Welspun Specialty Solutions (BOM:500365) Sloan Ratio % : 0.00% (As of Jun. 2024)

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What is Welspun Specialty Solutions 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.

Welspun Specialty Solutions's Sloan Ratio for the quarter that ended in Jun. 2024 was 0.00%.

As of Jun. 2024, Welspun Specialty Solutions has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Welspun Specialty Solutions Sloan Ratio % Historical Data

The historical data trend for Welspun Specialty Solutions'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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Welspun Specialty Solutions Sloan Ratio % Chart

Welspun Specialty Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Sloan Ratio %

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-2.11

19.73

15.12

-12.34

11.49

Welspun Specialty Solutions 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															-	-	-	-	-

Competitive Comparison of Welspun Specialty Solutions's Sloan Ratio %

For the Steel subindustry, Welspun Specialty Solutions'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.

Welspun Specialty Solutions's Sloan Ratio % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Welspun Specialty Solutions's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Welspun Specialty Solutions's Sloan Ratio % falls into.

Welspun Specialty Solutions 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.

Welspun Specialty Solutions's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (A: Mar. 2024 )	-	Cash Flow from Operations (A: Mar. 2024 )
	-	Cash Flow from Investing (A: Mar. 2024 ))	/	Total Assets (A: Mar. 2024 )
	=	(624.7	-	74.7
	-	-124.4)	/	5871.8
	=	11.49%

Welspun Specialty Solutions'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 )
	=	(532.8	-	0
	-	0)	/	0
	=	%

Welspun Specialty Solutions's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 52 (Sep. 2023 ) + 61 (Dec. 2023 ) + 400.3 (Mar. 2024 ) + 19.5 (Jun. 2024 ) = ₹533 Mil.
Welspun Specialty Solutions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) = ₹0 Mil.
Welspun Specialty Solutions's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) = ₹0 Mil.

Welspun Specialty Solutions (BOM:500365) 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, Welspun Specialty Solutions has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Welspun Specialty Solutions Sloan Ratio % Related Terms

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Welspun Specialty Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Welspun Specialty Solutions Ltd (BOM:500365) » Definitions » Sloan Ratio %

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Address

Senapati Bapat Marg, Kamala Mills Compound, 5th Floor, Welspun House, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.welspunspecialty.com

Welspun Specialty Solutions Ltd is engaged in the manufacturing of alloy and stainless steel products. The firm serves various industries such as automotive energy, defense, nuclear power, and aerospace. The company's business is predominantly confined to India.

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