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Union Pacific (Union Pacific) Sloan Ratio % : 2.07% (As of Mar. 2024)


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What is Union Pacific 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.

Union Pacific's Sloan Ratio for the quarter that ended in Mar. 2024 was 2.07%.

As of Mar. 2024, Union Pacific has a Sloan Ratio of 2.07%, indicating the company is in the safe zone and there is no funny business with accruals.


Union Pacific Sloan Ratio % Historical Data

The historical data trend for Union Pacific'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.

Union Pacific Sloan Ratio % Chart

Union Pacific Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 -0.83 0.31 1.69 2.48

Union Pacific Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.23 1.94 2.48 2.48 2.07

Competitive Comparison of Union Pacific's Sloan Ratio %

For the Railroads subindustry, Union Pacific'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.


Union Pacific's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Union Pacific's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Union Pacific's Sloan Ratio % falls into.



Union Pacific 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.

Union Pacific's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(6379-8379
--3667)/67132
=2.48%

Union Pacific's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2024 )
=(6390-8661
--3664)/67266
=2.07%

Union Pacific's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1569 (Jun. 2023 ) + 1528 (Sep. 2023 ) + 1652 (Dec. 2023 ) + 1641 (Mar. 2024 ) = $6,390 Mil.
Union Pacific's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 2018 (Jun. 2023 ) + 2126 (Sep. 2023 ) + 2395 (Dec. 2023 ) + 2122 (Mar. 2024 ) = $8,661 Mil.
Union Pacific's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -869 (Jun. 2023 ) + -976 (Sep. 2023 ) + -1017 (Dec. 2023 ) + -802 (Mar. 2024 ) = $-3,664 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.


Union Pacific  (NYSE:UNP) 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. 2024, Union Pacific has a Sloan Ratio of 2.07%, indicating the company is in the safe zone and there is no funny business with accruals.


Union Pacific Sloan Ratio % Related Terms

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Union Pacific (Union Pacific) Business Description

Address
1400 Douglas Street, Omaha, NE, USA, 68179
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the U.S., UP generated $25 billion of revenue in 2022 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and derives roughly 10% of its revenue hauling freight to and from Mexico.
Executives
Jennifer L Hamann officer: EVP & CHIEF FINANCIAL OFFICER 1400 DOUGLAS STREET, OMAHA NE 68130
Eric J Gehringer officer: EVP Operations 1400 DOUGLAS STREET, OMAHA NE 68179
Kenyatta G Rocker officer: EVP Marketing & Sales 1400 DOUGLAS STREET, OMAHA NE 68179
John Wiehoff director
Doyle Simons director 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104
Rahul Jalali officer: EVP & CIO 1400 DOUGLAS STREET, OMAHA NE 68179
Elizabeth F Whited officer: EVP & CHIEF MARKETING OFFICER 1400 DOUGLAS ST, OMAHA NE 68179
Teresa M. Finley director 927 STOVALL BOULEVARD NE, ATLANTA GA 30319
Sheri H. Edison director 1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Todd M. Rynaski officer: VP CONTROLLER & CAO UPC 1400 DOUGLAS STREET, STOP 1780, OMAHA NE 68179
Craig V Richardson officer: EVP CLO & Corp Sec 1400 DOUGLAS STREET, OMAHA NE 68179
Delaney William J Iii director 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Vincenzo J Vena officer: CHIEF OPERATING OFFICER 1400 DOUGLAS STREET, OMAHA NE 68179
Christopher J Williams director 650 FIFTH AVE, 10TH FL, NEW YORK NY 10019
Knight Robert M Jr officer: Senior Vice President Finance UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179