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.
Rudra Gas Enterprise's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
Warning Sign:
When sloan ratio (31.56)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Sep. 2024, Rudra Gas Enterprise has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Rudra Gas Enterprise Sloan Ratio % Historical Data
The historical data trend for Rudra Gas Enterprise'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 Rudra Gas Enterprise's Sloan Ratio %
For the Engineering & Construction subindustry, Rudra Gas Enterprise'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.
Rudra Gas Enterprise's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Rudra Gas Enterprise's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Rudra Gas Enterprise'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.
Rudra Gas Enterprise's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Rudra Gas Enterprise's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 21.533 (Mar. 2024 ) + 25.074 (Sep. 2024 ) = ₹46.6 Mil.
Rudra Gas Enterprise's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Mar. 2024 ) + -34.022 (Sep. 2024 ) = ₹-34.0 Mil.
Rudra Gas Enterprise's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Mar. 2024 ) + 65.455 (Sep. 2024 ) = ₹65.5 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.
Rudra Gas Enterprise (BOM:544121) 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 Sep. 2024, Rudra Gas Enterprise has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Rudra Gas Enterprise Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Rudra Gas Enterprise's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rudra Gas Enterprise Ltd is engaged in various facets of the infrastructure sector. It is mainly engaged in gas distribution network projects, fiber cable networks, and renting of construction machinery and vehicles, and provides end-to-end solutions for the city gas distribution sector. City gas distribution business comprises of laying of pipelines for the distribution of the city gas network and construction of associated facilities like CNG (Compressed Natural Gas) stations, erection, installation, testing, and commissioning of the underground pipelines, maintenance, and repair facilities and cater domestic household use; commercial use such as manufacturing industry, power generation, hotels, hospitals, restaurant and offices; and transport sector use in vehicles.
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