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Pacific Denims (DHA:PDL) Sloan Ratio % : 0.00% (As of . 20)


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What is Pacific Denims 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.

Pacific Denims's Sloan Ratio for the quarter that ended in . 20 was 0.00%.

As of . 20, Pacific Denims has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Pacific Denims Sloan Ratio % Historical Data

The historical data trend for Pacific Denims'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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Pacific Denims Sloan Ratio % Chart

Pacific Denims Annual Data
Trend
Sloan Ratio %

Pacific Denims Semi-Annual Data
Sloan Ratio %

Competitive Comparison of Pacific Denims's Sloan Ratio %

For the Textile Manufacturing subindustry, Pacific Denims'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.


Pacific Denims's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pacific Denims's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Pacific Denims's Sloan Ratio % falls into.



Pacific Denims 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.

Pacific Denims's Sloan Ratio for the fiscal year that ended in . 20 is calculated as

Sloan Ratio=(Net Income (A: . 20 )-Cash Flow from Operations (A: . 20 )
-Cash Flow from Investing (A: . 20 ))/Total Assets (A: . 20 )
=(-
-)/
=%

Pacific Denims's Sloan Ratio for the quarter that ended in . 20 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: . 20 )
=(-
-)/
=%

Pacific Denims does not have enough years/quarters to calculate the Net Income, Cash Flow from Investing, and Cash Flow from Investing for the trailing twelve months (TTM) ended in . 20.

* 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.


Pacific Denims  (DHA:PDL) 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 . 20, Pacific Denims has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Pacific Denims Sloan Ratio % Related Terms

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Pacific Denims Business Description

Traded in Other Exchanges
N/A
Address
Gulshan Avenue, Bashoti Aristocraft D-3, 3rd Floor, Plot-6, Block No SW (H), Dhaka, BGD, 1212
Pacific Denims Ltd is a Bangladesh based company operates in clothing manufacturing. The company is engaged in manufacturing dyeing, weaving & finishing export-oriented denim fabrics and exporting the same. The firm offers a range of denim fabrics of various specifications, compositions such as basic denim, cotton denim, cotton jute denim and cotton stretch denim in various color and qualities.

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