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.
Fila Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was -5.81%.
As of Dec. 2023, Fila Holdings has a Sloan Ratio of -5.81%, indicating the company is in the safe zone and there is no funny business with accruals.
Fila Holdings Sloan Ratio % Historical Data
The historical data trend for Fila 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.
Competitive Comparison of Fila Holdings's Sloan Ratio %
For the Leisure subindustry, Fila 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.
Fila Holdings's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Fila Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Fila Holdings's Sloan Ratio % falls into.
Fila 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.
Fila Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Fila Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 61808.831 (Mar. 2023 ) + -7340.01 (Jun. 2023 ) + 26329.039 (Sep. 2023 ) + -38217.393 (Dec. 2023 ) = ₩42,580 Mil.
Fila Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -97125.329 (Mar. 2023 ) + 271322.233 (Jun. 2023 ) + 298966.972 (Sep. 2023 ) + 104665.677 (Dec. 2023 ) = ₩577,830 Mil.
Fila Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -60409.826 (Mar. 2023 ) + -111540.891 (Jun. 2023 ) + -40119.563 (Sep. 2023 ) + -33790.141 (Dec. 2023 ) = ₩-245,860 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.
Fila Holdings (XKRX:081660) 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, Fila Holdings has a Sloan Ratio of -5.81%, indicating the company is in the safe zone and there is no funny business with accruals.
Fila Holdings Sloan Ratio % Related Terms
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Fila Holdings is one of the leading players in the footwear industry. It deals primarily in footwear of all kinds and sportswear brands. The company owns the global Fila footwear, sportswear, intimates, and accessories business. It positions its products particularly for the age group of 18-34. Fila Korea markets its products through a network of about 500 distribution facilities, as well as nearly 300 franchised retail stores.
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