What is PT Adaro Energy Indonesia 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.
* 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 PT Adaro Energy Indonesia Tbk's Sloan Ratio %
For the Thermal Coal subindustry, PT Adaro Energy Indonesia 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 Adaro Energy Indonesia Tbk's Sloan Ratio % Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Adaro Energy Indonesia Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Adaro Energy Indonesia Tbk's Sloan Ratio % falls into.
PT Adaro Energy Indonesia 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 Adaro Energy Indonesia Tbk's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 458.042 (Mar. 2023 ) + 415.793 (Jun. 2023 ) + 345.063 (Sep. 2023 ) + 422.539 (Dec. 2023 ) = $1,641 Mil.
PT Adaro Energy Indonesia Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -396.514 (Mar. 2023 ) + 468.142 (Jun. 2023 ) + 727.211 (Sep. 2023 ) + 353.919 (Dec. 2023 ) = $1,153 Mil.
PT Adaro Energy Indonesia Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -115.535 (Mar. 2023 ) + -135.263 (Jun. 2023 ) + -140.791 (Sep. 2023 ) + -190.837 (Dec. 2023 ) = $-582 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 Adaro Energy Indonesia Tbk (OTCPK:ADOOY) 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 Adaro Energy Indonesia Tbk has a Sloan Ratio of 10.23%, indicating there is a warning stage of accrual build up.
PT Adaro Energy Indonesia Tbk Sloan Ratio % Related Terms
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PT Adaro Energy Indonesia Tbk (PT Adaro Energy Indonesia Tbk) Business Description
PT Adaro Energy Indonesia Tbk is an Indonesia-based energy group that focuses on integrated coal mining. The company's primary location is in the Tabalong district in South Kalimantan, where its subsidiary PT Adaro Indonesia operates the single-site coal mine in the southern hemisphere. The company produces thermal coal, which is marketed under the brand name Envirocoal. The company's main customers are blue-chip power utilities, and roughly three-quarters of its coal is produced for foreign customers, with the remainder in Indonesia. In addition to the core mining business, the company also engages in barging, ship-loading, dredging, port services, marketing, and power generation. Its segment comprises coal mining and trading, mining services, logistics, and others.
PT Adaro Energy Indonesia Tbk (PT Adaro Energy Indonesia Tbk) Headlines
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