What is Petronas Chemicals Group Bhd 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 Dec. 2023, Petronas Chemicals Group Bhd has a Sloan Ratio of -1.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Petronas Chemicals Group Bhd 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 Petronas Chemicals Group Bhd's Sloan Ratio %
For the Chemicals subindustry, Petronas Chemicals Group Bhd'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.
Petronas Chemicals Group Bhd's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Petronas Chemicals Group Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Petronas Chemicals Group Bhd's Sloan Ratio % falls into.
Petronas Chemicals Group Bhd 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.
Petronas Chemicals Group Bhd's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 119.176 (Mar. 2023 ) + 135.634 (Jun. 2023 ) + 90.548 (Sep. 2023 ) + 24.045 (Dec. 2023 ) = $369 Mil.
Petronas Chemicals Group Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 255.152 (Mar. 2023 ) + 281.419 (Jun. 2023 ) + 252.637 (Sep. 2023 ) + 320.739 (Dec. 2023 ) = $1,110 Mil.
Petronas Chemicals Group Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -89.83 (Mar. 2023 ) + -141.898 (Jun. 2023 ) + -102.507 (Sep. 2023 ) + -226.492 (Dec. 2023 ) = $-561 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.
Petronas Chemicals Group Bhd (OTCPK:PECGF) 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 Dec. 2023, Petronas Chemicals Group Bhd has a Sloan Ratio of -1.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Petronas Chemicals Group Bhd Sloan Ratio % Related Terms
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Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Business Description
Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers and Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia.
Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Headlines
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