Steiner Leisure (Steiner Leisure) Sloan Ratio % : -45.91% (As of Sep. 2015)

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What is Steiner Leisure 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.

Steiner Leisure's Sloan Ratio for the quarter that ended in Sep. 2015 was -45.91%.

As of Sep. 2015, Steiner Leisure has a Sloan Ratio of -45.91%, indicating earnings are more likely to be made up of accruals.

Steiner Leisure Sloan Ratio % Historical Data

The historical data trend for Steiner Leisure'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.

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Steiner Leisure Sloan Ratio % Chart

Steiner Leisure Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Sloan Ratio %

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-1.07

25.86

-2.65

-1.97

-32.99

Steiner Leisure Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Sloan Ratio %	Get a 7-Day Free Trial															1.11	-32.99	-35.75	-36.13	-45.91

Competitive Comparison of Steiner Leisure's Sloan Ratio %

For the Personal Services subindustry, Steiner Leisure'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.

Steiner Leisure's Sloan Ratio % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Steiner Leisure's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Steiner Leisure's Sloan Ratio % falls into.

Steiner Leisure 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.

Steiner Leisure's Sloan Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2014 )	-	Cash Flow from Operations (A: Dec. 2014 )
	-	Cash Flow from Investing (A: Dec. 2014 ))	/	Total Assets (A: Dec. 2014 )
	=	(-158.097	-	43.478
	-	-19.197)	/	552.843
	=	-32.99%

Steiner Leisure's Sloan Ratio for the quarter that ended in Sep. 2015 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2015 )
	=	(-186.272	-	85.791
	-	-28.702)	/	530.082
	=	-45.91%

Steiner Leisure's Net Income for the trailing twelve months (TTM) ended in Sep. 2015 was -185.847 (Dec. 2014 ) + 8.112 (Mar. 2015 ) + 8.952 (Jun. 2015 ) + -17.489 (Sep. 2015 ) = $-186.3 Mil.
Steiner Leisure's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2015 was 27.395 (Dec. 2014 ) + 10.729 (Mar. 2015 ) + 28.46 (Jun. 2015 ) + 19.207 (Sep. 2015 ) = $85.8 Mil.
Steiner Leisure's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2015 was -7.015 (Dec. 2014 ) + -8.881 (Mar. 2015 ) + -9.7 (Jun. 2015 ) + -3.106 (Sep. 2015 ) = $-28.7 Mil.

Steiner Leisure (NAS:STNR) 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 Sep. 2015, Steiner Leisure has a Sloan Ratio of -45.91%, indicating earnings are more likely to be made up of accruals.

Steiner Leisure Sloan Ratio % Related Terms

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Steiner Leisure (Steiner Leisure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Steiner Leisure Ltd (NAS:STNR) » Definitions » Sloan Ratio %

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Address

Website

http://www.steinerleisure.com

Steiner Leisure Ltd was incorporated in the Bahamas on November 1995. The Company is engaged in the service of traditional and alternative massage, body and skin treatment options, fitness, acupuncture, medi-spa treatments and laser hair removal. It also develops and markets premium quality beauty products, which are sold at the Company's facilities, through e-commerce and through third-party retail outlets and other channels, and operates post-secondary schools offering massage therapy and related courses. The Company serves cruise ships and third-party land-based venues namely Caesars Entertainment, Carnival Cruise Lines, Costa Cruises, Crystal Cruises, Cunard Cruise Line, Hilton Hotels, Holland America Line, among others. As of February 1, 2014, the Company served 156 cruise ships representing 18 cruise lines, and operated 52 resort spas, 11 urban hotel spas, five day spas and 109 Ideal Image centers. The Company also operates 12 post-secondary schools, comprised of a total of 32 campuses located in Arizona, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, Pennsylvania, Texas, Utah, Virginia and Washington. The Company provides shipboard services in treatment and fitness facilities located on cruise ships. Its services include massages, facials, microdermabrasion, waxing, aromatherapy treatments, seaweed wraps, aerobic exercise, yoga, Pilates, hair styling, manicures, pedicures and teeth whitening, as well as other beauty and body treatments and services, acupuncture and medi-spa services such as BOTOX Cosmetic, Dysport, Restylane and Perlane. The products sold by the Company include beauty preparations such as lotions aimed at reducing the appearance of aging on skin, aromatherapy oils, cleansers and creams and other facial and skin care preparations, hair care products, moisturizers and lotions, nail care products, footwear and shapewear, including products under the Steiner and Mandara names. The Company sells the products through, among other channels, e-commerce, catalogs, on board the ships, at land-based spas, through department stores and third-party retail outlets and distributors, as well as through salons, mail order and websites, including www.timetospa.com, www.timetospa.co.uk, www.blissworld.com, www.blisslondon.co.uk and www.bodyworkmall.com. The Company operates its business through four reportable segments: Spa Operations, Products, Schools and Laser Hair Removal. Through its Spa Operations segment, it offers massages and a variety of other body treatments, as well as a broad variety of beauty treatments to women, men and teenagers on cruise ships and at land-based spas. As of February 1, 2014, it provided its spa services on 156 ships and at a total of 63 hotel spas located in the United States, the Caribbean, Asia, the Pacific and other locations, and at its day spas in New York City, Coral Gables and London. Through the Products segment, it develops and sells beauty pro

Executives

Robert Lazar	officer: VP - Finance and CAO	770 SOUTH DIXIE HIGHWAY #200, CORAL CABLES FL 33146
Cynthia R Cohen	director	1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131
Denise Dickins	director	1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406
David Harris	director	237 PARK AVENUE - SUITE 900, NEW YORK NY 10017
Leonard I Fluxman	director, officer: President & CEO	STEINER LEISURE LIMITED, 770 S DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146
Stephen Lazarus	officer: COO & CFO	C/O STEINER MANAGEMENT SERVICES, 770 S. DIXIE HWY. #200, CORAL GABLES FL 33145
Glenn Fusfield	officer: Pres & COO- Steiner Transocean	STEINER LEISURE LTD, 770 SOUTH DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146
Jonathan D Mariner	director	2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762
Steiner Leisure Ltd	officer: EVP - Steiner Education Group	STE 104A, SAFFREY SQ, NASSAU C5 00000