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Suwen Tekstilnayi Pazarlama AS (IST:SUWEN) Sloan Ratio % : -3.42% (As of Sep. 2024)


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What is Suwen Tekstilnayi Pazarlama 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.

Suwen Tekstilnayi Pazarlama AS's Sloan Ratio for the quarter that ended in Sep. 2024 was -3.42%.

As of Sep. 2024, Suwen Tekstilnayi Pazarlama AS has a Sloan Ratio of -3.42%, indicating the company is in the safe zone and there is no funny business with accruals.


Suwen Tekstilnayi Pazarlama AS Sloan Ratio % Historical Data

The historical data trend for Suwen Tekstilnayi Pazarlama AS'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.

* Premium members only.

Suwen Tekstilnayi Pazarlama AS Sloan Ratio % Chart

Suwen Tekstilnayi Pazarlama AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
-16.92 -8.27 5.88 1.43 -2.81

Suwen Tekstilnayi Pazarlama AS Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.23 -3.53 0.10 -1.11 -3.42

Competitive Comparison of Suwen Tekstilnayi Pazarlama AS's Sloan Ratio %

For the Apparel Manufacturing subindustry, Suwen Tekstilnayi Pazarlama 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.


Suwen Tekstilnayi Pazarlama AS's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Suwen Tekstilnayi Pazarlama AS's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Suwen Tekstilnayi Pazarlama AS's Sloan Ratio % falls into.



Suwen Tekstilnayi Pazarlama 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.

Suwen Tekstilnayi Pazarlama AS's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(191.563-343.376
--110.592)/1464.65
=-2.81%

Suwen Tekstilnayi Pazarlama AS's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(170.856-274.599
--25.811)/2280.164
=-3.42%

Suwen Tekstilnayi Pazarlama AS's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -14.658 (Dec. 2023 ) + 16.733 (Mar. 2024 ) + 75.663 (Jun. 2024 ) + 93.118 (Sep. 2024 ) = ₺171 Mil.
Suwen Tekstilnayi Pazarlama AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 39.206 (Dec. 2023 ) + -89.752 (Mar. 2024 ) + 181.617 (Jun. 2024 ) + 143.528 (Sep. 2024 ) = ₺275 Mil.
Suwen Tekstilnayi Pazarlama AS's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 1.263 (Dec. 2023 ) + -27.563 (Mar. 2024 ) + -2.699 (Jun. 2024 ) + 3.188 (Sep. 2024 ) = ₺-26 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.


Suwen Tekstilnayi Pazarlama AS  (IST:SUWEN) 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 Sep. 2024, Suwen Tekstilnayi Pazarlama AS has a Sloan Ratio of -3.42%, indicating the company is in the safe zone and there is no funny business with accruals.


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Suwen Tekstilnayi Pazarlama AS Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Tatlisu Mah Goksu Cad No 41/1, Umraniye, Istanbul, TUR
Suwen Tekstil Sanayi Pazarlama AS is engaged in manufacturing women's clothing products ranging from underwear to home wear, from socks to corsets, from swimwear & bikini collections to puerperal groups.

Suwen Tekstilnayi Pazarlama AS Headlines

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