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.
Holland Colours's Sloan Ratio for the quarter that ended in Sep. 2022 was 9.50%.
As of Sep. 2022, Holland Colours has a Sloan Ratio of 9.50%, indicating the company is in the safe zone and there is no funny business with accruals.
Holland Colours Sloan Ratio % Historical Data
The historical data trend for Holland Colours'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.
Holland Colours Annual Data
Trend
Mar13
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Sloan Ratio %
9.92
2.16
6.82
-4.51
6.89
Holland Colours Semi-Annual Data
Mar13
Sep13
Mar14
Sep14
Mar15
Sep15
Mar16
Sep16
Mar17
Sep17
Mar18
Sep18
Mar19
Sep19
Mar20
Sep20
Mar21
Sep21
Mar22
Sep22
Sloan Ratio %
-4.94
-4.51
3.49
6.89
9.50
Competitive Comparison
For the Specialty Chemicals subindustry, Holland Colours'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.
Holland Colours Sloan Ratio % Distribution
For the Chemicals industry and Basic Materials sector, Holland Colours's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Holland Colours's Sloan Ratio % falls in comparison to its industry or sector. The grey bar indicates the Sloan Ratio %'s extreme value range as defined by GuruFocus.
Holland Colours 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.
Holland Colours's Sloan Ratio for the fiscal year that ended in Mar. 2022 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Holland Colours's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was 4.163 (Mar. 2022 ) + 4.09 (Sep. 2022 ) = €8.3 Mil.
Holland Colours's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 3.699 (Mar. 2022 ) + 1.596 (Sep. 2022 ) = €5.3 Mil.
Holland Colours's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -1.875 (Mar. 2022 ) + -2.666 (Sep. 2022 ) = €-4.5 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.
Holland Colours (XAMS:HOLCO) 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 Sep. 2022, Holland Colours has a Sloan Ratio of 9.50%, indicating the company is in the safe zone and there is no funny business with accruals.
Holland Colours Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Holland Colours's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Holland Colours creates and manufactures high-quality solid and liquid colorants, masterbatches and additives. The company and its subsidiaries manufacture, distribute, and sell color concentrates. Its products are designed to be well suited for coloring rigid and flexible polyvinyl chloride, pet, polyolefins and other polymers. The company serves many different markets which include building and construction but is not limited to, profiles, pipes, siding, and cladding. In addition, to serving these markets, it also offers color concentrates for coatings, elastomers, adhesives and other applications. The company operates geographically across Europe, the United States of America and Asia.
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