What is PT Alamtri Resources 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.
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PT Alamtri Resources Indonesia Tbk Sloan Ratio % Chart
Competitive Comparison of PT Alamtri Resources Indonesia Tbk's Sloan Ratio %
For the Thermal Coal subindustry, PT Alamtri Resources 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 Alamtri Resources Indonesia Tbk's Sloan Ratio % Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Alamtri Resources Indonesia Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Alamtri Resources Indonesia Tbk's Sloan Ratio % falls into.
PT Alamtri Resources 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 Alamtri Resources Indonesia Tbk's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 374.345 (Mar. 2024 ) + 404.428 (Jun. 2024 ) + 404.155 (Sep. 2024 ) + 197.085 (Dec. 2024 ) = $1,380 Mil.
PT Alamtri Resources Indonesia Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 489.278 (Mar. 2024 ) + 543.763 (Jun. 2024 ) + 513.416 (Sep. 2024 ) + 469.689 (Dec. 2024 ) = $2,016 Mil.
PT Alamtri Resources Indonesia Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -205.224 (Mar. 2024 ) + -194.462 (Jun. 2024 ) + -206.564 (Sep. 2024 ) + 2040.545 (Dec. 2024 ) = $1,434 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 Alamtri Resources 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. 2024, PT Alamtri Resources Indonesia Tbk has a Sloan Ratio of -30.89%, indicating earnings are more likely to be made up of accruals.
PT Alamtri Resources Indonesia Tbk Sloan Ratio % Related Terms
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PT Alamtri Resources Indonesia Tbk Business Description
PT Alamtri Resources Indonesia Tbk, formerly PT Adaro Energy Indonesia Tbk is an integrated mining, energy, and minerals company. The company produces thermal coal, which is marketed under the brand name Envirocoal, and is also engaged in the production of hard coking coal. The company's main customers are blue-chip power utilities companies. In addition to the core mining business, the company also engages in barging, ship-loading, dredging, port services, marketing, power generation, and other businesses through its subsidiaries. The company's operating segments are; coal mining and trading which generates key revenue, mining services, logistics, and others.
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