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Anadolu Efes Biracilik ve Maltnayi AS (Anadolu Efes Biracilik ve Maltnayi AS) Sloan Ratio % : 4.11% (As of Dec. 2023)


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What is Anadolu Efes Biracilik ve Maltnayi AS Sloan Ratio %?

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.

Anadolu Efes Biracilik ve Maltnayi AS's Sloan Ratio for the quarter that ended in Dec. 2023 was 4.11%.

As of Dec. 2023, Anadolu Efes Biracilik ve Maltnayi AS has a Sloan Ratio of 4.11%, indicating the company is in the safe zone and there is no funny business with accruals.


Anadolu Efes Biracilik ve Maltnayi AS Sloan Ratio % Historical Data

The historical data trend for Anadolu Efes Biracilik ve Maltnayi AS'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.

* Premium members only.

Anadolu Efes Biracilik ve Maltnayi AS Sloan Ratio % Chart

Anadolu Efes Biracilik ve Maltnayi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.48 -5.23 -1.42 7.92 4.03

Anadolu Efes Biracilik ve Maltnayi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.71 8.63 9.24 9.19 4.11

Competitive Comparison of Anadolu Efes Biracilik ve Maltnayi AS's Sloan Ratio %

For the Beverages - Brewers subindustry, Anadolu Efes Biracilik ve Maltnayi AS'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.


Anadolu Efes Biracilik ve Maltnayi AS's Sloan Ratio % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anadolu Efes Biracilik ve Maltnayi AS's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Anadolu Efes Biracilik ve Maltnayi AS's Sloan Ratio % falls into.



Anadolu Efes Biracilik ve Maltnayi AS 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.

Anadolu Efes Biracilik ve Maltnayi AS's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(761.016-768.004
--374.79)/9121.139
=4.03%

Anadolu Efes Biracilik ve Maltnayi AS's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(803.431-868.881
--440.729)/9121.139
=4.11%

Anadolu Efes Biracilik ve Maltnayi AS's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 21.502 (Mar. 2023 ) + 121.202 (Jun. 2023 ) + 175.255 (Sep. 2023 ) + 485.472 (Dec. 2023 ) = $803 Mil.
Anadolu Efes Biracilik ve Maltnayi AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 19.279 (Mar. 2023 ) + 369.129 (Jun. 2023 ) + 361.948 (Sep. 2023 ) + 118.525 (Dec. 2023 ) = $869 Mil.
Anadolu Efes Biracilik ve Maltnayi AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -127.179 (Mar. 2023 ) + -79.718 (Jun. 2023 ) + -99.327 (Sep. 2023 ) + -134.505 (Dec. 2023 ) = $-441 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.


Anadolu Efes Biracilik ve Maltnayi AS  (OTCPK:AEBZY) 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.

According to How to Beat the Market with the Sloan Ratio:

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, Anadolu Efes Biracilik ve Maltnayi AS has a Sloan Ratio of 4.11%, indicating the company is in the safe zone and there is no funny business with accruals.


Anadolu Efes Biracilik ve Maltnayi AS Sloan Ratio % Related Terms

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Anadolu Efes Biracilik ve Maltnayi AS (Anadolu Efes Biracilik ve Maltnayi AS) Business Description

Traded in Other Exchanges
Address
Fatih Sultan Mehmet Mah. Balkan Cad. No:58, Buyaka E Blok Tepeüstü, Istanbul, TUR, 34771
Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under a number of different brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. Sparkling and still beverages account for more than half of the company's total revenue. Beer sales account for the remaining revenue, with beer sales outside of Turkey (mainly in Russia, Kazakhstan, Georgia, and Moldova) collectively providing more revenue than beer sales in Turkey. The company has breweries, bottling plants, and other production facilities in more than a dozen countries, primarily Turkey and Russia.

Anadolu Efes Biracilik ve Maltnayi AS (Anadolu Efes Biracilik ve Maltnayi AS) Headlines