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CST Brands (CST Brands) Sloan Ratio % : 0.51% (As of Mar. 2017)


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What is CST Brands 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.

CST Brands's Sloan Ratio for the quarter that ended in Mar. 2017 was 0.51%.

As of Mar. 2017, CST Brands has a Sloan Ratio of 0.51%, indicating the company is in the safe zone and there is no funny business with accruals.


CST Brands Sloan Ratio % Historical Data

The historical data trend for CST Brands'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.

CST Brands Sloan Ratio % Chart

CST Brands Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Sloan Ratio %
Get a 7-Day Free Trial 3.41 -4.13 4.35 8.13 12.50

CST Brands Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 16.15 15.63 12.72 12.50 0.51

Competitive Comparison of CST Brands's Sloan Ratio %

For the Specialty Retail subindustry, CST Brands'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.


CST Brands's Sloan Ratio % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, CST Brands's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where CST Brands's Sloan Ratio % falls into.



CST Brands 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.

CST Brands's Sloan Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2016 )-Cash Flow from Operations (A: Dec. 2016 )
-Cash Flow from Investing (A: Dec. 2016 ))/Total Assets (A: Dec. 2016 )
=(324-287
--508)/4360
=12.50%

CST Brands's Sloan Ratio for the quarter that ended in Mar. 2017 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2017 )
=(308-268
-18)/4309
=0.51%

CST Brands's Net Income for the trailing twelve months (TTM) ended in Mar. 2017 was 27 (Jun. 2016 ) + 260 (Sep. 2016 ) + 18 (Dec. 2016 ) + 3 (Mar. 2017 ) = $308 Mil.
CST Brands's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2017 was 134 (Jun. 2016 ) + 89 (Sep. 2016 ) + -24 (Dec. 2016 ) + 69 (Mar. 2017 ) = $268 Mil.
CST Brands's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2017 was -73 (Jun. 2016 ) + 242 (Sep. 2016 ) + -110 (Dec. 2016 ) + -41 (Mar. 2017 ) = $18 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.


CST Brands  (NYSE:CST) 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 Mar. 2017, CST Brands has a Sloan Ratio of 0.51%, indicating the company is in the safe zone and there is no funny business with accruals.


CST Brands Sloan Ratio % Related Terms

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CST Brands (CST Brands) Business Description

Traded in Other Exchanges
N/A
Address
CST Brands Inc is a holding company. It is an independent retailer of motor fuel and convenience merchandise in the United States and eastern Canada. Its retail operations include the sale of motor fuel at retail sites, commission sites and cardlocks, the sale of food, convenience merchandise items and services at retail sites, and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers in Canada. The company has three operating segments, U.S. Retail, Canadian Retail and CrossAmerica.
Executives
David Hrinak officer: Vice President Operations 23 KNOLL ROAD, COATESVILLE PA 19320
Clayton E Killinger officer: Executive VP and CFO 1811 AKSARBEN DRIVE, OMAHA NE 68106
Joseph E Reece director ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249
Steven Stellato officer: VP and Controller 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Alex Miller director 1130 WEST WARNER, TEMPE AZ 85284
Evan Walker Smith officer: Vice President and CFO 3426 HUNTERS CIRCLE, SAN ANTONIO TX 78320
Michael H Wargotz director AXCESS WORLDWIDE, 515 MADISON AVE., 15TH FLOOR, NEW YORK NY 10022
Thomas W Dickson director 301 S TRYON STREET, SUITE 1800, CHARLOTTE NC 28282
Gerard J Sonnier officer: SVP, GC and Secretary 2800 POST OAK BLVD., STE. 2600, HOUSTON TX 77056
Jean Bernier director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Kimberly S Lubel director, officer: President and CEO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Ruben M Escobedo director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Donna M Boles director 17 MILLSTONE COURT, MORRISTOWN NJ 07960
Rocky Dewbre director 46 FLORHAM PARK DR., SPRING TX 77379
Topper Joseph V. Jr. director 702 WEST HAMILTON STREET, SUITE 203, ALLENTOWN PA 18101

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