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Ben Thanh Tourist Service (HSTC:BTV) Sloan Ratio % : 0.00% (As of . 20)


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What is Ben Thanh Tourist Service 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.

Ben Thanh Tourist Service's Sloan Ratio for the quarter that ended in . 20 was 0.00%.

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


Ben Thanh Tourist Service Sloan Ratio % Historical Data

The historical data trend for Ben Thanh Tourist Service'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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Ben Thanh Tourist Service Sloan Ratio % Chart

Ben Thanh Tourist Service Annual Data
Trend
Sloan Ratio %

Ben Thanh Tourist Service Semi-Annual Data
Sloan Ratio %

Competitive Comparison of Ben Thanh Tourist Service's Sloan Ratio %

For the Travel Services subindustry, Ben Thanh Tourist Service'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.


Ben Thanh Tourist Service's Sloan Ratio % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ben Thanh Tourist Service's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Ben Thanh Tourist Service's Sloan Ratio % falls into.



Ben Thanh Tourist Service 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.

Ben Thanh Tourist Service'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 )
=(-
-)/
=%

Ben Thanh Tourist Service'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 )
=(-
-)/
=%

Ben Thanh Tourist Service 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.


Ben Thanh Tourist Service  (HSTC:BTV) 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, Ben Thanh Tourist Service has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Ben Thanh Tourist Service Sloan Ratio % Related Terms

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Ben Thanh Tourist Service (HSTC:BTV) Business Description

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Traded in Other Exchanges
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Address
70 Ly Tu Trong Street, Ben Thanh Ward, District 1, HCM City, VNM
Ben Thanh Tourist Service Corp is a travel company in Vietnam. It is specializing in tailor-made tours, group tours, and MICE services on a local, regional and global level.

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