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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.
S Alam Cold Rolled Steels (DHA:SALAMCRST) 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 Mar. 2024, S Alam Cold Rolled Steels has a Sloan Ratio of 15.15%, indicating there is a warning stage of accrual build up.
S Alam Cold Rolled Steels Sloan Ratio % Related Terms
S Alam Cold Rolled Steels 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.
DHA:SALAMCRST vs NUE, STLD, RS: Sloan Ratio % Comparison
For the Steel subindustry, S Alam Cold Rolled Steels'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.
S Alam Cold Rolled Steels Sloan Ratio % vs Steel Industry
For the Steel industry and Basic Materials sector, S Alam Cold Rolled Steels's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where S Alam Cold Rolled Steels's Sloan Ratio % falls into.
S Alam Cold Rolled Steels 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.
S Alam Cold Rolled Steels's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
S Alam Cold Rolled Steels's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -11.599368 (Jun. 2023 ) + 3.201559 (Sep. 2023 ) + 6.119333 (Dec. 2023 ) + 18.545163 (Mar. 2024 ) = BDT16 Mil.
S Alam Cold Rolled Steels's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 2335.566039 (Jun. 2023 ) + -5192.81774 (Sep. 2023 ) + -284.20795 (Dec. 2023 ) + -840.344072 (Mar. 2024 ) = BDT-3,982 Mil.
S Alam Cold Rolled Steels's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -166.22002 (Jun. 2023 ) + 297.692687 (Sep. 2023 ) + 18.436762 (Dec. 2023 ) + -8.655777 (Mar. 2024 ) = BDT141 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.
S Alam Cold Rolled Steels (DHA:SALAMCRST) has a Sloan Ratio % of 15.15% as of Mar. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on S Alam Cold Rolled Steels and its competitors.
Is S Alam Cold Rolled Steels' Sloan Ratio % too high?
S Alam Cold Rolled Steels' current Sloan Ratio % is 15.15%. Overall, S Alam Cold Rolled Steels has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does S Alam Cold Rolled Steels' Sloan Ratio % compare to NUE and STLD?
S Alam Cold Rolled Steels' Sloan Ratio % of 15.15% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Steel company?
A good Sloan Ratio % depends on the Steel industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on S Alam Cold Rolled Steels and its competitors. S Alam Cold Rolled Steels's current Sloan Ratio % is 15.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S Alam Cold Rolled Steels stock overvalued right now?
S Alam Cold Rolled Steels (DHA:SALAMCRST) has a current Sloan Ratio % of 15.15%. The current Sloan Ratio % is 15.15%. S Alam Cold Rolled Steels' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For S Alam Cold Rolled Steels (DHA:SALAMCRST), the current Sloan Ratio % is 15.15% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
S Alam Cold Rolled Steels Ltd is a steel manufacturing company. Its business activities include manufacturing and marketing cold rolled steel strips and galvanized steel sheets. The company has two business segments - the Cold Rolled Strips segment, which includes purchasing hot roll and manufacturing and distribution of cold-rolled strips; and the Non-Oxide Furnace segment which comprises purchasing cold-rolled strips and manufacturing and distribution of galvanized steel sheets.
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