What is PT Mandiri Herindo Adiperkasa Tbk 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.
As of Mar. 2024, PT Mandiri Herindo Adiperkasa Tbk has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Mandiri Herindo Adiperkasa Tbk 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.
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PT Mandiri Herindo Adiperkasa Tbk Sloan Ratio % Chart
Competitive Comparison of PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio %
For the Trucking subindustry, PT Mandiri Herindo Adiperkasa Tbk'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.
PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Sloan Ratio % falls into.
PT Mandiri Herindo Adiperkasa Tbk 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.
PT Mandiri Herindo Adiperkasa Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 41026.288 (Mar. 2023 ) + 0 (Sep. 2023 ) + 145488.541 (Dec. 2023 ) + 73204.886 (Mar. 2024 ) = Rp259,720 Mil.
PT Mandiri Herindo Adiperkasa Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 114606.254 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 70537.818 (Mar. 2024 ) = Rp185,144 Mil.
PT Mandiri Herindo Adiperkasa Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -46481.126 (Mar. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + -82989.083 (Mar. 2024 ) = Rp-129,470 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.
PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) 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, PT Mandiri Herindo Adiperkasa Tbk has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Mandiri Herindo Adiperkasa Tbk Sloan Ratio % Related Terms
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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Business Description
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. Mandiri Services strives to provide safe, efficient, and effective mining services. Its focus is to provide prosperity and energy to the people of Indonesia through consistent and sustainable innovation toward a better future. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer.
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