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Floor & Decor Holdings (Floor & Decor Holdings) Sloan Ratio % : 0.16% (As of Dec. 2023)


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What is Floor & Decor Holdings 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.

Floor & Decor Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.16%.

As of Dec. 2023, Floor & Decor Holdings has a Sloan Ratio of 0.16%, indicating the company is in the safe zone and there is no funny business with accruals.


Floor & Decor Holdings Sloan Ratio % Historical Data

The historical data trend for Floor & Decor Holdings'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.

Floor & Decor Holdings Sloan Ratio % Chart

Floor & Decor Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.11 0.04 12.15 14.74 0.16

Floor & Decor Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.74 9.83 5.55 0.90 0.16

Competitive Comparison of Floor & Decor Holdings's Sloan Ratio %

For the Home Improvement Retail subindustry, Floor & Decor Holdings'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.


Floor & Decor Holdings's Sloan Ratio % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Floor & Decor Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Floor & Decor Holdings's Sloan Ratio % falls into.



Floor & Decor Holdings 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.

Floor & Decor Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(245.98-803.589
--564.966)/4662.55
=0.16%

Floor & Decor Holdings'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 )
=(245.98-803.589
--564.966)/4662.55
=0.16%

Floor & Decor Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 71.524 (Mar. 2023 ) + 71.452 (Jun. 2023 ) + 65.923 (Sep. 2023 ) + 37.081 (Dec. 2023 ) = $246 Mil.
Floor & Decor Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 250.28 (Mar. 2023 ) + 226.365 (Jun. 2023 ) + 222.33 (Sep. 2023 ) + 104.614 (Dec. 2023 ) = $804 Mil.
Floor & Decor Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -139.398 (Mar. 2023 ) + -156.933 (Jun. 2023 ) + -134.739 (Sep. 2023 ) + -133.896 (Dec. 2023 ) = $-565 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.


Floor & Decor Holdings  (NYSE:FND) 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, Floor & Decor Holdings has a Sloan Ratio of 0.16%, indicating the company is in the safe zone and there is no funny business with accruals.


Floor & Decor Holdings Sloan Ratio % Related Terms

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Floor & Decor Holdings (Floor & Decor Holdings) Business Description

Traded in Other Exchanges
Address
2500 Windy Ridge Parkway SE, Atlanta, GA, USA, 30339
Floor & Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the US region and also offers its product through an e-commerce site.
Executives
David Victor Christopherson officer: SVP & General Counsel 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Thomas V Taylor director, officer: Chief Executive Officer 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Steven Alan Denny officer: EVP, Store Operations C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Melissa Kersey director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Richard L Sullivan director 2233 LAKE PARK DRIVE, SMYRNA GA 30080
Bryan Langley officer: EVP & Chief Financial Officer C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Luke Olson officer: Chief Accounting Officer C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Ryan Marshall director 24311 WALDEN CENTER DR, STE 300, BONITA SPRINGS FL 34134
William T Giles director 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Felicia D Thornton director 250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Ersan Sayman officer: EVP - MERCHANDISING C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Peter Starrett director
Brian K Robbins officer: EVP-Supply Chain 2233 LAKE PARK DRIVE, SMYRNA GA 30080
Dwight Lamar James director C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY, SE, ATLANTA GA 30339
Norman Axelrod director