What is Transportadora de Gas del Sur 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.
As of Sep. 2024, Transportadora de Gas del Sur has a Sloan Ratio of 2.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Transportadora de Gas del Sur 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 Transportadora de Gas del Sur's Sloan Ratio %
For the Oil & Gas Integrated subindustry, Transportadora de Gas del Sur'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.
Transportadora de Gas del Sur's Sloan Ratio % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Transportadora de Gas del Sur's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Transportadora de Gas del Sur's Sloan Ratio % falls into.
Transportadora de Gas del Sur 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.
Transportadora de Gas del Sur's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -71120.182 (Dec. 2023 ) + 55932.166 (Mar. 2024 ) + 85707.739 (Jun. 2024 ) + 52188.334 (Sep. 2024 ) = ARS122,708 Mil.
Transportadora de Gas del Sur's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -86889.055 (Dec. 2023 ) + 48193.584 (Mar. 2024 ) + 107296.098 (Jun. 2024 ) + 139340.702 (Sep. 2024 ) = ARS207,941 Mil.
Transportadora de Gas del Sur's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 84305.218 (Dec. 2023 ) + -10724.326 (Mar. 2024 ) + -84834.152 (Jun. 2024 ) + -153313.934 (Sep. 2024 ) = ARS-164,567 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.
Transportadora de Gas del Sur (BUE:TGSU2) 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, Transportadora de Gas del Sur has a Sloan Ratio of 2.66%, indicating the company is in the safe zone and there is no funny business with accruals.
Transportadora de Gas del Sur Sloan Ratio % Related Terms
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Transportadora de Gas del Sur Business Description
Transportadora de Gas del Sur SA is a transporters of natural gas in Latin America. The company's operating segments include Natural Gas Transportation, Midstream, Telecommunications, and Production and Commercialization Liquids, Other Services, and Telecommunications. It generates maximum revenue from the Production and Commercialization of the Liquids segment. Geographically, it derives the majority of its revenue from Argentina.
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