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.
Qurate Retail's Sloan Ratio for the quarter that ended in Dec. 2023 was -8.88%.
As of Dec. 2023, Qurate Retail has a Sloan Ratio of -8.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Qurate Retail Sloan Ratio % Historical Data
The historical data trend for Qurate Retail'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 Qurate Retail's Sloan Ratio %
For the Internet Retail subindustry, Qurate Retail'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.
Qurate Retail's Sloan Ratio % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Qurate Retail's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Qurate Retail's Sloan Ratio % falls into.
Qurate Retail 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.
Qurate Retail's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Qurate Retail's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 20 (Mar. 2023 ) + 107 (Jun. 2023 ) + 1 (Sep. 2023 ) + -273 (Dec. 2023 ) = $-145 Mil.
Qurate Retail's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 16 (Mar. 2023 ) + 452 (Jun. 2023 ) + 134 (Sep. 2023 ) + 317 (Dec. 2023 ) = $919 Mil.
Qurate Retail's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 112 (Mar. 2023 ) + -40 (Jun. 2023 ) + -54 (Sep. 2023 ) + -72 (Dec. 2023 ) = $-54 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.
Qurate Retail (NAS:QRTEA) 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, Qurate Retail has a Sloan Ratio of -8.88%, indicating the company is in the safe zone and there is no funny business with accruals.
Qurate Retail Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Qurate Retail's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Qurate Retail (Qurate Retail) Business Description
Qurate Retail Inc, through its subsidiaries, is engaged in the video and online commerce industries. Its segments include QxH, which includes QVC U.S. and HSN market and sell a wide variety of consumer products in the United States, primarily using their televised shopping programs and via the Internet through their websites and mobile applications; QVC International segment markets and sells a wide variety of consumer products in several foreign countries, primarily using its televised shopping programs and via the Internet through its international websites and mobile applications; and Zulily markets and sells a wide variety of consumer products in the United States and several foreign countries. Its geographical segments include the U.S, Japan, Germany, and Other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
QRTEA has been successfully added to your 