GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Syngenta AG (NYSE:SYT) » Definitions » Sloan Ratio %

Syngenta AG (Syngenta AG) Sloan Ratio % : 8.06% (As of Dec. 2018)


View and export this data going back to 1993. Start your Free Trial

What is Syngenta AG 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.

Syngenta AG's Sloan Ratio for the quarter that ended in Dec. 2018 was 8.06%.

As of Dec. 2018, Syngenta AG has a Sloan Ratio of 8.06%, indicating the company is in the safe zone and there is no funny business with accruals.


Syngenta AG Sloan Ratio % Historical Data

The historical data trend for Syngenta AG'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.

Syngenta AG Sloan Ratio % Chart

Syngenta AG Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.09 3.22 -0.57 -6.69 8.06

Syngenta AG Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 -0.57 0.21 -6.69 0.68 8.06

Competitive Comparison of Syngenta AG's Sloan Ratio %

For the Agricultural Inputs subindustry, Syngenta AG'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.


Syngenta AG's Sloan Ratio % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Syngenta AG's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Syngenta AG's Sloan Ratio % falls into.



Syngenta AG 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.

Syngenta AG's Sloan Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2018 )-Cash Flow from Operations (A: Dec. 2018 )
-Cash Flow from Investing (A: Dec. 2018 ))/Total Assets (A: Dec. 2018 )
=(1438-1367
--1641)/21250
=8.06%

Syngenta AG's Sloan Ratio for the quarter that ended in Dec. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2018 )
=(1438-1367
--1641)/21250
=8.06%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Syngenta AG's Net Income for the trailing twelve months (TTM) ended in Dec. 2018 was 1229 (Jun. 2018 ) + 209 (Dec. 2018 ) = $1,438 Mil.
Syngenta AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2018 was 60 (Jun. 2018 ) + 1307 (Dec. 2018 ) = $1,367 Mil.
Syngenta AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2018 was -1214 (Jun. 2018 ) + -427 (Dec. 2018 ) = $-1,641 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.


Syngenta AG  (NYSE:SYT) 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. 2018, Syngenta AG has a Sloan Ratio of 8.06%, indicating the company is in the safe zone and there is no funny business with accruals.


Syngenta AG Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Syngenta AG's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Syngenta AG (Syngenta AG) Business Description

Traded in Other Exchanges
N/A
Address
Schwarzwaldalle 215, Basel, CHE, 4058
Formed in 2000 from spin-offs of Novartis' crop-protection and seeds business and AstraZeneca's agrochemical business, Syngenta is a global producer of crop chemicals and seeds. The Swiss company is a leading manufacturer of crop-protection products, making multiple herbicides, insecticides, and fungicides used on a wide variety of crops. Syngenta's seeds business trails rivals, but the company is investing heavily in research and development in an effort to close the technology gap in genetically modified seeds.