President Automobile Industries PCL (BKK:PACO) Sloan Ratio % : -4.22% (As of Mar. 2024)

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What is President Automobile Industries PCL 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.

President Automobile Industries PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -4.22%.

As of Mar. 2024, President Automobile Industries PCL has a Sloan Ratio of -4.22%, indicating the company is in the safe zone and there is no funny business with accruals.

President Automobile Industries PCL Sloan Ratio % Historical Data

The historical data trend for President Automobile Industries PCL'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.

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President Automobile Industries PCL Sloan Ratio % Chart

President Automobile Industries PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

-8.20

4.56

21.61

-5.64

President Automobile Industries PCL Quarterly Data
	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													12.59	9.49	-2.18	-5.64	-4.22

Competitive Comparison of President Automobile Industries PCL's Sloan Ratio %

For the Auto Parts subindustry, President Automobile Industries 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.

President Automobile Industries PCL's Sloan Ratio % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, President Automobile Industries PCL's Sloan Ratio % distribution charts can be found below:

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

President Automobile Industries 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.

President Automobile Industries PCL'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 )
	=	(73.199	-	166.97
	-	-17.043)	/	1361.55
	=	-5.64%

President Automobile Industries PCL'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 )
	=	(116.286	-	188.084
	-	-12.949)	/	1393.987
	=	-4.22%

President Automobile Industries PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 23.88 (Jun. 2023 ) + 31.69 (Sep. 2023 ) + 14.223 (Dec. 2023 ) + 46.493 (Mar. 2024 ) = ฿116 Mil.
President Automobile Industries PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 1.212 (Jun. 2023 ) + 99.074 (Sep. 2023 ) + 14.3 (Dec. 2023 ) + 73.498 (Mar. 2024 ) = ฿188 Mil.
President Automobile Industries PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -7.162 (Jun. 2023 ) + -2.448 (Sep. 2023 ) + -1.268 (Dec. 2023 ) + -2.071 (Mar. 2024 ) = ฿-13 Mil.

President Automobile Industries PCL (BKK:PACO) 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, President Automobile Industries PCL has a Sloan Ratio of -4.22%, indicating the company is in the safe zone and there is no funny business with accruals.

President Automobile Industries PCL Sloan Ratio % Related Terms

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President Automobile Industries PCL (BKK:PACO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » President Automobile Industries PCL (BKK:PACO) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Satethakit 1 Road, 88/8, Moo 9, Soi Wor-Por-Or 11 (Piset), Suanluang, Kratumban, Samutsakorn, THA, 74110

Website

https://www.paco.co.th

President Automobile Industries PCL is engaged in two reportable segments the manufacture and distribution of automotive air conditioning components and the trading segment. The products offered by the company are condensers, evaporators, compressors, oil coolers, Air conditioning electrical parts, refrigerants, intercoolers and other accessories. The company has a business presence in Thailand, the Middle East, South East Asia, South Asia, North America, South America, Europe, East Asia and other regions.

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