What is A&W Revenue Royaltiesome Fund 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.
As of Jun. 2023, A&W Revenue Royaltiesome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
A&W Revenue Royaltiesome Fund 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 A&W Revenue Royaltiesome Fund's Sloan Ratio %
For the Restaurants subindustry, A&W Revenue Royaltiesome Fund'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.
A&W Revenue Royaltiesome Fund's Sloan Ratio % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, A&W Revenue Royaltiesome Fund's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where A&W Revenue Royaltiesome Fund's Sloan Ratio % falls into.
A&W Revenue Royaltiesome Fund 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.
A&W Revenue Royaltiesome Fund's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 5.86 (Sep. 2022 ) + 7.116 (Dec. 2022 ) + 4.4 (Mar. 2023 ) + 6.748 (Jun. 2023 ) = $24.12 Mil.
A&W Revenue Royaltiesome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 8.005 (Sep. 2022 ) + 9.706 (Dec. 2022 ) + 1.679 (Mar. 2023 ) + 6.964 (Jun. 2023 ) = $26.35 Mil.
A&W Revenue Royaltiesome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was 0 (Sep. 2022 ) + 0 (Dec. 2022 ) + 0 (Mar. 2023 ) + 0 (Jun. 2023 ) = $0.00 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.
A&W Revenue Royaltiesome Fund (OTCPK:AWRRF) 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. 2023, A&W Revenue Royaltiesome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
A&W Revenue Royaltiesome Fund Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of A&W Revenue Royaltiesome Fund's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
A&W Revenue Royaltiesome Fund (A&W Revenue Royaltiesome Fund) Business Description
A&W Revenue Royalties Income Fund is a limited purpose trust established to invest in A&W Trade Marks Inc, which through its ownership interest in A&W Trade Marks Limited Partnership owns the A&W trade-marks used in the A&W quick service restaurant business in Canada. The company has opened approximately 32 locations, bringing the total number of A&W restaurants to approximately 854, of which almost 845 are franchised and nine are owned and operated corporately. It has granted A&W Food Services of Canada Inc, a license to use the A&W trade-marks to market Root Beer in cans and bottles to the retail grocery trade as well as its acts as a franchisor of hamburger quick-service restaurants in Canada.
A&W Revenue Royaltiesome Fund (A&W Revenue Royaltiesome Fund) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AWRRF has been successfully added to your 