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.
Chularat Hospital PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was 5.85%.
As of Mar. 2024, Chularat Hospital PCL has a Sloan Ratio of 5.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Chularat Hospital PCL Sloan Ratio % Historical Data
The historical data trend for Chularat Hospital 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 Chularat Hospital PCL's Sloan Ratio %
For the Medical Care Facilities subindustry, Chularat Hospital 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.
Chularat Hospital PCL's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Chularat Hospital PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Chularat Hospital PCL's Sloan Ratio % falls into.
Chularat Hospital 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.
Chularat Hospital PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Chularat Hospital PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 206.042 (Jun. 2023 ) + 325.763 (Sep. 2023 ) + 273.841 (Dec. 2023 ) + 263.966 (Mar. 2024 ) = ฿1,070 Mil.
Chularat Hospital PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 295.994 (Jun. 2023 ) + 642.589 (Sep. 2023 ) + 409.679 (Dec. 2023 ) + 461.088 (Mar. 2024 ) = ฿1,809 Mil.
Chularat Hospital PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -485.628 (Jun. 2023 ) + -481.143 (Sep. 2023 ) + -236.298 (Dec. 2023 ) + -158.64 (Mar. 2024 ) = ฿-1,362 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.
Chularat Hospital PCL (BKK:CHG-R) 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, Chularat Hospital PCL has a Sloan Ratio of 5.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Chularat Hospital PCL Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Chularat Hospital PCL's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chularat Hospital PCL (BKK:CHG-R) Business Description
Chularat Hospital PCL operates hospitals and clinics in Thailand. The company operates through several branches of clinics and hospitals. Additionally, it distributed medical instruments and dietary supplements to customers in Thailand. A majority of the company's revenue is derived from hospital operations, consisting of medical fees, medicine sales, and hospital room sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:CHG-R has been successfully added to your 