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Cytec Industries (Cytec Industries) Sloan Ratio % : 0.94% (As of Sep. 2015)


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What is Cytec Industries 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.

Cytec Industries's Sloan Ratio for the quarter that ended in Sep. 2015 was 0.94%.

As of Sep. 2015, Cytec Industries has a Sloan Ratio of 0.94%, indicating the company is in the safe zone and there is no funny business with accruals.


Cytec Industries Sloan Ratio % Historical Data

The historical data trend for Cytec Industries'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.

Cytec Industries Sloan Ratio % Chart

Cytec Industries Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 -1.31 9.46 -21.23 4.02

Cytec Industries Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 9.40 4.02 4.23 2.09 0.94

Competitive Comparison of Cytec Industries's Sloan Ratio %

For the Specialty Chemicals subindustry, Cytec Industries'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.


Cytec Industries's Sloan Ratio % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Cytec Industries's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Cytec Industries's Sloan Ratio % falls into.



Cytec Industries 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.

Cytec Industries's Sloan Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2014 )-Cash Flow from Operations (A: Dec. 2014 )
-Cash Flow from Investing (A: Dec. 2014 ))/Total Assets (A: Dec. 2014 )
=(153.8-263.4
--220.8)/2767.2
=4.02%

Cytec Industries's Sloan Ratio for the quarter that ended in Sep. 2015 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2015 )
=(127.4-248.2
--147.3)/2808.1
=0.94%

Cytec Industries's Net Income for the trailing twelve months (TTM) ended in Sep. 2015 was -29.3 (Dec. 2014 ) + 42.5 (Mar. 2015 ) + 54.7 (Jun. 2015 ) + 59.5 (Sep. 2015 ) = $127 Mil.
Cytec Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2015 was 91.4 (Dec. 2014 ) + 14 (Mar. 2015 ) + 54.8 (Jun. 2015 ) + 88 (Sep. 2015 ) = $248 Mil.
Cytec Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2015 was -50.4 (Dec. 2014 ) + -33.9 (Mar. 2015 ) + -30.4 (Jun. 2015 ) + -32.6 (Sep. 2015 ) = $-147 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.


Cytec Industries  (NYSE:CYT) 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 Sep. 2015, Cytec Industries has a Sloan Ratio of 0.94%, indicating the company is in the safe zone and there is no funny business with accruals.


Cytec Industries Sloan Ratio % Related Terms

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Cytec Industries (Cytec Industries) Business Description

Traded in Other Exchanges
N/A
Address
Cytec Industries Inc was incorporated as an independent public company in Delaware in December 1993. It is a specialty materials and chemicals company. Its products serve a diverse range of end markets including aerospace and industrial materials, mining and plastics. Its segments include Aerospace Materials, Industrial Materials, In Process Separation, and Additive Technologies. Its Aerospace Materials segment is a provider of technologically advanced materials for aerospace markets. Its product lines are Advanced composites, Structural and film adhesives, and Carbon fibers. It markets Aerospace Materials products and services directly to its customers using sales and technical support team. It is a supplier for military fixed wing programs, such as the F-35 Joint Strike Fighter and F-18 fighter jet programs, where advanced composites generally account for a higher percentage of structural weight. Advanced composites are exceptionally strong and lightweight materials (prepregs and resin infusion systems) it manufactures from high performance fibers (like carbon fiber) with epoxy, bismaleimide, phenolic, polyimide and other resins formulated or purchased by the Company. Structural and film adhesives are used for bonding and surfacing both metal and composite aircraft components. It also manufactures specialty adhesive forms for complex composites assemblies, such as honeycomb and sandwich structures and special surfacing films to provide aircraft lightning strike protection. It began construction on a new standard modulus carbon fiber line in South Carolina in early 2008. Its Industrial Materials segment provides Structural materials and Process materials. In Industrial Materials, it markets its products through a direct sales force for the structural materials and process materials product lines. Structural materials product line includes the development, manufacturing and supply of advanced composite materials for a diverse range of industries such as motorsports, automotive, defense, rail, tooling, recreation, alternative energy and other markets. Process materials product line includes the development, manufacture, and supply of vacuum bagging and other process materials to the composites industry and other markets, providing a wide range of materials and technical support to a growing number of international customers. Its In Process Separation segment provides Mining chemicals, and Phosphines. It markets In Process Separation chemicals through specialized sales and technical service staffs for each of its product lines. Mining chemicals product line is primarily used in applications to separate desired minerals from host ores. Phosphine specialties are utilized for a variety of applications. Its Additive Technologies segment provides Polymer additives, Specialty additives, and Formulated resins. It markets Additive Technologies chemicals through specialized sales and technical service staffs for each of its product lines. I
Executives
Carol P Lowe director 4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
Barry C Johnson director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424
David P Hess director 390 PARK AVENUE, NEW YORK NY 10022
Anthony G Fernandes director 9700 HIGGINS ROAD, SUITE 750, ROSEMONT IL 60018
Thomas W Rabaut director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424
William P Powell director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424
David Lilley director
Assche Benoit Van officer: President, CSS 10-1 BLANCHARDSTOWN CORPORATE PARK, BALLYCOOLIN, DUBLIN L2 15

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