What is Tien Wah Press Holdings 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 Mar. 2024, Tien Wah Press Holdings Bhd has a Sloan Ratio of 0.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Tien Wah Press Holdings 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 Tien Wah Press Holdings Bhd's Sloan Ratio %
For the Specialty Business Services subindustry, Tien Wah Press Holdings 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.
Tien Wah Press Holdings Bhd's Sloan Ratio % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Tien Wah Press Holdings Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tien Wah Press Holdings Bhd's Sloan Ratio % falls into.
Tien Wah Press Holdings 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.
Tien Wah Press Holdings Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 0.983 (Jun. 2023 ) + 2.451 (Sep. 2023 ) + 4.12 (Dec. 2023 ) + 0.267 (Mar. 2024 ) = RM7.8 Mil.
Tien Wah Press Holdings Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 24.048 (Jun. 2023 ) + 22.706 (Sep. 2023 ) + 12.366 (Dec. 2023 ) + 4.976 (Mar. 2024 ) = RM64.1 Mil.
Tien Wah Press Holdings Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -23.45 (Jun. 2023 ) + -8.764 (Sep. 2023 ) + -12.97 (Dec. 2023 ) + -14.372 (Mar. 2024 ) = RM-59.6 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.
Tien Wah Press Holdings Bhd (XKLS:7374) 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, Tien Wah Press Holdings Bhd has a Sloan Ratio of 0.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Tien Wah Press Holdings Bhd Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Tien Wah Press Holdings Bhd's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tien Wah Press Holdings Bhd (XKLS:7374) Business Description
Tien Wah Press Holdings Bhd is a print packaging company. It offers a packaging solution and produces mainly gravure and offset printed materials for tobacco packaging including cigarette packs, fast-moving consumer product packaging, and labels. Products of the group include flat unglued blanks, crash bottom or auto-lock cartons, labeled cartons, cartons with peelable labels/stickers, clamshells, and trays, UV coated cartons, glued skillet cartons, multiwall cartons comprising inner frames, cartons with CD inserts and barrier coated carton for grease and moisture resistance. The operating segment of the company is Printing and Trading and is managed on a worldwide basis and manufacturing facilities and sales offices are in Malaysia, Vietnam, Australia, United Arab Emirates, and Hong Kong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:7374 has been successfully added to your 