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.
MY E.G.Services Bhd's Sloan Ratio for the quarter that ended in Dec. 2023 was 23.22%.
As of Dec. 2023, MY E.G.Services Bhd has a Sloan Ratio of 23.22%, indicating there is a warning stage of accrual build up.
MY E.G.Services Bhd Sloan Ratio % Historical Data
The historical data trend for MY E.G.Services Bhd's Sloan Ratio % can be seen below:
* 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 MY E.G.Services Bhd's Sloan Ratio %
For the Information Technology Services subindustry, MY E.G.Services Bhd'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.
MY E.G.Services Bhd's Sloan Ratio % Distribution in the Software Industry
For the Software industry and Technology sector, MY E.G.Services Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where MY E.G.Services Bhd's Sloan Ratio % falls into.
MY E.G.Services Bhd 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.
MY E.G.Services Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
MY E.G.Services Bhd's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 23.731 (Mar. 2023 ) + 24.094 (Jun. 2023 ) + 25.626 (Sep. 2023 ) + 32.237 (Dec. 2023 ) = $105.7 Mil.
MY E.G.Services Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 29.882 (Mar. 2023 ) + 33.422 (Jun. 2023 ) + 0.897 (Sep. 2023 ) + 53.472 (Dec. 2023 ) = $117.7 Mil.
MY E.G.Services Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -16.504 (Mar. 2023 ) + -22.116 (Jun. 2023 ) + -21.349 (Sep. 2023 ) + -112.416 (Dec. 2023 ) = $-172.4 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.
MY E.G.Services Bhd (OTCPK:MYYGF) 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 Dec. 2023, MY E.G.Services Bhd has a Sloan Ratio of 23.22%, indicating there is a warning stage of accrual build up.
MY E.G.Services Bhd Sloan Ratio % Related Terms
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MY E.G.Services Bhd (MY E.G.Services Bhd) Business Description
MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.
MY E.G.Services Bhd (MY E.G.Services Bhd) Headlines
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