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Raubex Group (FRA:B7P) Sloan Ratio % : 8.39% (As of Feb. 2024)


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What is Raubex Group 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.

Raubex Group's Sloan Ratio for the quarter that ended in Feb. 2024 was 8.39%.

As of Feb. 2024, Raubex Group has a Sloan Ratio of 8.39%, indicating the company is in the safe zone and there is no funny business with accruals.


Raubex Group Sloan Ratio % Historical Data

The historical data trend for Raubex Group'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.

Raubex Group Sloan Ratio % Chart

Raubex Group Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 -9.73 6.69 2.58 8.38

Raubex Group Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 6.67 5.91 2.97 7.42 8.39

Competitive Comparison of Raubex Group's Sloan Ratio %

For the Engineering & Construction subindustry, Raubex Group'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.


Raubex Group's Sloan Ratio % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Raubex Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Raubex Group's Sloan Ratio % falls into.



Raubex Group 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.

Raubex Group's Sloan Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2024 )-Cash Flow from Operations (A: Feb. 2024 )
-Cash Flow from Investing (A: Feb. 2024 ))/Total Assets (A: Feb. 2024 )
=(41.318-72.213
--84.787)/643.209
=8.38%

Raubex Group's Sloan Ratio for the quarter that ended in Feb. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Feb. 2024 )
=(41.352-72.26
--84.893)/643.209
=8.39%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Raubex Group's Net Income for the trailing twelve months (TTM) ended in Feb. 2024 was 16.903 (Aug. 2023 ) + 24.449 (Feb. 2024 ) = €41.4 Mil.
Raubex Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 was 23.948 (Aug. 2023 ) + 48.312 (Feb. 2024 ) = €72.3 Mil.
Raubex Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2024 was -53.147 (Aug. 2023 ) + -31.746 (Feb. 2024 ) = €-84.9 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.


Raubex Group  (FRA:B7P) 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 Feb. 2024, Raubex Group has a Sloan Ratio of 8.39%, indicating the company is in the safe zone and there is no funny business with accruals.


Raubex Group Sloan Ratio % Related Terms

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Raubex Group (FRA:B7P) Business Description

Traded in Other Exchanges
Address
Kenneth Kaunda Road Extension, Noordstad, Cleveley, Bloemfontein, FS, ZAF, 9300
Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The group consists of three divisions as follows: The materials division specializes in the supply of aggregates from commercial quarries and is a provider of materials handling and screening services to the mining industry. Roads and Earthworks Division specializes in road construction and earthworks as well as road surfacing and rehabilitation which includes the manufacturing and laying of asphalt, chip and spray, surface dressing, enrichments, and slurry seals. The infrastructure division specializes in disciplines outside the road construction sector, including energy, rail, and telecommunications.

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