What is Lyondellbasell Advanced Polymers 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 May. 2018, Lyondellbasell Advanced Polymers has a Sloan Ratio of -0.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Lyondellbasell Advanced Polymers 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.
* Premium members only.
Lyondellbasell Advanced Polymers Sloan Ratio % Chart
Competitive Comparison of Lyondellbasell Advanced Polymers's Sloan Ratio %
For the Chemicals subindustry, Lyondellbasell Advanced Polymers'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.
Lyondellbasell Advanced Polymers's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Lyondellbasell Advanced Polymers's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lyondellbasell Advanced Polymers's Sloan Ratio % falls into.
Lyondellbasell Advanced Polymers 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.
Lyondellbasell Advanced Polymers's Net Income for the trailing twelve months (TTM) ended in May. 2018 was 9.279 (Aug. 2017 ) + 14.715 (Nov. 2017 ) + 5.387 (Feb. 2018 ) + 5.048 (May. 2018 ) = $34.43 Mil.
Lyondellbasell Advanced Polymers's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2018 was 31.152 (Aug. 2017 ) + 25.518 (Nov. 2017 ) + -38.135 (Feb. 2018 ) + 46.019 (May. 2018 ) = $64.55 Mil.
Lyondellbasell Advanced Polymers's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2018 was -4.371 (Aug. 2017 ) + 0.869 (Nov. 2017 ) + -7.407 (Feb. 2018 ) + -7.608 (May. 2018 ) = $-18.52 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.
Lyondellbasell Advanced Polymers (OTCPK:SLMNP.PFD) 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 May. 2018, Lyondellbasell Advanced Polymers has a Sloan Ratio of -0.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Lyondellbasell Advanced Polymers Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Lyondellbasell Advanced Polymers's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lyondellbasell Advanced Polymers Business Description
Lyondellbasell Advanced Polymers Inc manufactures and sells a variety of plastics and chemical-based products. The firm's product portfolio includes Engineered Thermoplastics, Masterbatch, Engineered Composites, Specialty Powders, and Distribution Services. The company organizes itself into four main segments by geography. Europe, Middle East, and Africa segment generate more revenue than any other segment. The other segments are the United States and Canada, Latin America, and Asia-Pacific.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SLMNP.PFD has been successfully added to your 