What is Petrovietnam Fertilizer And Chemicals 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 Mar. 2024, Petrovietnam Fertilizer And Chemicals has a Sloan Ratio of -0.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Petrovietnam Fertilizer And Chemicals 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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Petrovietnam Fertilizer And Chemicals Sloan Ratio % Chart
Competitive Comparison of Petrovietnam Fertilizer And Chemicals's Sloan Ratio %
For the Chemicals subindustry, Petrovietnam Fertilizer And Chemicals'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.
Petrovietnam Fertilizer And Chemicals's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Petrovietnam Fertilizer And Chemicals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Petrovietnam Fertilizer And Chemicals's Sloan Ratio % falls into.
Petrovietnam Fertilizer And Chemicals 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.
Petrovietnam Fertilizer And Chemicals's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 100848.024 (Jun. 2023 ) + 64023.287 (Sep. 2023 ) + 94486.045 (Dec. 2023 ) + 264180.486 (Mar. 2024 ) = ₫523,538 Mil.
Petrovietnam Fertilizer And Chemicals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 391698.23 (Jun. 2023 ) + 647675.709 (Sep. 2023 ) + 7701.032 (Dec. 2023 ) + 346482.285 (Mar. 2024 ) = ₫1,393,557 Mil.
Petrovietnam Fertilizer And Chemicals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1007001.663 (Jun. 2023 ) + 437605.445 (Sep. 2023 ) + 713852.439 (Dec. 2023 ) + -909629.72 (Mar. 2024 ) = ₫-765,173 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.
Petrovietnam Fertilizer And Chemicals (STC:DPM) 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. 2024, Petrovietnam Fertilizer And Chemicals has a Sloan Ratio of -0.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Petrovietnam Fertilizer And Chemicals Sloan Ratio % Related Terms
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Petrovietnam Fertilizer And Chemicals (STC:DPM) Business Description
Petrovietnam Fertilizer And Chemicals Corp produces and trades fertilizer and chemicals. The company's products portfolio includes Urea, NPK, MOP, SA, DAP fertilizers for the agriculture sector, liquid Ammonia and UFC85/ Formaldehyde. Its segments are Production and trading of fertilizer and chemicals, and Construction of civil works and rendering of other services. Its majority of revenue is derived from production and trading of chemicals and fertilizers. The company distributes fertilizer, chemicals, packages, and services to the North, Central Region, Southeast, Southwest and Ho Chi Minh City.
Petrovietnam Fertilizer And Chemicals (STC:DPM) Headlines
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