What is Vitesco Technologies Group AG 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.
As of Dec. 2023, Vitesco Technologies Group AG has a Sloan Ratio of -2.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Vitesco Technologies Group AG Sloan Ratio % Historical Data
* 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 Vitesco Technologies Group AG's Sloan Ratio %
For the Auto Parts subindustry, Vitesco Technologies Group AG'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.
Vitesco Technologies Group AG's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Vitesco Technologies Group AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Vitesco Technologies Group AG's Sloan Ratio % falls into.
Vitesco Technologies Group AG 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.
Vitesco Technologies Group AG's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -50.7 (Mar. 2023 ) + -13.8 (Jun. 2023 ) + 30.3 (Sep. 2023 ) + -62.2 (Dec. 2023 ) = €-96 Mil.
Vitesco Technologies Group AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 76.9 (Mar. 2023 ) + 94.8 (Jun. 2023 ) + 203.4 (Sep. 2023 ) + 253.9 (Dec. 2023 ) = €629 Mil.
Vitesco Technologies Group AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -118 (Mar. 2023 ) + -115.4 (Jun. 2023 ) + -130 (Sep. 2023 ) + -180.7 (Dec. 2023 ) = €-544 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.
Vitesco Technologies Group AG (XTER:VTSC) 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, Vitesco Technologies Group AG has a Sloan Ratio of -2.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Vitesco Technologies Group AG Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Vitesco Technologies Group AG's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vitesco Technologies Group AG (XTER:VTSC) Business Description
Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XTER:VTSC has been successfully added to your 