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, Goenka Diamond & Jewels has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Goenka Diamond & Jewels 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 Goenka Diamond & Jewels's Sloan Ratio %
For the Luxury Goods subindustry, Goenka Diamond & Jewels'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.
Goenka Diamond & Jewels's Sloan Ratio % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Goenka Diamond & Jewels's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Goenka Diamond & Jewels's Sloan Ratio % falls into.
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.
Goenka Diamond & Jewels's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Goenka Diamond & Jewels's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -7.393 (Mar. 2024 ) + -4.678 (Jun. 2024 ) + -5.911 (Sep. 2024 ) + -6.919 (Dec. 2024 ) = ₹-24.90 Mil.
Goenka Diamond & Jewels'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 ) = ₹0.00 Mil.
Goenka Diamond & Jewels'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 ) = ₹0.00 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.
Goenka Diamond & Jewels (BOM:533189) 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, Goenka Diamond & Jewels has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Goenka Diamond & Jewels Sloan Ratio % Related Terms
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Goenka Diamond & Jewels Ltd is engaged in the business of cutting and polishing diamonds, color stones, precious and semi-precious stones. The company operates through two segments, Diamond and Jewellery. The company supplies polished diamonds to wholesalers, jewellery manufacturers, traders, and retailers based in India and other countries.
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