Natural Alternatives International (Natural Alternatives International) Sloan Ratio % : -5.56% (As of Dec. 2023)

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What is Natural Alternatives International 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.

Natural Alternatives International's Sloan Ratio for the quarter that ended in Dec. 2023 was -5.56%.

As of Dec. 2023, Natural Alternatives International has a Sloan Ratio of -5.56%, indicating the company is in the safe zone and there is no funny business with accruals.

Natural Alternatives International Sloan Ratio % Historical Data

The historical data trend for Natural Alternatives International'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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Natural Alternatives International Sloan Ratio % Chart

Natural Alternatives International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Sloan Ratio %

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4.05

-0.69

-4.16

17.33

6.69

Natural Alternatives International 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															7.65	9.40	6.69	-5.19	-5.56

Competitive Comparison of Natural Alternatives International's Sloan Ratio %

For the Packaged Foods subindustry, Natural Alternatives International'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.

Natural Alternatives International's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Natural Alternatives International's Sloan Ratio % falls into.

Natural Alternatives International 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.

Natural Alternatives International's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Jun. 2023 )	-	Cash Flow from Operations (A: Jun. 2023 )
	-	Cash Flow from Investing (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2023 )
	=	(2.522	-	7.019
	-	-13.467)	/	134.152
	=	6.69%

Natural Alternatives International'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 )
	=	(-4.109	-	8.128
	-	-3.576)	/	155.733
	=	-5.56%

Natural Alternatives International's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -2.381 (Mar. 2023 ) + 2.037 (Jun. 2023 ) + -0.695 (Sep. 2023 ) + -3.07 (Dec. 2023 ) = $-4.1 Mil.
Natural Alternatives International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -4.205 (Mar. 2023 ) + 7.489 (Jun. 2023 ) + 4.496 (Sep. 2023 ) + 0.348 (Dec. 2023 ) = $8.1 Mil.
Natural Alternatives International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1.593 (Mar. 2023 ) + -0.276 (Jun. 2023 ) + -1.278 (Sep. 2023 ) + -0.429 (Dec. 2023 ) = $-3.6 Mil.

Natural Alternatives International (NAS:NAII) 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, Natural Alternatives International has a Sloan Ratio of -5.56%, indicating the company is in the safe zone and there is no funny business with accruals.

Natural Alternatives International Sloan Ratio % Related Terms

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Natural Alternatives International (Natural Alternatives International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Natural Alternatives International Inc (NAS:NAII) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

NA2:Germany

Address

1535 Faraday Avenue, Carlsbad, CA, USA, 92008

Website

https://www.nai-online.com

Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segment. The company derives the majority of revenue from Private-Label Contract Manufacturing which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.

Executives

Mark A Ledoux	director, 10 percent owner, officer: CEO/Chairman	1185 LINDA VISTA DR, SAN MARCOS CA 92069
Joe E Davis	director	3436 CARIBETH DR, ENCINO CA 91436
Lee G Weldon	director	1185 LINDA VISTA DRIVE, SAN MARCAS CA 92069
Alan G Dunn	director	1185 LINDA VISTA DR., SUITE A, SAN MARCOS X1 92078
Michael E Fortin	officer: Chief Financial Officer	1185 LINDA VISTA DRIVE, SAN MARCOS CA 92078
Kenneth Wolf	officer: Chief Financial Officer	12626 HIGH BLUFF DRIVE, SUITE 440, SAN DIEGO CA 92130
Alan J Lane	director	41090 AVENIDA VERDE, TEMECULA CA 92591
Guru Ramanathan	director	C/O GNC HOLDINGS, INC., 300 SIXTH AVENUE, PITTSBURGH PA 15222
Laura Kay Matherly	director	1535 FARADAY AVENUE, CARLSBAD CA 92008
Edward Borg	10 percent owner	600 SOUTH US HIGHWAY 1, APT. 609, JUPITER FL 33477
Alvin Mccurdy	officer: V.P. of Operations	1185 LINDA VISTA DR., SUITE A, SAN MARCOS CA 92078
Carl J Terranova	other: Member of 13(d) 10% group	159 CHRYSTIE ST, NEW YORK NY 10002
Thomas H Hansen	10 percent owner
John Dullea	officer: President, RHL (Subsidiary)	12189 CAMINITO CORRIENTE, SAN DIEGO CA 92128
Randell Weaver	officer: President