What is Kartonsan Kartonnayi ve Ticaret AS 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.
* 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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Kartonsan Kartonnayi ve Ticaret AS Sloan Ratio % Chart
Competitive Comparison of Kartonsan Kartonnayi ve Ticaret AS's Sloan Ratio %
For the Packaging & Containers subindustry, Kartonsan Kartonnayi ve Ticaret AS'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.
Kartonsan Kartonnayi ve Ticaret AS's Sloan Ratio % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Kartonsan Kartonnayi ve Ticaret AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kartonsan Kartonnayi ve Ticaret AS's Sloan Ratio % falls into.
Kartonsan Kartonnayi ve Ticaret AS 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.
Kartonsan Kartonnayi ve Ticaret AS's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -49.055 (Mar. 2023 ) + 45.929 (Jun. 2023 ) + -44.127 (Sep. 2023 ) + -798.413 (Dec. 2023 ) = ₺-846 Mil.
Kartonsan Kartonnayi ve Ticaret AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 74.21 (Mar. 2023 ) + 119.669 (Jun. 2023 ) + -103.566 (Sep. 2023 ) + -263.36 (Dec. 2023 ) = ₺-173 Mil.
Kartonsan Kartonnayi ve Ticaret AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -23.442 (Mar. 2023 ) + -24.028 (Jun. 2023 ) + -77.639 (Sep. 2023 ) + -25.204 (Dec. 2023 ) = ₺-150 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.
Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) 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. 2023, Kartonsan Kartonnayi ve Ticaret AS has a Sloan Ratio of -17.32%, indicating there is a warning stage of accrual build up.
Kartonsan Kartonnayi ve Ticaret AS Sloan Ratio % Related Terms
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Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Business Description
Kartonsan Karton Sanayi ve Ticaret AS is a Turkey-based company engaged in producing and trading of coated cardboard from recycled paper. Business activity of the group is operated through Ukraine, Bulgaria, Spain, Greece, Portugal, and Italy. Its portfolio includes product such as Normprint, Exprint and Luxtriplex, Normprint is multi-coated grey-backside cardboard with a blade top coat, which is used as a packaging material; Exprint, used in all types of packaging and detailed graphic printing and Luxtriplex, multi-coated cardboard with white backside which is ideal for all types of packaging, especially for food, cosmetics, pharmaceuticals. Kartonsan derives revenue through the sale of the products.
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