations which include, tea, macadamia nuts, horticulture, deciduous fruits, fishery, and poultry. The company is organized into three operating divisions. The Southdown Estates division is engaged in the growing and manufacturing of tea, macadamia nuts, avocados, potatoes, and bananas as well as generates maximum revenue. Claremont Estate division is engaged in the growing of pome and stone fruit, passion fruit, and potatoes. Kent Estate division engages in the growing of horticultural crops, and the rearing of poultry and livestock.
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