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.
As of Mar. 2024, Eastern Polymer Group PCL has a Sloan Ratio of 4.14%, indicating the company is in the safe zone and there is no funny business with accruals.
Eastern Polymer Group PCL Sloan Ratio % Historical Data
* 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 Eastern Polymer Group PCL's Sloan Ratio %
For the Specialty Chemicals subindustry, Eastern Polymer Group 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.
Eastern Polymer Group PCL's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Eastern Polymer Group PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Eastern Polymer Group PCL's Sloan Ratio % falls into.
Eastern Polymer Group 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.
Eastern Polymer Group PCL's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Eastern Polymer Group PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 304.974 (Jun. 2023 ) + 431.477 (Sep. 2023 ) + 297.036 (Dec. 2023 ) + 1172.053 (Mar. 2024 ) = ฿2,206 Mil.
Eastern Polymer Group PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 444.173 (Jun. 2023 ) + 648.114 (Sep. 2023 ) + 553.06 (Dec. 2023 ) + 405.613 (Mar. 2024 ) = ฿2,051 Mil.
Eastern Polymer Group PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -121.897 (Jun. 2023 ) + -133.285 (Sep. 2023 ) + -212.376 (Dec. 2023 ) + -198.265 (Mar. 2024 ) = ฿-666 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.
Eastern Polymer Group PCL (BKK:EPG) 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, Eastern Polymer Group PCL has a Sloan Ratio of 4.14%, indicating the company is in the safe zone and there is no funny business with accruals.
Eastern Polymer Group PCL Sloan Ratio % Related Terms
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Eastern Polymer Group PCL (BKK:EPG) Business Description
Eastern Polymer Group PCL operates companies that manufacture and distributes rubber pipes, synthetic rubber, plastic sheets, aero ducts, insulation tapes, rubber seals, and other products internationally. Operations are divided into four divisions: Rubber insulation, Automotive plastics, Packaging plastics, and Others. The company also engages in the import and export of machinery and chemicals, and the assembly and distribution of molded plastic parts. The majority of the company's activities are conducted in Thailand. Research, development, and testing laboratories are pivotal to the company's continued development of rubber and plastic products that can meet a host of regulations and requirements.
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