What is PT Waskita Karya (Persero) 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 Waskita Karya (Persero) Tbk has a Sloan Ratio of -6.32%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Waskita Karya (Persero) 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 Waskita Karya (Persero) Tbk Sloan Ratio % Chart
Competitive Comparison of PT Waskita Karya (Persero) Tbk's Sloan Ratio %
For the Engineering & Construction subindustry, PT Waskita Karya (Persero) 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 Waskita Karya (Persero) Tbk's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, PT Waskita Karya (Persero) Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Waskita Karya (Persero) Tbk's Sloan Ratio % falls into.
PT Waskita Karya (Persero) 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 Waskita Karya (Persero) Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -1697571.688 (Jun. 2023 ) + -761686.901 (Sep. 2023 ) + -936204.479 (Dec. 2023 ) + -939551.266 (Mar. 2024 ) = Rp-4,335,014 Mil.
PT Waskita Karya (Persero) Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -520704.433 (Jun. 2023 ) + 882778.872 (Sep. 2023 ) + 2429215.785 (Dec. 2023 ) + 251076.508 (Mar. 2024 ) = Rp3,042,367 Mil.
PT Waskita Karya (Persero) Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -32544.123 (Jun. 2023 ) + -585921.464 (Sep. 2023 ) + -722584.696 (Dec. 2023 ) + -206817.236 (Mar. 2024 ) = Rp-1,547,868 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 Waskita Karya (Persero) Tbk (ISX:WSKT) 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. 2024, PT Waskita Karya (Persero) Tbk has a Sloan Ratio of -6.32%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Waskita Karya (Persero) Tbk Sloan Ratio % Related Terms
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PT Waskita Karya (Persero) Tbk (ISX:WSKT) Business Description
Jalan Letjen M.T. Haryono Kav. 10, RT 11/RW 11, Cawang, Kramat Jati, Cipinang Cempedak, Jatinegara, Kota Jakarta Timur, Daerah Khusus Ibuk, Jakarta, IDN, 13340
PT Waskita Karya (Persero) Tbk is a state-owned enterprise (Indonesia) that provides services for construction, toll roads, property development, and the energy industry. In the construction sector, services are related to building projects, civil projects, engineering, procurement, and construction. Waskita Karya operates five Constructions, Building Rental, Toll, Property and Hotel, Precast, and Others Infrastructure.
PT Waskita Karya (Persero) Tbk (ISX:WSKT) Headlines
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