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.
Beauty Community PCL's Sloan Ratio for the quarter that ended in Jun. 2024 was -16.69%.
As of Jun. 2024, Beauty Community PCL has a Sloan Ratio of -16.69%, indicating there is a warning stage of accrual build up.
Beauty Community PCL Sloan Ratio % Historical Data
The historical data trend for Beauty Community PCL'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 Beauty Community PCL's Sloan Ratio %
For the Household & Personal Products subindustry, Beauty Community PCL'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.
Beauty Community PCL's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Beauty Community PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Beauty Community PCL's Sloan Ratio % falls into.
Beauty Community PCL 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.
Beauty Community PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Beauty Community PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -11.153 (Sep. 2023 ) + -25.523 (Dec. 2023 ) + -1.773 (Mar. 2024 ) + -29.967 (Jun. 2024 ) = ฿-68.4 Mil.
Beauty Community PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was -17.492 (Sep. 2023 ) + 14.668 (Dec. 2023 ) + 24.795 (Mar. 2024 ) + -4.568 (Jun. 2024 ) = ฿17.4 Mil.
Beauty Community PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 59.297 (Sep. 2023 ) + -1.594 (Dec. 2023 ) + -0.59 (Mar. 2024 ) + -10.8 (Jun. 2024 ) = ฿46.3 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.
Beauty Community PCL (BKK:BEAUTY) 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 Jun. 2024, Beauty Community PCL has a Sloan Ratio of -16.69%, indicating there is a warning stage of accrual build up.
Beauty Community PCL Sloan Ratio % Related Terms
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Beauty Community PCL sells skincare, makeup, and accessories throughout Thailand and other countries in Asia under the concepts of Beauty Buffet, Beauty Cottage, Beauty Market, and Made in Nature. The company offers a broad product range, including beauty accessories, makeup, facial care, body care, hair care, and beauty drink and food supplement products. The company distributes its products through several channels, including retail shops, e-commerce, consumer product, and overseas. It operates in the retail and non-retail business segments. Most revenue is earned from the retail operating segment, and sales are highest in the retail shops channel. Sales by product is highest for skin care and sales by geographic location are highest in Bangkok and vicinity.
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