SKM Egg Products Export (India) (BOM:532143) Sloan Ratio % : 0.00% (As of Dec. 2023)

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What is SKM Egg Products Export (India) 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.

SKM Egg Products Export (India)'s Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, SKM Egg Products Export (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

SKM Egg Products Export (India) Sloan Ratio % Historical Data

The historical data trend for SKM Egg Products Export (India)'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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SKM Egg Products Export (India) Sloan Ratio % Chart

SKM Egg Products Export (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Sloan Ratio %

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-1.73

10.85

3.68

5.82

9.34

SKM Egg Products Export (India) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of SKM Egg Products Export (India)'s Sloan Ratio %

For the Packaged Foods subindustry, SKM Egg Products Export (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.

SKM Egg Products Export (India)'s Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SKM Egg Products Export (India)'s Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where SKM Egg Products Export (India)'s Sloan Ratio % falls into.

SKM Egg Products Export (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.

SKM Egg Products Export (India)'s Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Mar. 2023 )	-	Cash Flow from Operations (A: Mar. 2023 )
	-	Cash Flow from Investing (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2023 )
	=	(759.248	-	601.535
	-	-158.697)	/	3388.328
	=	9.34%

SKM Egg Products Export (India)'s Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(1051.548	-	0
	-	0)	/	0
	=	%

SKM Egg Products Export (India)'s Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 297.848 (Mar. 2023 ) + 352.5 (Jun. 2023 ) + 284.1 (Sep. 2023 ) + 117.1 (Dec. 2023 ) = ₹1,052 Mil.
SKM Egg Products Export (India)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = ₹0 Mil.
SKM Egg Products Export (India)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = ₹0 Mil.

SKM Egg Products Export (India) (BOM:532143) 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 Dec. 2023, SKM Egg Products Export (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

SKM Egg Products Export (India) Sloan Ratio % Related Terms

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SKM Egg Products Export (India) (BOM:532143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SKM Egg Products Export (India) Ltd (BOM:532143) » Definitions » Sloan Ratio %

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SKMEGGPROD:India

Address

133, 133/1, Gandhiji Road, Erode, TN, IND, 638001

Website

https://www.skmegg.com

SKM Egg Products Export (India) Ltd is the manufacturer and supplier of egg products. The company offer products such as Egg powder, Bakery mix, and Liquid egg. Its Egg powder product is used in bakery, pasta, noodles, meat, fish products, and mayonnaise. The Bakery mix products are used in cheesecake, biscuits, cakes, sponge cake, and swiss rolls. The Liquid eggs product provides egg albumen liquid, egg yolk liquid and whole egg liquid which are used in the preparation of noodles, fine food, ice cream, cosmetics, and confectionary items. It has five geographic segments: India, Japan, Russia, Europe and Rest of the world.

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