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.
Srithai Superware PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -5.96%.
As of Mar. 2024, Srithai Superware PCL has a Sloan Ratio of -5.96%, indicating the company is in the safe zone and there is no funny business with accruals.
Srithai Superware PCL Sloan Ratio % Historical Data
The historical data trend for Srithai Superware 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 Srithai Superware PCL's Sloan Ratio %
For the Packaging & Containers subindustry, Srithai Superware 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.
Srithai Superware PCL's Sloan Ratio % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Srithai Superware PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Srithai Superware PCL's Sloan Ratio % falls into.
Srithai Superware 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.
Srithai Superware PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Srithai Superware PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 90.151 (Jun. 2023 ) + 94.65 (Sep. 2023 ) + 105.594 (Dec. 2023 ) + 119.438 (Mar. 2024 ) = ฿410 Mil.
Srithai Superware PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 358.407 (Jun. 2023 ) + 298.423 (Sep. 2023 ) + 55.854 (Dec. 2023 ) + 313.678 (Mar. 2024 ) = ฿1,026 Mil.
Srithai Superware PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -61.238 (Jun. 2023 ) + -72.184 (Sep. 2023 ) + 61.918 (Dec. 2023 ) + -91.796 (Mar. 2024 ) = ฿-163 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.
Srithai Superware PCL (BKK:SITHAI) 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, Srithai Superware PCL has a Sloan Ratio of -5.96%, indicating the company is in the safe zone and there is no funny business with accruals.
Srithai Superware PCL Sloan Ratio % Related Terms
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Srithai Superware PCL (BKK:SITHAI) Business Description
Srithai Superware PCL is principally engaged in the manufacture and distribution of plastics products such as plastic products for household and plastic products for industry and the manufacture and distribution of moulds. The company's business is divided into a plastic business line, consisting of household products business unit and industrial products business unit, and moulds and others business line.
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