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.
Keltech Energies's Sloan Ratio for the quarter that ended in Jun. 2024 was 0.00%.
As of Jun. 2024, Keltech Energies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Keltech Energies Sloan Ratio % Historical Data
The historical data trend for Keltech Energies'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 Keltech Energies's Sloan Ratio %
For the Specialty Chemicals subindustry, Keltech Energies'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.
Keltech Energies's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Keltech Energies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Keltech Energies's Sloan Ratio % falls into.
Keltech Energies 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.
Keltech Energies's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Keltech Energies's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 39.424 (Sep. 2023 ) + 43.797 (Dec. 2023 ) + 62.071 (Mar. 2024 ) + 67.52 (Jun. 2024 ) = ₹213 Mil.
Keltech Energies'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.
Keltech Energies'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.
* 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.
Keltech Energies (BOM:506528) 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 Jun. 2024, Keltech Energies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Keltech Energies Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Keltech Energies's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Keltech Energies Ltd is engaged in the manufacture of industrial explosives and the sale of perlite & perlite-based products. The company is a technology provider in the area of low-temperature cryogenic insulation of LNG, Ethylene, Propylene, Butane, Propane, Ethane, LOX, LIN, LAR, Ammonia, Cold boxes and other cryogenic equipment. Key areas of operation include the Manufacture of explosives, cryogenic insulation, perlite filter aid, horticulture products as well as perlite products for the construction, refractory and foundry Industries. The Company has two reportable segments such as Explosives segment which manufactures cartridge explosives, bulk emulsion explosives and Perlite segment which manufactures cryogenic insulation, industrial filter-aid, horticulture products etc.
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