What is PT Solusi Tunas Pratama 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 Sep. 2024, PT Solusi Tunas Pratama Tbk has a Sloan Ratio of -3.51%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Solusi Tunas Pratama 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 Solusi Tunas Pratama Tbk's Sloan Ratio %
For the Real Estate Services subindustry, PT Solusi Tunas Pratama 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 Solusi Tunas Pratama Tbk's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Solusi Tunas Pratama Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Solusi Tunas Pratama Tbk's Sloan Ratio % falls into.
PT Solusi Tunas Pratama 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 Solusi Tunas Pratama Tbk's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 361406 (Dec. 2023 ) + 217754 (Mar. 2024 ) + 256761 (Jun. 2024 ) + 268653 (Sep. 2024 ) = Rp1,104,574 Mil.
PT Solusi Tunas Pratama Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 238841 (Dec. 2023 ) + 932962 (Mar. 2024 ) + 180385 (Jun. 2024 ) + 225217 (Sep. 2024 ) = Rp1,577,405 Mil.
PT Solusi Tunas Pratama Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -47075 (Dec. 2023 ) + -41733 (Mar. 2024 ) + -32509 (Jun. 2024 ) + -28337 (Sep. 2024 ) = Rp-149,654 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 Solusi Tunas Pratama Tbk (ISX:SUPR) 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 Sep. 2024, PT Solusi Tunas Pratama Tbk has a Sloan Ratio of -3.51%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Solusi Tunas Pratama Tbk Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of PT Solusi Tunas Pratama Tbk's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Solusi Tunas Pratama Tbk is engaged in telecommunication infrastructure. The company operates and leases base transceiver station tower buildings or telecommunications towers, and other related telecommunication infrastructure. The segments of the company are Tower lease and Other services. The business activity of the group has functioned in the Indonesia region, and derives majority of its revenue from lease sources.
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