What is PT Total Bangun Persada 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 Total Bangun Persada Tbk has a Sloan Ratio of -2.25%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Total Bangun Persada 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 Total Bangun Persada Tbk's Sloan Ratio %
For the Engineering & Construction subindustry, PT Total Bangun Persada 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 Total Bangun Persada Tbk's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, PT Total Bangun Persada Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Total Bangun Persada Tbk's Sloan Ratio % falls into.
PT Total Bangun Persada 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 Total Bangun Persada Tbk's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 63094.771 (Dec. 2023 ) + 52719.13 (Mar. 2024 ) + 59934.969 (Jun. 2024 ) + 67685.205 (Sep. 2024 ) = Rp243,434 Mil.
PT Total Bangun Persada Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -7260.303 (Dec. 2023 ) + 339799.696 (Mar. 2024 ) + -8751.939 (Jun. 2024 ) + 163818.477 (Sep. 2024 ) = Rp487,606 Mil.
PT Total Bangun Persada Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 41547.472 (Dec. 2023 ) + -220.542 (Mar. 2024 ) + -60817.223 (Jun. 2024 ) + -151384.866 (Sep. 2024 ) = Rp-170,875 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 Total Bangun Persada Tbk (ISX:TOTL) 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 Total Bangun Persada Tbk has a Sloan Ratio of -2.25%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Total Bangun Persada Tbk Sloan Ratio % Related Terms
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PT Total Bangun Persada Tbk operates in the building construction service business. It acts as the main contractor and design and builds contractor in the construction service segment. It is also engaged in the business service of leasing or rental and others, covering equipment rental, property rental, and training fees. The operating business segments are Construction and Rental and others with maximum revenue derived from the Construction segment. Its services are project administration, selection and procurement of building materials, optimal application of construction methods, site management, recruitment and management of all sub-contractors, coordination, and periodical monitoring.
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