What is Turkiye Sise ve Cam Fabrikalari 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.
As of Mar. 2024, Turkiye Sise ve Cam Fabrikalari AS has a Sloan Ratio of -0.81%, indicating the company is in the safe zone and there is no funny business with accruals.
Turkiye Sise ve Cam Fabrikalari AS Sloan Ratio % Historical Data
* 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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Turkiye Sise ve Cam Fabrikalari AS Sloan Ratio % Chart
Competitive Comparison of Turkiye Sise ve Cam Fabrikalari AS's Sloan Ratio %
For the Specialty Chemicals subindustry, Turkiye Sise ve Cam Fabrikalari 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.
Turkiye Sise ve Cam Fabrikalari AS's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Turkiye Sise ve Cam Fabrikalari AS's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Turkiye Sise ve Cam Fabrikalari AS's Sloan Ratio % falls into.
Turkiye Sise ve Cam Fabrikalari 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.
Turkiye Sise ve Cam Fabrikalari AS's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 5705.011 (Jun. 2023 ) + 5291.148 (Sep. 2023 ) + 3761.421 (Dec. 2023 ) + 2355.355 (Mar. 2024 ) = ₺17,113 Mil.
Turkiye Sise ve Cam Fabrikalari AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 10040.796 (Jun. 2023 ) + 8163.898 (Sep. 2023 ) + 19244.741 (Dec. 2023 ) + 2441.49 (Mar. 2024 ) = ₺39,891 Mil.
Turkiye Sise ve Cam Fabrikalari AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -8725.291 (Jun. 2023 ) + -6875.599 (Sep. 2023 ) + -2490.581 (Dec. 2023 ) + -2078.604 (Mar. 2024 ) = ₺-20,170 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.
Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) 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 Mar. 2024, Turkiye Sise ve Cam Fabrikalari AS has a Sloan Ratio of -0.81%, indicating the company is in the safe zone and there is no funny business with accruals.
Turkiye Sise ve Cam Fabrikalari AS Sloan Ratio % Related Terms
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Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Business Description
Turkiye Sise ve Cam Fabrikalari AS is a holding company that, through its subsidiaries, manufactures and sells glass products, chemicals, and glass packaging. The firm's five segments are based on product type. The flat glass segment, which generates more revenue than any other segment, sells glass panes used in windows and automobile windshields. The glassware segment sells glass beverage bottles and crystal products. The other three segments are glass packaging, chemicals, and other, which consists primarily of services including insurance and the export and import of goods. The majority of revenue comes from Turkey.
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