What is Porsche Automobil Holding 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.
As of Dec. 2023, Porsche Automobil Holding SE has a Sloan Ratio of 5.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Porsche Automobil Holding SE 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 Porsche Automobil Holding SE's Sloan Ratio %
For the Auto Manufacturers subindustry, Porsche Automobil Holding 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.
Porsche Automobil Holding SE's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Porsche Automobil Holding SE's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Porsche Automobil Holding SE's Sloan Ratio % falls into.
Porsche Automobil Holding 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.
Porsche Automobil Holding SE's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 1354.39 (Mar. 2023 ) + 1130.011 (Jun. 2023 ) + 1593.383 (Sep. 2023 ) + 1412.214 (Dec. 2023 ) = $5,490 Mil.
Porsche Automobil Holding SE's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -34.261 (Mar. 2023 ) + 1527.627 (Jun. 2023 ) + 336.179 (Sep. 2023 ) + 196.292 (Dec. 2023 ) = $2,026 Mil.
Porsche Automobil Holding SE's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 185.225 (Mar. 2023 ) + -535.211 (Jun. 2023 ) + 172.892 (Sep. 2023 ) + -91.603 (Dec. 2023 ) = $-269 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.
Porsche Automobil Holding SE (OTCPK:POAHF) 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 Dec. 2023, Porsche Automobil Holding SE has a Sloan Ratio of 5.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Porsche Automobil Holding SE Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Porsche Automobil Holding SE's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Porsche Automobil Holding SE (Porsche Automobil Holding SE) Business Description
Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.
Porsche Automobil Holding SE (Porsche Automobil Holding SE) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
POAHF has been successfully added to your 