What is PT Bukit Darmo Property Tbk 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, PT Bukit Darmo Property Tbk has a Sloan Ratio of 1.07%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Bukit Darmo Property Tbk 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.
Competitive Comparison of PT Bukit Darmo Property Tbk's Sloan Ratio %
For the Real Estate Services subindustry, PT Bukit Darmo Property Tbk'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.
PT Bukit Darmo Property Tbk's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Bukit Darmo Property Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Bukit Darmo Property Tbk's Sloan Ratio % falls into.
PT Bukit Darmo Property Tbk 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.
PT Bukit Darmo Property Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -14040.928 (Jun. 2023 ) + -92.425 (Sep. 2023 ) + -13927.415 (Dec. 2023 ) + -10351.081 (Mar. 2024 ) = Rp-38,412 Mil.
PT Bukit Darmo Property Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 1087.148 (Jun. 2023 ) + -8656.286 (Sep. 2023 ) + -5667.617 (Dec. 2023 ) + -1890.373 (Mar. 2024 ) = Rp-15,127 Mil.
PT Bukit Darmo Property Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 7394.353 (Jun. 2023 ) + -23424.301 (Sep. 2023 ) + -1.4 (Dec. 2023 ) + -15437.627 (Mar. 2024 ) = Rp-31,469 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.
PT Bukit Darmo Property Tbk (ISX:BKDP) 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, PT Bukit Darmo Property Tbk has a Sloan Ratio of 1.07%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Bukit Darmo Property Tbk Sloan Ratio % Related Terms
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PT Bukit Darmo Property Tbk (ISX:BKDP) Business Description
PT Bukit Darmo Property Tbk is a real estate development company. It is engaged in construction, the sale of the condominium, and land development. The company is involved in the operation of mixed-used development which consists of The Adhiwangsa Golf Residence, Suite Hotel and Serviced Residence, and a retail mall, namely Lenmarc Mall. It operates in the following segments namely Real estate, Shopping mall, Construction; and Marketing services. Geographically, all the operations are functioned through the region of Indonesia which is also the revenue generation region for the company.
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