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.
Ton Dong A's Sloan Ratio for the quarter that ended in Dec. 2024 was 12.30%.
As of Dec. 2024, Ton Dong A has a Sloan Ratio of 12.30%, indicating there is a warning stage of accrual build up.
Ton Dong A Sloan Ratio % Historical Data
The historical data trend for Ton Dong A'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 Ton Dong A's Sloan Ratio %
For the Steel subindustry, Ton Dong A'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.
Ton Dong A's Sloan Ratio % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ton Dong A's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ton Dong A's Sloan Ratio % falls into.
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.
Ton Dong A's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Ton Dong A's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 95413.974 (Mar. 2024 ) + 171420.913 (Jun. 2024 ) + 53705.375 (Sep. 2024 ) + 21317.72 (Dec. 2024 ) = ₫341,858 Mil.
Ton Dong A's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -380046.235 (Mar. 2024 ) + 59123.067 (Jun. 2024 ) + -144254.633 (Sep. 2024 ) + -88137.394 (Dec. 2024 ) = ₫-553,315 Mil.
Ton Dong A's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -600899.45 (Mar. 2024 ) + 153395.784 (Jun. 2024 ) + 63008.717 (Sep. 2024 ) + -312433.094 (Dec. 2024 ) = ₫-696,928 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.
Ton Dong A (HSTC:GDA) 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, Ton Dong A has a Sloan Ratio of 12.30%, indicating there is a warning stage of accrual build up.
Ton Dong A Sloan Ratio % Related Terms
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Ton Dong A Corp is a company specializing in the production of cold rolled steel, zinc corrugated iron, cold corrugated iron, color corrugated iron, galvanized box steel for industrial and civil construction, transportation infrastructure, and home appliances use. The company operates in the field of manufacturing galvanized steel sheet, the main products are cold rolled steel, black corrugated iron, galvanized steel zinc corrugated iron, aluminum zinc alloy coated steel, cold corrugated iron and painted cold corrugated iron Cold corrugated iron. color cold corrugated iron.
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