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Getlink SE (Getlink SE) Sloan Ratio % : -6.21% (As of Dec. 2023)


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What is Getlink SE 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.

Getlink SE's Sloan Ratio for the quarter that ended in Dec. 2023 was -6.21%.

As of Dec. 2023, Getlink SE has a Sloan Ratio of -6.21%, indicating the company is in the safe zone and there is no funny business with accruals.


Getlink SE Sloan Ratio % Historical Data

The historical data trend for Getlink SE'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.

Getlink SE Sloan Ratio % Chart

Getlink SE 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 -2.41 -4.52 -5.47 -7.87 -6.24

Getlink SE Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 -5.63 -5.10 -7.87 -9.72 -6.21

Competitive Comparison of Getlink SE's Sloan Ratio %

For the Railroads subindustry, Getlink SE'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.


Getlink SE's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Getlink SE's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Getlink SE's Sloan Ratio % falls into.



Getlink SE 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.

Getlink SE'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 )
=(355.507-1129.771
--160.305)/9844.057
=-6.24%

Getlink SE'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 )
=(354.383-1125.949
--159.936)/9844.057
=-6.21%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Getlink SE's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 171.802 (Jun. 2023 ) + 182.581 (Dec. 2023 ) = $354 Mil.
Getlink SE's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 584.155 (Jun. 2023 ) + 541.794 (Dec. 2023 ) = $1,126 Mil.
Getlink SE's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -56.517 (Jun. 2023 ) + -103.419 (Dec. 2023 ) = $-160 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.


Getlink SE  (OTCPK:GRPTF) 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, Getlink SE has a Sloan Ratio of -6.21%, indicating the company is in the safe zone and there is no funny business with accruals.


Getlink SE Sloan Ratio % Related Terms

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Getlink SE (Getlink SE) Business Description

Traded in Other Exchanges
Address
37-39, Rue de la Bienfaisance, Paris, FRA, 75008
Getlink SE is a French industrial company focused on road and passenger transportation. The company is organized into four segments: the Eurotunnel segment, the Europorte segment, the ElecLink segment, and the Getlink segment. The Eurotunnel segment contributes the majority of revenue. It includes the shuttle service for vehicles and passengers and payments made for the use of the railway network by high-speed passenger trains (Eurostar) and by train operators' rail freight services. The Europorte rail freight segment includes rail freight subsidiaries across France and the United Kingdom. The ElecLink segment operates an electricity interconnector between France and Great Britain. The Getlink segment includes revenue from the company's rail freight training subsidiary.

Getlink SE (Getlink SE) Headlines

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