What is PT Indocement Tunggal Prakarsa 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 Dec. 2023, PT Indocement Tunggal Prakarsa Tbk has a Sloan Ratio of 0.72%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk Sloan Ratio % Chart
Competitive Comparison of PT Indocement Tunggal Prakarsa Tbk's Sloan Ratio %
For the Building Materials subindustry, PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk's Sloan Ratio % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, PT Indocement Tunggal Prakarsa Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Indocement Tunggal Prakarsa Tbk's Sloan Ratio % falls into.
PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 24.656 (Mar. 2023 ) + 21.766 (Jun. 2023 ) + 36.638 (Sep. 2023 ) + 44.305 (Dec. 2023 ) = $127 Mil.
PT Indocement Tunggal Prakarsa Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 3.609 (Mar. 2023 ) + -6.849 (Jun. 2023 ) + 92.519 (Sep. 2023 ) + 136.038 (Dec. 2023 ) = $225 Mil.
PT Indocement Tunggal Prakarsa Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -7.73 (Mar. 2023 ) + -6.762 (Jun. 2023 ) + -0.606 (Sep. 2023 ) + -96.609 (Dec. 2023 ) = $-112 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 Indocement Tunggal Prakarsa Tbk (OTCPK:PITPY) 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, PT Indocement Tunggal Prakarsa Tbk has a Sloan Ratio of 0.72%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Indocement Tunggal Prakarsa Tbk Sloan Ratio % Related Terms
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PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement, concrete, and cement-related products. The firm operates in three segments cement, ready-mix concrete, and aggregates quarries. The Cement segment, which generates the vast majority of revenue, sells cement under the Tiga Roda brand, primarily to retailers and the residential construction industry. The Ready-Mix Concrete segment sells concrete to the building and construction industries.
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