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.
Bangkok Chain Hospital's Sloan Ratio for the quarter that ended in Mar. 2024 was -6.85%.
As of Mar. 2024, Bangkok Chain Hospital has a Sloan Ratio of -6.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Bangkok Chain Hospital 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 Bangkok Chain Hospital's Sloan Ratio %
For the Medical Care Facilities subindustry, Bangkok Chain Hospital'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.
Bangkok Chain Hospital's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Bangkok Chain Hospital's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bangkok Chain Hospital's Sloan Ratio % falls into.
Bangkok Chain Hospital 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.
Bangkok Chain Hospital's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Bangkok Chain Hospital's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 284.324 (Jun. 2023 ) + 440.696 (Sep. 2023 ) + 427.47 (Dec. 2023 ) + 318.894 (Mar. 2024 ) = ฿1,471 Mil.
Bangkok Chain Hospital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 784.011 (Jun. 2023 ) + 1144.982 (Sep. 2023 ) + 989.68 (Dec. 2023 ) + 675.853 (Mar. 2024 ) = ฿3,595 Mil.
Bangkok Chain Hospital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -176.376 (Jun. 2023 ) + -123.756 (Sep. 2023 ) + -344.055 (Dec. 2023 ) + -311.646 (Mar. 2024 ) = ฿-956 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.
Bangkok Chain Hospital (BKK:BCH) 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, Bangkok Chain Hospital has a Sloan Ratio of -6.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Bangkok Chain Hospital Sloan Ratio % Related Terms
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Bangkok Chain Hospital (BKK:BCH) Business Description
Bangkok Chain Hospital PLC is engaged in operating private hospitals, nursing businesses to provide medical treatment to patients with a total of 15 chained hospitals in Bangkok vicinity, Chiang Rai, Saraburi, Nonthaburi, Pathumthani, Ayudhaya, Chachoengsao, Prachinburi, Sa Kaeo Province, and Lao People's Democratic Republic as well as selling healthy drinks, providing medical analysis and research services in operation rooms, and providing assets management services relevant to the hospital and property for rent. Its geographical segments are the Kingdom of Thailand and the Lao People's Democratic Republic.
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