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 Dec. 2024, Prithvi Exchange (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Prithvi Exchange (India) 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 Prithvi Exchange (India)'s Sloan Ratio %
For the Capital Markets subindustry, Prithvi Exchange (India)'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.
Prithvi Exchange (India)'s Sloan Ratio % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Prithvi Exchange (India)'s Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Prithvi Exchange (India)'s Sloan Ratio % falls into.
Prithvi Exchange (India) 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.
Prithvi Exchange (India)'s Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Prithvi Exchange (India)'s Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 32.483 (Mar. 2024 ) + 43.545 (Jun. 2024 ) + 29.709 (Sep. 2024 ) + 9.933 (Dec. 2024 ) = ₹116 Mil.
Prithvi Exchange (India)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) + 0 (Dec. 2024 ) = ₹0 Mil.
Prithvi Exchange (India)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) + 0 (Dec. 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.
Prithvi Exchange (India) (BOM:531688) 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, Prithvi Exchange (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Prithvi Exchange (India) Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Prithvi Exchange (India)'s Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Prithvi Exchange (India) Ltd is engaged in the business of money exchange. It deals in tradable foreign currencies, traveler's checks, drafts, and swift transfers. Prithvi Exchange deals in various foreign exchange products like buying and selling Foreign currencies/ Travel currency cards/Traveller cheques, TT Swift remittances abroad, and Foreign currency drafts. It is an authorised agent to receive money transfers sent through Western Union money transfer, Money Gram, and Xpress money.
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