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.
Thai Future PCL's Sloan Ratio for the quarter that ended in Dec. 2024 was -10.41%.
As of Dec. 2024, Thai Future PCL has a Sloan Ratio of -10.41%, indicating there is a warning stage of accrual build up.
Thai Future PCL Sloan Ratio % Historical Data
The historical data trend for Thai Future 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 Thai Future PCL's Sloan Ratio %
For the Packaging & Containers subindustry, Thai Future 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.
Thai Future PCL's Sloan Ratio % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Future PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Thai Future PCL's Sloan Ratio % falls into.
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.
Thai Future PCL's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Thai Future PCL's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -82.434 (Mar. 2024 ) + -93.806 (Jun. 2024 ) + -69.466 (Sep. 2024 ) + -90.365 (Dec. 2024 ) = ฿-336.1 Mil.
Thai Future PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 5.37 (Mar. 2024 ) + -40.89 (Jun. 2024 ) + -35.728 (Sep. 2024 ) + -56.951 (Dec. 2024 ) = ฿-128.2 Mil.
Thai Future PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -2.476 (Mar. 2024 ) + 96.064 (Jun. 2024 ) + -11.361 (Sep. 2024 ) + -2.119 (Dec. 2024 ) = ฿80.1 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.
Thai Future PCL (BKK:TFI) 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, Thai Future PCL has a Sloan Ratio of -10.41%, indicating there is a warning stage of accrual build up.
Thai Future PCL Sloan Ratio % Related Terms
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Thai Future Inc PCL is engaged in the manufacturing of packaging film. The company's product consists of two types which include film type and end-use applications. Its film-type product includes biaxially oriented polypropylene films, cast polypropylene films, polyethylene terephthalate films, and metalized films to supply domestic and overseas export.. Its end-use applications consist of flexible packaging, publishing, flower wrap, adhesive tape, labels, textile bags, overwrap, fresh produce, and biodegradable. The company's operations are carried out in several geographical regions such as Thailand, Asia, Europe, America, and others where a majority of the revenue is generated from Thailand.
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