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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 . 20, PT Asia Pacific Fibers 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 Asia Pacific Fibers Tbk (ISX:POLY) 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 . 20, PT Asia Pacific Fibers 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 Asia Pacific Fibers Tbk Sloan Ratio % Related Terms
PT Asia Pacific Fibers 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.
PT Asia Pacific Fibers Tbk Sloan Ratio % Chart
PT Asia Pacific Fibers Tbk Annual Data
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Sloan Ratio %
PT Asia Pacific Fibers Tbk Quarterly Data
Sloan Ratio %
ISX:POLY vs IKNX: Sloan Ratio % Comparison
For the Specialty Chemicals subindustry, PT Asia Pacific Fibers 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 Asia Pacific Fibers Tbk Sloan Ratio % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, PT Asia Pacific Fibers Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Asia Pacific Fibers Tbk's Sloan Ratio % falls into.
PT Asia Pacific Fibers 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.
* 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 Asia Pacific Fibers Tbk (ISX:POLY) has a Sloan Ratio % of 0.00% as of . 20. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Asia Pacific Fibers Tbk and its competitors.
Is PT Asia Pacific Fibers Tbk's Sloan Ratio % too high?
PT Asia Pacific Fibers Tbk's current Sloan Ratio % is 0.00%.
How does PT Asia Pacific Fibers Tbk's Sloan Ratio % compare to IKNX?
PT Asia Pacific Fibers Tbk's Sloan Ratio % of 0.00% can be compared against companies in the Chemicals 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 a Chemicals company?
A good Sloan Ratio % depends on the Chemicals 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 Asia Pacific Fibers Tbk and its competitors. PT Asia Pacific Fibers 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 Asia Pacific Fibers Tbk stock overvalued right now?
PT Asia Pacific Fibers Tbk (ISX:POLY) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. 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 Asia Pacific Fibers Tbk (ISX:POLY), the current Sloan Ratio % is 0.00% as of . 20. 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 Asia Pacific Fibers Tbk is an Indonesian-based company engaged in the manufacturing of chemical and synthetic fibers, weaving and knitting, and other activities related to the textile industry. The Company has two manufacturing plants, and markets its product both locally and internationally, such as in Europe, the United States of America, Asia, Australia, and the Middle East. Its business segments are Chemical and synthetic fiber, and Weaving and Knitting segments.
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