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.
SFI PJSC's Sloan Ratio for the quarter that ended in Jun. 2023 was 10.51%.
As of Jun. 2023, SFI PJSC has a Sloan Ratio of 10.51%, indicating there is a warning stage of accrual build up.
SFI PJSC Sloan Ratio % Historical Data
The historical data trend for SFI PJSC'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 SFI PJSC's Sloan Ratio %
For the Rental & Leasing Services subindustry, SFI 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.
SFI PJSC's Sloan Ratio % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, SFI PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SFI PJSC's Sloan Ratio % falls into.
SFI 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.
SFI PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
SFI PJSC's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 154.695 (Jun. 2022 ) + 10979.164 (Jun. 2023 ) = ₽11,134 Mil.
SFI PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 977.27 (Jun. 2022 ) + -17934.503 (Jun. 2023 ) = ₽-16,957 Mil.
SFI PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was 249.998 (Jun. 2022 ) + -105.09 (Jun. 2023 ) = ₽145 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.
SFI PJSC (MIC:SFIN) 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, SFI PJSC has a Sloan Ratio of 10.51%, indicating there is a warning stage of accrual build up.
SFI PJSC Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of SFI PJSC's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
SFI PJSC formerly Safmar Financial Investment PJSC is engaged in the leasing business. It is mainly involved in the leasing of various types of automobiles and equipment to individual entrepreneurs and legal entities within the Russian Federation. The group purchases leasing assets from suppliers operating in the territory of the Russian Federation. Further, the group is also involved in pension activity, insurance activity, corporate center, and cession/Banking activity. The firm generates the majority of its revenue from the leasing division.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MIC:SFIN has been successfully added to your 