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Alumil Rom Industry (BSE:ALU) Sloan Ratio % : 0.78% (As of Sep. 2023)


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What is Alumil Rom Industry 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.

Alumil Rom Industry's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.78%.

As of Sep. 2023, Alumil Rom Industry has a Sloan Ratio of 0.78%, indicating the company is in the safe zone and there is no funny business with accruals.


Alumil Rom Industry Sloan Ratio % Historical Data

The historical data trend for Alumil Rom Industry'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.

* Premium members only.

Alumil Rom Industry Sloan Ratio % Chart

Alumil Rom Industry Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.84 2.32 -5.90 6.29 1.60

Alumil Rom Industry Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.60 4.01 -6.87 0.78

Competitive Comparison of Alumil Rom Industry's Sloan Ratio %

For the Aluminum subindustry, Alumil Rom Industry'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.


Alumil Rom Industry's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alumil Rom Industry's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Alumil Rom Industry's Sloan Ratio % falls into.



Alumil Rom Industry 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.

Alumil Rom Industry's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(6.499-5.894
--0.579)/74.028
=1.60%

Alumil Rom Industry's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2023 )
=(5.192-5.54
--0.995)/83.35
=0.78%

Alumil Rom Industry's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 0.579 (Dec. 2022 ) + 1.704 (Mar. 2023 ) + 1.535 (Jun. 2023 ) + 1.374 (Sep. 2023 ) = lei5.2 Mil.
Alumil Rom Industry's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 4.696 (Dec. 2022 ) + 3.48 (Mar. 2023 ) + 2.19 (Jun. 2023 ) + -4.826 (Sep. 2023 ) = lei5.5 Mil.
Alumil Rom Industry's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -0.201 (Dec. 2022 ) + -0.453 (Mar. 2023 ) + -0.321 (Jun. 2023 ) + -0.02 (Sep. 2023 ) = lei-1.0 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.


Alumil Rom Industry  (BSE:ALU) 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 Sep. 2023, Alumil Rom Industry has a Sloan Ratio of 0.78%, indicating the company is in the safe zone and there is no funny business with accruals.


Alumil Rom Industry Sloan Ratio % Related Terms

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Alumil Rom Industry (BSE:ALU) Business Description

Traded in Other Exchanges
N/A
Address
Soseaua Bucuresti Ploiesti No. 42-44, Sector 1, Complex Baneasa Business & Technologiy Park, Bucharest, ROU, 50912
Alumil Rom Industry SA is a Romania-based company. The company mainly manufactures and trades a range of Aluminum profile systems such as sliding, opening, and partitioning systems and accessories related to these systems, machine tools, and specific tools used for aluminum joinery, interior doors, and decorative Aluminum panels. The company also engages in the processing of profiles through the provision of thermal breaks and electrostatic painting. The product categories of the company are profiles, accessories, polycarbonates, composite aluminum panels, photovoltaic systems, systems for automation applications, waste, services and others.

Alumil Rom Industry (BSE:ALU) Headlines

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