Tuesday Morning (Tuesday Morning) Sloan Ratio % : -11.86% (As of Sep. 2022)

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What is Tuesday Morning 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.

Tuesday Morning's Sloan Ratio for the quarter that ended in Sep. 2022 was -11.86%.

As of Sep. 2022, Tuesday Morning has a Sloan Ratio of -11.86%, indicating there is a warning stage of accrual build up.

Tuesday Morning Sloan Ratio % Historical Data

The historical data trend for Tuesday Morning'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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Tuesday Morning Sloan Ratio % Chart

Tuesday Morning Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Sloan Ratio %

-48.73

22.58

2.58

Tuesday Morning Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Sloan Ratio %	Get a 7-Day Free Trial								27.08	28.95	14.95	2.58	-11.86

Competitive Comparison of Tuesday Morning's Sloan Ratio %

For the Discount Stores subindustry, Tuesday Morning'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.

Tuesday Morning's Sloan Ratio % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tuesday Morning's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Tuesday Morning's Sloan Ratio % falls into.

Tuesday Morning 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.

Tuesday Morning's Sloan Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Jun. 2022 )	-	Cash Flow from Operations (A: Jun. 2022 )
	-	Cash Flow from Investing (A: Jun. 2022 ))	/	Total Assets (A: Jun. 2022 )
	=	(-59.003	-	-61.613
	-	-6.537)	/	354.176
	=	2.58%

Tuesday Morning's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2022 )
	=	(-72.563	-	-26.048
	-	-6.091)	/	340.835
	=	-11.86%

Tuesday Morning's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was 1.894 (Dec. 2021 ) + -18.151 (Mar. 2022 ) + -28.143 (Jun. 2022 ) + -28.163 (Sep. 2022 ) = $-72.6 Mil.
Tuesday Morning's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 6.003 (Dec. 2021 ) + -30.373 (Mar. 2022 ) + -4.027 (Jun. 2022 ) + 2.349 (Sep. 2022 ) = $-26.0 Mil.
Tuesday Morning's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -1.775 (Dec. 2021 ) + -1.628 (Mar. 2022 ) + -1.373 (Jun. 2022 ) + -1.315 (Sep. 2022 ) = $-6.1 Mil.

Tuesday Morning (OTCPK:TUEMQ) 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. 2022, Tuesday Morning has a Sloan Ratio of -11.86%, indicating there is a warning stage of accrual build up.

Tuesday Morning Sloan Ratio % Related Terms

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Tuesday Morning (Tuesday Morning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tuesday Morning Corp (OTCPK:TUEMQ) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6250 LBJ Freeway, Dallas, TX, USA, 75240

Website

https://www.tuesdaymorning.com

Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.

Executives

Osmium Partners, Llc	director, 10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Zhong John Zhang	director	6250 LBJ FWY, DALLAS TX 75240
Andrew Berger	director	84 ELM STREET, WESTFIELD NJ 07090
Michael Onghai	director	122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
James Harris	director	10 FARADAY, IRVINE CA 92618
Maya Burkenroad	director	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Sandip Patel	director	1010 N. FLORIDA AVE., TAMPA FL 33602
Clicks To Bricks, Llc	10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVE, SUITE 700, MIAMI BEACH FL 33139
Tm21, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Ayon Capital, L.l.c.	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Tascr Ventures, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 NORTH FLORIDA AVENUE, TAMPA FL 33602
Alexander Mehr	director, 10 percent owner, other: Member of 10% owner group	C/O ZOOSK, INC., 989 MARKET STREET, FIFTH FLOOR, SAN FRANCISCO CA 94103
Retail Ecommerce Ventures Llc	director, 10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVENUE, SUITE 700, MIAMI BEACH FL 33139
Tai Lopez	director, 10 percent owner, other: Member of 10% owner group	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Marcelo Podesta	director	6250 LBJ FREEWAY, DALLAS TX 75240