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.
Golden Agri-Resources's Sloan Ratio for the quarter that ended in Dec. 2024 was 10.02%.
As of Dec. 2024, Golden Agri-Resources has a Sloan Ratio of 10.02%, indicating there is a warning stage of accrual build up.
Golden Agri-Resources Sloan Ratio % Historical Data
The historical data trend for Golden Agri-Resources'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.
Competitive Comparison of Golden Agri-Resources's Sloan Ratio %
For the Farm Products subindustry, Golden Agri-Resources'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.
Golden Agri-Resources's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Agri-Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Golden Agri-Resources's Sloan Ratio % falls into.
Golden Agri-Resources 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.
Golden Agri-Resources's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Golden Agri-Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 102.431 (Jun. 2024 ) + 262.121 (Dec. 2024 ) = $365 Mil.
Golden Agri-Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 93.07 (Jun. 2024 ) + -173.978 (Dec. 2024 ) = $-81 Mil.
Golden Agri-Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -306.715 (Jun. 2024 ) + -319.497 (Dec. 2024 ) = $-626 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.
Golden Agri-Resources (OTCPK:GARPY) 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 Dec. 2024, Golden Agri-Resources has a Sloan Ratio of 10.02%, indicating there is a warning stage of accrual build up.
Golden Agri-Resources Sloan Ratio % Related Terms
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Golden Agri-Resources Ltd is an integrated palm oil plantation company. It operates through two segments namely Plantations and palm oil mills, and Palm, laurics, and others. The plantation and palm oil mills segment comprises the products from the upstream business. The Palm, laurics and others comprise the processing and merchandising of palm and oilseed-based products i.e. bulk, branded, oleo-chemicals and other vegetable oils. The majority of the revenue is generated from the Palm, laurics and other segments.
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