What is PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk has a Sloan Ratio of 0.96%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Budi Starch & Sweetener 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.
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PT Budi Starch & Sweetener Tbk Sloan Ratio % Chart
Competitive Comparison of PT Budi Starch & Sweetener Tbk's Sloan Ratio %
For the Packaged Foods subindustry, PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Budi Starch & Sweetener Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Budi Starch & Sweetener Tbk's Sloan Ratio % falls into.
PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 15851 (Jun. 2023 ) + 21581 (Sep. 2023 ) + 29120 (Dec. 2023 ) + 20798 (Mar. 2024 ) = Rp87,350 Mil.
PT Budi Starch & Sweetener Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 115898 (Jun. 2023 ) + 103478 (Sep. 2023 ) + 40724 (Dec. 2023 ) + -75436 (Mar. 2024 ) = Rp184,664 Mil.
PT Budi Starch & Sweetener Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -19947 (Jun. 2023 ) + -14742 (Sep. 2023 ) + -51658 (Dec. 2023 ) + -44749 (Mar. 2024 ) = Rp-131,096 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.
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 Budi Starch & Sweetener Tbk has a Sloan Ratio of 0.96%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Budi Starch & Sweetener Tbk Sloan Ratio % Related Terms
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PT Budi Starch & Sweetener Tbk (ISX:BUDI) Business Description
PT Budi Starch & Sweetener Tbk is an Indonesia-based company involved in the packaged food business sector. The Company's primary activities include industrial food processing and chemicals, and all derivative products produced from cassava, sweet potato, palm oil, copra, and other agricultural products and a wide variety of industries, especially the plastics industry. The segments of the company are tapioca starch, sweeteners, PP Woven Bags, Sulphuric Acid, and Other Chemical Products. The company generates maximum revenue from Tapioca starch products.
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