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.
Berli Jucker PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -2.48%.
As of Mar. 2024, Berli Jucker PCL has a Sloan Ratio of -2.48%, indicating the company is in the safe zone and there is no funny business with accruals.
Berli Jucker PCL Sloan Ratio % Historical Data
The historical data trend for Berli Jucker 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 Berli Jucker PCL's Sloan Ratio %
For the Conglomerates subindustry, Berli Jucker 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.
Berli Jucker PCL's Sloan Ratio % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Berli Jucker PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Berli Jucker PCL's Sloan Ratio % falls into.
Berli Jucker 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.
Berli Jucker PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Berli Jucker PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1209.546 (Jun. 2023 ) + 693.269 (Sep. 2023 ) + 1637.693 (Dec. 2023 ) + 427.705 (Mar. 2024 ) = ฿3,968 Mil.
Berli Jucker PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 6014.845 (Jun. 2023 ) + 4325.913 (Sep. 2023 ) + 6748.097 (Dec. 2023 ) + 4866.786 (Mar. 2024 ) = ฿21,956 Mil.
Berli Jucker PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1649.5 (Jun. 2023 ) + -3125.97 (Sep. 2023 ) + -3207.267 (Dec. 2023 ) + -1651.351 (Mar. 2024 ) = ฿-9,634 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.
Berli Jucker PCL (BKK:BJC) 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, Berli Jucker PCL has a Sloan Ratio of -2.48%, indicating the company is in the safe zone and there is no funny business with accruals.
Berli Jucker PCL Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Berli Jucker PCL's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Berli Jucker PCL is engaged in the manufacturing and sales of containers, personal care, and healthcare products. The firm operates through five primary segments based on the product type. The packaging supply chain segment sells glass containers, aluminum cans, and rigid plastic containers. The consumer supply chain segment which generates more revenue than any other segment, sells tissue paper, soaps, shampoos and cosmetics, snack foods, beverages, and confectionery. The healthcare and technical supply chain segment sell chemicals, food ingredients, pharmaceuticals, and hospital supplies. Modern retail supply chain operates various types of modern trade which are hypermarket, supermarket, convenience store and drugstore, and other business groups.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:BJC has been successfully added to your 