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.
ABL Group ASA's Sloan Ratio for the quarter that ended in Sep. 2023 was -1.54%.
As of Sep. 2023, ABL Group ASA has a Sloan Ratio of -1.54%, indicating the company is in the safe zone and there is no funny business with accruals.
ABL Group ASA Sloan Ratio % Historical Data
The historical data trend for ABL Group ASA'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.
Competitive Comparison of ABL Group ASA's Sloan Ratio %
For the Specialty Business Services subindustry, ABL Group ASA'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.
ABL Group ASA's Sloan Ratio % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, ABL Group ASA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ABL Group ASA's Sloan Ratio % falls into.
ABL Group ASA 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.
ABL Group ASA's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as
ABL Group ASA's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -11.52 (Dec. 2022 ) + -1.043 (Mar. 2023 ) + 29.301 (Jun. 2023 ) + 59.19 (Sep. 2023 ) = kr76 Mil.
ABL Group ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 68.341 (Dec. 2022 ) + -0.116 (Mar. 2023 ) + 10.278 (Jun. 2023 ) + 32.925 (Sep. 2023 ) = kr111 Mil.
ABL Group ASA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -12.172 (Dec. 2022 ) + -3.212 (Mar. 2023 ) + 27.822 (Jun. 2023 ) + -18.575 (Sep. 2023 ) = kr-6 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.
ABL Group ASA (OSTO:AQUAo) 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 Sep. 2023, ABL Group ASA has a Sloan Ratio of -1.54%, indicating the company is in the safe zone and there is no funny business with accruals.
ABL Group ASA Sloan Ratio % Related Terms
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ABL Group ASA is an independent energy and marine consultant working in energy and oceans to de-risk and drive the energy transition across the renewables, maritime, and oil and gas sectors, offering its clients expertise across marine, engineering, and adjusting disciplines from more than 300 locations world wide. It has offices majorly in marine and offshore energy hubs in countries across Europe, Africa, the Americas, the Middle East, Asia, and Australia.
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