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.
Roctec Global PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -5.46%.
As of Mar. 2024, Roctec Global PCL has a Sloan Ratio of -5.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Roctec Global PCL Sloan Ratio % Historical Data
The historical data trend for Roctec Global 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.
Competitive Comparison of Roctec Global PCL's Sloan Ratio %
For the Advertising Agencies subindustry, Roctec Global 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.
Roctec Global PCL's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Roctec Global PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Roctec Global PCL's Sloan Ratio % falls into.
Roctec Global 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.
Roctec Global PCL's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Roctec Global PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 42.323 (Jun. 2023 ) + 56.302 (Sep. 2023 ) + 67.907 (Dec. 2023 ) + 66.113 (Mar. 2024 ) = ฿233 Mil.
Roctec Global PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -48.154 (Jun. 2023 ) + 66.405 (Sep. 2023 ) + 176.374 (Dec. 2023 ) + 429.85 (Mar. 2024 ) = ฿624 Mil.
Roctec Global PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -23.356 (Jun. 2023 ) + -242.223 (Sep. 2023 ) + 16.355 (Dec. 2023 ) + 239.079 (Mar. 2024 ) = ฿-10 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.
Roctec Global PCL (BKK:ROCTEC) 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, Roctec Global PCL has a Sloan Ratio of -5.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Roctec Global PCL Sloan Ratio % Related Terms
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Roctec Global PCL (BKK:ROCTEC) Business Description
Roctec Global PCL formerly Master Ad PCL is engaged in the business of advertising, particularly in Thailand. It is a provider of outdoor advertising media. The company has two reportable segments namely Advertising and System installation service segment. It generates maximum revenue from the System installation service segment. The company provides different products and services namely Billboard, Street Furniture, Overseas ADS, Creative OOH, and LED Advertising.
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