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Rogers Sugar (TSX:RSI) Sloan Ratio % : 1.70% (As of Dec. 2023)


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What is Rogers Sugar 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.

Rogers Sugar's Sloan Ratio for the quarter that ended in Dec. 2023 was 1.70%.

As of Dec. 2023, Rogers Sugar has a Sloan Ratio of 1.70%, indicating the company is in the safe zone and there is no funny business with accruals.


Rogers Sugar Sloan Ratio % Historical Data

The historical data trend for Rogers Sugar'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.

Rogers Sugar Sloan Ratio % Chart

Rogers Sugar Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.43 -0.35 -0.72 -1.53 4.46

Rogers Sugar Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -5.24 1.18 -0.92 4.46 1.70

Competitive Comparison of Rogers Sugar's Sloan Ratio %

For the Confectioners subindustry, Rogers Sugar'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.


Rogers Sugar's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rogers Sugar's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Rogers Sugar's Sloan Ratio % falls into.



Rogers Sugar 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.

Rogers Sugar's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2023 )-Cash Flow from Operations (A: Sep. 2023 )
-Cash Flow from Investing (A: Sep. 2023 ))/Total Assets (A: Sep. 2023 )
=(51.789-44.318
--35.398)/960.901
=4.46%

Rogers Sugar's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(50.967-76.479
--41.401)/934.726
=1.70%

Rogers Sugar's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 11.062 (Mar. 2023 ) + 14.177 (Jun. 2023 ) + 11.876 (Sep. 2023 ) + 13.852 (Dec. 2023 ) = C$51 Mil.
Rogers Sugar's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -24.621 (Mar. 2023 ) + 35.427 (Jun. 2023 ) + 42.406 (Sep. 2023 ) + 23.267 (Dec. 2023 ) = C$76 Mil.
Rogers Sugar's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -6.114 (Mar. 2023 ) + -8.608 (Jun. 2023 ) + -13.896 (Sep. 2023 ) + -12.783 (Dec. 2023 ) = C$-41 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.


Rogers Sugar  (TSX:RSI) 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. 2023, Rogers Sugar has a Sloan Ratio of 1.70%, indicating the company is in the safe zone and there is no funny business with accruals.


Rogers Sugar Sloan Ratio % Related Terms

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Rogers Sugar (TSX:RSI) Business Description

Traded in Other Exchanges
Address
123 Rogers Street, Vancouver, BC, CAN, V6B 3V2
Rogers Sugar Inc is a Canada-based sugar-producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include Brown sugar, Yellow sugar, Icing sugar and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.

Rogers Sugar (TSX:RSI) Headlines