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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. 2026, PT Leyand International Tbk has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Leyand International Tbk (ISX:LAPD) 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. 2026, PT Leyand International Tbk has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Leyand International Tbk Sloan Ratio % Related Terms
PT Leyand International 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.
ISX:LAPD vs CEG, VST, NRG: Sloan Ratio % Comparison
For the Utilities - Independent Power Producers subindustry, PT Leyand International 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 Leyand International Tbk Sloan Ratio % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, PT Leyand International Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Leyand International Tbk's Sloan Ratio % falls into.
PT Leyand International 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 Leyand International Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -2430.915 (Jun. 2025 ) + 857.819 (Sep. 2025 ) + -2984.94 (Dec. 2025 ) + -2059.048 (Mar. 2026 ) = Rp-6,617 Mil.
PT Leyand International Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -6086.71 (Jun. 2025 ) + 3751.905 (Sep. 2025 ) + -5124.198 (Dec. 2025 ) + -3131.184 (Mar. 2026 ) = Rp-10,590 Mil.
PT Leyand International Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -8661.237 (Jun. 2025 ) + 540.54 (Sep. 2025 ) + 7426.525 (Dec. 2025 ) + 0 (Mar. 2026 ) = Rp-694 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 Leyand International Tbk (ISX:LAPD) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Leyand International Tbk and its competitors.
Is PT Leyand International Tbk's Sloan Ratio % too high?
PT Leyand International Tbk's current Sloan Ratio % is 0.00%. Overall, PT Leyand International Tbk has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does PT Leyand International Tbk's Sloan Ratio % compare to CEG and VST?
PT Leyand International Tbk's Sloan Ratio % of 0.00% can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Utilities - Independent Power Producers company?
A good Sloan Ratio % depends on the Utilities - Independent Power Producers industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Leyand International Tbk and its competitors. PT Leyand International Tbk's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Leyand International Tbk stock overvalued right now?
PT Leyand International Tbk (ISX:LAPD) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. PT Leyand International Tbk's overall GF Score™ is 14/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For PT Leyand International Tbk (ISX:LAPD), the current Sloan Ratio % is 0.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
PT Leyand International Tbk is engaged in the power plant and energy industry in Medan, Palembang, and Pontianak. Its activities include power plant management; gas, oil, and fuel trade and distribution, and provision of consulting services. The company and subsidiaries' segment operations have been classified into the main business operations of Electricity sales and Genset rent. It derives the majority of its revenues from Electricity sales. The group's customer is located in Indonesia.
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