What is Federal Grid Company Rosseti PJSC 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 Jun. 2023, Federal Grid Company Rosseti PJSC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Federal Grid Company Rosseti PJSC 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.
* Premium members only.
Federal Grid Company Rosseti PJSC Sloan Ratio % Chart
Competitive Comparison of Federal Grid Company Rosseti PJSC's Sloan Ratio %
For the Utilities - Regulated Electric subindustry, Federal Grid Company Rosseti PJSC'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.
Federal Grid Company Rosseti PJSC's Sloan Ratio % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Federal Grid Company Rosseti PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Federal Grid Company Rosseti PJSC's Sloan Ratio % falls into.
Federal Grid Company Rosseti PJSC 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.
Federal Grid Company Rosseti PJSC's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 19574 (Mar. 2021 ) + 16998 (Jun. 2021 ) + 18159 (Sep. 2021 ) + 48661 (Jun. 2023 ) = ₽103,392 Mil.
Federal Grid Company Rosseti PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 35875 (Mar. 2021 ) + 37539 (Jun. 2021 ) + 27709 (Sep. 2021 ) + 0 (Jun. 2023 ) = ₽101,123 Mil.
Federal Grid Company Rosseti PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -21904 (Mar. 2021 ) + -8316 (Jun. 2021 ) + -13973 (Sep. 2021 ) + 0 (Jun. 2023 ) = ₽-44,193 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.
Federal Grid Company Rosseti PJSC (MIC:FEES) 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 Jun. 2023, Federal Grid Company Rosseti PJSC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Federal Grid Company Rosseti PJSC Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Federal Grid Company Rosseti PJSC's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Federal Grid Company Rosseti PJSC (MIC:FEES) Business Description
Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.
Federal Grid Company Rosseti PJSC (MIC:FEES) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MIC:FEES has been successfully added to your 