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.
Malibu Boats's Sloan Ratio for the quarter that ended in Mar. 2024 was -11.89%.
As of Mar. 2024, Malibu Boats has a Sloan Ratio of -11.89%, indicating there is a warning stage of accrual build up.
Malibu Boats Sloan Ratio % Historical Data
The historical data trend for Malibu Boats'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.
Competitive Comparison of Malibu Boats's Sloan Ratio %
For the Recreational Vehicles subindustry, Malibu Boats'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.
Malibu Boats's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Malibu Boats's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Malibu Boats's Sloan Ratio % falls into.
Malibu Boats 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.
Malibu Boats's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Malibu Boats's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -17.42 (Jun. 2023 ) + 20.259 (Sep. 2023 ) + 9.881 (Dec. 2023 ) + -66.831 (Mar. 2024 ) = $-54 Mil.
Malibu Boats's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 76.743 (Jun. 2023 ) + -48.411 (Sep. 2023 ) + 64.12 (Dec. 2023 ) + 23.512 (Mar. 2024 ) = $116 Mil.
Malibu Boats's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -11.133 (Jun. 2023 ) + -39.527 (Sep. 2023 ) + -12.56 (Dec. 2023 ) + -12.005 (Mar. 2024 ) = $-75 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.
Malibu Boats (NAS:MBUU) 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 Mar. 2024, Malibu Boats has a Sloan Ratio of -11.89%, indicating there is a warning stage of accrual build up.
Malibu Boats Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Malibu Boats's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the U.S. in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.
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