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.
Singer Sri Lanka's Sloan Ratio for the quarter that ended in Mar. 2024 was 7.32%.
As of Mar. 2024, Singer Sri Lanka has a Sloan Ratio of 7.32%, indicating the company is in the safe zone and there is no funny business with accruals.
Singer Sri Lanka Sloan Ratio % Historical Data
The historical data trend for Singer Sri Lanka'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 Singer Sri Lanka's Sloan Ratio %
For the Specialty Retail subindustry, Singer Sri Lanka'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.
Singer Sri Lanka's Sloan Ratio % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Singer Sri Lanka's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Singer Sri Lanka's Sloan Ratio % falls into.
Singer Sri Lanka 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.
Singer Sri Lanka's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Singer Sri Lanka's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -893.798 (Jun. 2023 ) + -635.464 (Sep. 2023 ) + 1007.713 (Dec. 2023 ) + 361.737 (Mar. 2024 ) = රු-160 Mil.
Singer Sri Lanka's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 2865.643 (Jun. 2023 ) + -2065.14 (Sep. 2023 ) + -884.389 (Dec. 2023 ) + -6814.6 (Mar. 2024 ) = රු-6,898 Mil.
Singer Sri Lanka's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 1128.212 (Jun. 2023 ) + -4653.364 (Sep. 2023 ) + 621.707 (Dec. 2023 ) + 2768.981 (Mar. 2024 ) = රු-134 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.
Singer Sri Lanka (COL:SINS.N0000) 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, Singer Sri Lanka has a Sloan Ratio of 7.32%, indicating the company is in the safe zone and there is no funny business with accruals.
Singer Sri Lanka Sloan Ratio % Related Terms
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Singer Sri Lanka (COL:SINS.N0000) Business Description
Singer Sri Lanka PLC is a Sri Lanka based appliance retailer. It is engaged in marketing of household electrical products. It operates in seven segments including Consumer Electronics that offers televisions, audios and other electronic products. Financial Services segment offers leasing, hire purchase and loans. Furniture segment offers wood and layered furniture, sofa sets, steel furniture, and mattress. Home Appliances offer refrigerators, washing machines, deep freezers. Digital Products include laptops and smartphones. Sewing segment offers domestic and industrial sewing machines and general merchandise Other segment offers motorbikes, bicycles, water pumps, paddy threshers, and tractors. The company generates maximum revenue from the Home Appliances segment.
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