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, Oesterreichische Post AG has a Sloan Ratio of -0.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Oesterreichische Post AG 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 Oesterreichische Post AG's Sloan Ratio %
For the Integrated Freight & Logistics subindustry, Oesterreichische Post 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.
Oesterreichische Post AG's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Oesterreichische Post AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Oesterreichische Post AG's Sloan Ratio % falls into.
Oesterreichische Post 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.
Oesterreichische Post AG's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Oesterreichische Post AG's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 31 (Mar. 2023 ) + 45.5 (Jun. 2023 ) + 11.4 (Sep. 2023 ) + 44.7 (Dec. 2023 ) = €133 Mil.
Oesterreichische Post AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -50.9 (Mar. 2023 ) + 62.3 (Jun. 2023 ) + 62 (Sep. 2023 ) + 181.1 (Dec. 2023 ) = €255 Mil.
Oesterreichische Post AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -56 (Mar. 2023 ) + 21.6 (Jun. 2023 ) + -16.9 (Sep. 2023 ) + -44.4 (Dec. 2023 ) = €-96 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.
Oesterreichische Post AG (WBO:POST) 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, Oesterreichische Post AG has a Sloan Ratio of -0.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Oesterreichische Post AG Sloan Ratio % Related Terms
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Oesterreichische Post AG (WBO:POST) Business Description
Oesterreichische Post AG is an Austrian postal, logistics and mail and service provider. The business activities include the provision of postal and parcel services, specialized logistics such as express mail delivery and value logistics, sales and telecommunications products and retail goods in the branch network and provision of financial services. The service offering also encompasses fulfillment services, various online services such as the e-letter and cross-media solutions, data and output management as well as document collection, digitalization and processing.
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