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, Heubach Colorants India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Heubach Colorants India 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 Heubach Colorants India's Sloan Ratio %
For the Specialty Chemicals subindustry, Heubach Colorants India'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.
Heubach Colorants India's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Heubach Colorants India's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Heubach Colorants India's Sloan Ratio % falls into.
Heubach Colorants India 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.
Heubach Colorants India's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Heubach Colorants India's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 63.9 (Dec. 2023 ) + 58.485 (Mar. 2024 ) + 51.7 (Jun. 2024 ) + 184.1 (Sep. 2024 ) = ₹358 Mil.
Heubach Colorants India's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) = ₹0 Mil.
Heubach Colorants India's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) = ₹0 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.
Heubach Colorants India (NSE:HEUBACHIND) 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, Heubach Colorants India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Heubach Colorants India Sloan Ratio % Related Terms
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Heubach Colorants India Ltd is engaged in the manufacturing and selling of Specialty Chemicals. It Enables coatings, plastics, inks, and specialty companies to deliver stellar products to their customers. Its business activity falls within a single segment which is Colorants. Its products include A-Z of Heubach, Product Finder, Formulation Guide for Corrosion Protection, and Formulation Guide for Automotive Coatings. Its applications include Coatings, Corrosion Protection, Plastics, Printing & Digital Printing, and Special Applications.
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