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Srivichaivejvivat PCL (BKK:VIH-F) Sloan Ratio % : 10.12% (As of Jun. 2024)


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What is Srivichaivejvivat PCL Sloan Ratio %?

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.

Srivichaivejvivat PCL's Sloan Ratio for the quarter that ended in Jun. 2024 was 10.12%.

As of Jun. 2024, Srivichaivejvivat PCL has a Sloan Ratio of 10.12%, indicating there is a warning stage of accrual build up.


Srivichaivejvivat PCL Sloan Ratio % Historical Data

The historical data trend for Srivichaivejvivat 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.

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Srivichaivejvivat PCL Sloan Ratio % Chart

Srivichaivejvivat PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.32 3.32 -0.57 10.69 5.02

Srivichaivejvivat PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.34 -2.32 5.02 4.20 10.12

Competitive Comparison of Srivichaivejvivat PCL's Sloan Ratio %

For the Medical Care Facilities subindustry, Srivichaivejvivat 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.


Srivichaivejvivat PCL's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Srivichaivejvivat PCL's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Srivichaivejvivat PCL's Sloan Ratio % falls into.



Srivichaivejvivat 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.

Srivichaivejvivat PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(283.865-383.586
--281.394)/3618.928
=5.02%

Srivichaivejvivat PCL's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2024 )
=(334.946-503.441
--566.015)/3926.99
=10.12%

Srivichaivejvivat PCL's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 86.145 (Sep. 2023 ) + 99.273 (Dec. 2023 ) + 72.039 (Mar. 2024 ) + 77.489 (Jun. 2024 ) = ฿335 Mil.
Srivichaivejvivat PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 105.54 (Sep. 2023 ) + 107.205 (Dec. 2023 ) + 177.215 (Mar. 2024 ) + 113.481 (Jun. 2024 ) = ฿503 Mil.
Srivichaivejvivat PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -111.283 (Sep. 2023 ) + -51.72 (Dec. 2023 ) + -56.569 (Mar. 2024 ) + -346.443 (Jun. 2024 ) = ฿-566 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.


Srivichaivejvivat PCL  (BKK:VIH-F) 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.

According to How to Beat the Market with the Sloan Ratio:

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, Srivichaivejvivat PCL has a Sloan Ratio of 10.12%, indicating there is a warning stage of accrual build up.


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Srivichaivejvivat PCL Business Description

Traded in Other Exchanges
Address
Phetkasem Road, 74/5 Moo 4, Om Noi Subdistrict, Krathum Baen District, Samut Sakhon, THA, 74130
Srivichaivejvivat PCL formerly Srivichai Vejvivat PCL is a healthcare provider. It provides medical services through its hospitals. The medical services of the company include Orthopedic Center, Neurology Center, X-ray Center, Accident-Emergency Center, Skin and Laser Surgery Center, Child Development Center and others. Geographically, the company operates in Thailand.

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