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.
ASIA Capital Group PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -6.53%.
As of Mar. 2024, ASIA Capital Group PCL has a Sloan Ratio of -6.53%, indicating the company is in the safe zone and there is no funny business with accruals.
ASIA Capital Group PCL 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 ASIA Capital Group PCL's Sloan Ratio %
For the Credit Services subindustry, ASIA Capital Group PCL'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.
ASIA Capital Group PCL's Sloan Ratio % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, ASIA Capital Group PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ASIA Capital Group PCL's Sloan Ratio % falls into.
ASIA Capital Group PCL 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.
ASIA Capital Group PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
ASIA Capital Group PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -83.461 (Jun. 2023 ) + 172.71 (Sep. 2023 ) + 349.261 (Dec. 2023 ) + -66.956 (Mar. 2024 ) = ฿371.6 Mil.
ASIA Capital Group PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -11.969 (Jun. 2023 ) + 164.021 (Sep. 2023 ) + -15.75 (Dec. 2023 ) + -13.003 (Mar. 2024 ) = ฿123.3 Mil.
ASIA Capital Group PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 14.23 (Jun. 2023 ) + 303.244 (Sep. 2023 ) + 45.57 (Dec. 2023 ) + 64 (Mar. 2024 ) = ฿427.0 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.
ASIA Capital Group PCL (BKK:ACAP) 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 Mar. 2024, ASIA Capital Group PCL has a Sloan Ratio of -6.53%, indicating the company is in the safe zone and there is no funny business with accruals.
ASIA Capital Group PCL Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of ASIA Capital Group PCL's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
ASIA Capital Group PCL (BKK:ACAP) Business Description
ASIA Capital Group PCL is a company engaged in the provision of financial advisory services. The company operates through two segments namely Lending and factoring and Others. Its Lending services offer personal and business loans. In addition, it provides debt restructuring, preparation, and management of rehabilitation plans, fundraising, financial restructuring, seeking strategic alliances, purchase and sales, and merger and acquisition. Further, it is also involved in the factoring business.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:ACAP has been successfully added to your 