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.
Afcom Holdings's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
Warning Sign:
When sloan ratio (54.07)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Sep. 2024, Afcom Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Afcom Holdings Sloan Ratio % Historical Data
The historical data trend for Afcom Holdings'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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Afcom Holdings Sloan Ratio % Chart
Afcom Holdings Annual Data
Trend
Mar21
Mar22
Mar23
Sloan Ratio %
102.49
35.53
54.07
Afcom Holdings Semi-Annual Data
Mar21
Mar22
Mar23
Sep23
Sep24
Sloan Ratio %
-
-
-
-
-
Competitive Comparison of Afcom Holdings's Sloan Ratio %
For the Airlines subindustry, Afcom Holdings'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.
Afcom Holdings's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Afcom Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Afcom Holdings'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.
Afcom Holdings's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Afcom Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 121.944 (Sep. 2023 ) + 188.563 (Sep. 2024 ) = ₹310.5 Mil.
Afcom Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Sep. 2023 ) + -176.008 (Sep. 2024 ) = ₹-176.0 Mil.
Afcom Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Sep. 2023 ) + -386.502 (Sep. 2024 ) = ₹-386.5 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.
Afcom Holdings (BOM:544224) 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, Afcom Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Afcom Holdings Sloan Ratio % Related Terms
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Afcom Holdings Ltd is engaged in the carriage of cargo on an airport-to-airport basis. Its business is guided by three operating principles: People-centricity, Growth through partnership, and Efficiency, always. The company has developed a wide range of service options to meet the growing needs of the customers. It provides cargo solutions and products across various countries via International Hubs. The company offers notable products that include General Cargo, Flying Fresh, Flying Pharma, Flying Priority, Fly Courier, Project Cargo, Dangerous Goods and High-Value Cargo.
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