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.
As of Mar. 2024, Shantidoot Infra Services has a Sloan Ratio of -0.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Shantidoot Infra Services 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 Shantidoot Infra Services's Sloan Ratio %
For the Engineering & Construction subindustry, Shantidoot Infra Services'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.
Shantidoot Infra Services's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Shantidoot Infra Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shantidoot Infra Services's Sloan Ratio % falls into.
Shantidoot Infra Services 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.
Shantidoot Infra Services's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Shantidoot Infra Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 3.892 (Sep. 2023 ) + 8.49 (Mar. 2024 ) = ₹12.4 Mil.
Shantidoot Infra Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -3.423 (Sep. 2023 ) + 21.874 (Mar. 2024 ) = ₹18.5 Mil.
Shantidoot Infra Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -0.186 (Sep. 2023 ) + -5.657 (Mar. 2024 ) = ₹-5.8 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.
Shantidoot Infra Services (BOM:543598) 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, Shantidoot Infra Services has a Sloan Ratio of -0.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Shantidoot Infra Services Sloan Ratio % Related Terms
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Shantidoot Infra Services (BOM:543598) Business Description
Shantidoot Infra Services Ltd is a specialized provider of construction services to the education, healthcare and hospitality sectors. Apart from undertaking new projects the company also carry out projects of re-designing, re-modeling and renovating institutions as per the need of clients. It categorize projects mainly into two segments namely Government sector and Private sector. It is also focused primarily on construction and development of residential and commercial projects, in and around Bihar. The company secure private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.
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