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Koppers Holdings (Koppers Holdings) Sloan Ratio % : 3.22% (As of Dec. 2023)


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What is Koppers Holdings 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.

Koppers Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was 3.22%.

As of Dec. 2023, Koppers Holdings has a Sloan Ratio of 3.22%, indicating the company is in the safe zone and there is no funny business with accruals.


Koppers Holdings Sloan Ratio % Historical Data

The historical data trend for Koppers 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.

* Premium members only.

Koppers Holdings Sloan Ratio % Chart

Koppers Holdings 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 -0.95 -0.67 4.31 4.43 3.22

Koppers Holdings 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 4.43 5.35 7.06 5.73 3.22

Competitive Comparison of Koppers Holdings's Sloan Ratio %

For the Specialty Chemicals subindustry, Koppers 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.


Koppers Holdings's Sloan Ratio % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Koppers Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Koppers Holdings's Sloan Ratio % falls into.



Koppers 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.

Koppers Holdings'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 )
=(89.2-146.1
--116)/1835.5
=3.22%

Koppers Holdings'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 )
=(89.2-146.1
--116)/1835.5
=3.22%

Koppers Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 25.5 (Mar. 2023 ) + 24.5 (Jun. 2023 ) + 26.3 (Sep. 2023 ) + 12.9 (Dec. 2023 ) = $89 Mil.
Koppers Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -15.3 (Mar. 2023 ) + 13.2 (Jun. 2023 ) + 81.6 (Sep. 2023 ) + 66.6 (Dec. 2023 ) = $146 Mil.
Koppers Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -28.5 (Mar. 2023 ) + -32.1 (Jun. 2023 ) + -27.7 (Sep. 2023 ) + -27.7 (Dec. 2023 ) = $-116 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.


Koppers Holdings  (NYSE:KOP) 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, Koppers Holdings has a Sloan Ratio of 3.22%, indicating the company is in the safe zone and there is no funny business with accruals.


Koppers Holdings Sloan Ratio % Related Terms

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Koppers Holdings (Koppers Holdings) Business Description

Traded in Other Exchanges
Address
436 Seventh Avenue, Pittsburgh, PA, USA, 15219
Koppers Holdings, through its subsidiaries, manufactures and sells wood products, wood treatment chemicals, and carbon compounds used in markets such as railroad, aluminum and steel, agriculture, utilities, and residential lumber. The company is organized into three business segments: railroad and utility products and services, performance chemicals, and carbon materials and chemicals. Its product portfolio includes treated and untreated wood products like crossties used in railroads, wood preservation chemicals, and carbon compounds such as creosote used in the treatment of wood crossties, among others. Most revenue comes from the company's railroad and utility products and services segment, and more than half of the company's revenue is earned in the United States.
Executives
M Leroy Ball officer: VP and Chief Financial Officer 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Bradley A Pearce officer: Chief Accounting Officer 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Joseph P Dowd officer: VP North American CM&C 436 SEVENTH AVENUE, SUITE 1550, PITTSBURGH PA 15219
James A. Sullivan officer: SVP Global CM&C 400 CALGON CARBON DRIVE, PITTSBURGH PA 15205
Leslie S Hyde officer: VP Sfty Env.Aff.Koppers Inc. C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219
Daniel J Skrovanek officer: VP, Growth & Innovation 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Traci L Jensen director 1200 WILLOW LAKE BOULEVARD, P.O. BOX 64683, ST. PAUL MN 55164-0683
Andrew D Sandifer director FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Kevin Washington officer: VP, External Affairs 436 SEVENTH AVENUE, PITTSBURGH PA 15219
Xudong Feng director 436 SEVENTH AVENUE, SUITE 1550, PITTSBURGH PA 15219
Albert J Neupaver director
Stephen R Tritch director 4171 ESSEN LANE, BATON ROUGE LA 70809
David L Motley director 517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237
Sonja Michelle Wilkerson director
Louis L Testoni director 436 SEVENTH AVENUE, SUITE 1550, PITTSBURGH PA 15219