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.
Airports Of Thailand's Sloan Ratio for the quarter that ended in Dec. 2023 was 2.49%.
As of Dec. 2023, Airports Of Thailand has a Sloan Ratio of 2.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Airports Of Thailand Sloan Ratio % Historical Data
The historical data trend for Airports Of Thailand's Sloan Ratio % can be seen below:
* 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 Airports Of Thailand's Sloan Ratio %
For the Airports & Air Services subindustry, Airports Of Thailand'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.
Airports Of Thailand's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Airports Of Thailand's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Airports Of Thailand's Sloan Ratio % falls into.
Airports Of Thailand 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.
Airports Of Thailand's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as
Airports Of Thailand's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 53.985 (Mar. 2023 ) + 90.391 (Jun. 2023 ) + 95.637 (Sep. 2023 ) + 130.443 (Dec. 2023 ) = $370 Mil.
Airports Of Thailand's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 116.59 (Mar. 2023 ) + 140.269 (Jun. 2023 ) + 130.428 (Sep. 2023 ) + 192.478 (Dec. 2023 ) = $580 Mil.
Airports Of Thailand's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -55.746 (Mar. 2023 ) + -73.741 (Jun. 2023 ) + -99.254 (Sep. 2023 ) + -118.636 (Dec. 2023 ) = $-347 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.
Airports Of Thailand (OTCPK:AIPUF) 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, Airports Of Thailand has a Sloan Ratio of 2.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Airports Of Thailand Sloan Ratio % Related Terms
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Airports Of Thailand (Airports Of Thailand) Business Description
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. Revenue is generated primarily from two sources: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue primarily results from office and state property rents. Additionally, Airports of Thailand has invested in other companies to provide services and products related to its airports. Its investments are wide-ranging, including hotels, aviation fuel services, and catering services.
Airports Of Thailand (Airports Of Thailand) Headlines
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