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. 2023, Sui Northern Gas Pipelines has a Sloan Ratio of 2.34%, indicating the company is in the safe zone and there is no funny business with accruals.
Sui Northern Gas Pipelines 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 Sui Northern Gas Pipelines's Sloan Ratio %
For the Utilities - Regulated Gas subindustry, Sui Northern Gas Pipelines'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.
Sui Northern Gas Pipelines's Sloan Ratio % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Sui Northern Gas Pipelines's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sui Northern Gas Pipelines's Sloan Ratio % falls into.
Sui Northern Gas Pipelines 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.
Sui Northern Gas Pipelines's Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was 928.923 (Jun. 2022 ) + 2577.21 (Sep. 2022 ) + 3541.054 (Dec. 2022 ) + 2280.693 (Mar. 2023 ) = ₨9,328 Mil.
Sui Northern Gas Pipelines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2023 was 15751.237 (Jun. 2022 ) + 7765.97 (Sep. 2022 ) + -27750.251 (Dec. 2022 ) + 6408.788 (Mar. 2023 ) = ₨2,176 Mil.
Sui Northern Gas Pipelines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2023 was -8000.743 (Jun. 2022 ) + -3967.595 (Sep. 2022 ) + -11600.889 (Dec. 2022 ) + -7909.773 (Mar. 2023 ) = ₨-31,479 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.
Sui Northern Gas Pipelines (KAR:SNGP) 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. 2023, Sui Northern Gas Pipelines has a Sloan Ratio of 2.34%, indicating the company is in the safe zone and there is no funny business with accruals.
Sui Northern Gas Pipelines Sloan Ratio % Related Terms
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Sui Northern Gas Pipelines (KAR:SNGP) Business Description
Sui Northern Gas Pipelines Ltd is a part of the utility sector. The company is engaged in the purchase, transmission, distribution, and supply of natural gas. It has also expanded its activities like engineering, procurement, and construction (EPC) contractor to undertake the planning, designing, and construction of pipelines, both for itself and other organizations.
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