Switch to:

# Sloan Ratio %

: 0.00% (As of . 20)
View and export this data going back to 1990. Start your Free Trial

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.

's Sloan Ratio for the quarter that ended in . 20 was 0.00%.

As of . 20, has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

## Sloan Ratio % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

 Annual Data Sloan Ratio %

 Semi-Annual Data Sloan Ratio %

## 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.

's Sloan Ratio for the fiscal year that ended in . 20 is calculated as

 Sloan Ratio = (Net Income (A: ) - Cash Flow from Operations (A: . 20 ) - Cash Flow from Investing (A: . 20 )) / Total Assets (A: . 20 ) = ( - - ) / = %

's Sloan Ratio for the quarter that ended in . 20 is calculated as

 Sloan Ratio = (Net Income (TTM) - Cash Flow from Operations (TTM}) - Cash Flow from Investing (TTM)) / Total Assets (Q: . 20 ) = ( - - ) / = %

does not have enough years/quarters to calculate the Net Income, Cash Flow from Investing, and Cash Flow from Investing for the trailing twelve months (TTM) ended in . 20.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

(:) 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 . 20, has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

## Sloan Ratio % Headlines

From GuruFocus

###### Wi2Wi Engages Lakeshore Securities as Market Maker

By [email protected] about 2020-01-24 16:00:05

###### Virginia National Bank Buys ViacomCBS Inc, Norfolk Southern Corp, Scorpio Tankers Inc, Sells Viacom Inc, BlueLinx Holdings Inc, Liberty SiriusXM Group

By insider about 2020-01-24 10:38:02

###### Isodiol International Inc. Provides Shareholder Update

By [email protected] about 2020-01-24 09:00:13

###### Taylor Frigon Capital Management LLC Buys QuickLogic Corp, Alteryx Inc, Repay Holdings Corp, Sells QuickLogic Corp, Alliance Data Systems Corp, Tower Semiconductor

By insider about 2020-01-24 06:38:04

###### Mercer Capital Advisers, Inc. Buys Truist Financial Corp, ViacomCBS Inc, Trip.com Group, Sells Campbell Soup Co, NXP Semiconductors NV, Canopy Growth Corp

By insider about 2020-01-24 06:38:02

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)
/* */