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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.
KCK Industries's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.
As of Mar. 2024, KCK Industries has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
KCK Industries (NSE:KCK) 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, KCK Industries has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
KCK Industries Sloan Ratio % Related Terms
KCK Industries Sloan Ratio % Historical Data
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The historical data trend for KCK Industries'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.
For the Textile Manufacturing subindustry, KCK Industries'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.
KCK Industries Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, KCK Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where KCK Industries's Sloan Ratio % falls into.
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.
KCK Industries's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
KCK Industries's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 11.954 (Mar. 2023 ) + 0 (Mar. 2024 ) = ₹12.0 Mil.
KCK Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -195.311 (Mar. 2023 ) + 0 (Mar. 2024 ) = ₹-195.3 Mil.
KCK Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -9.379 (Mar. 2023 ) + 0 (Mar. 2024 ) = ₹-9.4 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.
KCK Industries (NSE:KCK) has a Sloan Ratio % of 0.00% as of Mar. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on KCK Industries and its competitors.
Is KCK Industries' Sloan Ratio % too high?
KCK Industries' current Sloan Ratio % is 0.00%. Overall, KCK Industries has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does KCK Industries' Sloan Ratio % compare to AIN?
KCK Industries' Sloan Ratio % of 0.00% can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on KCK Industries and its competitors. KCK Industries's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCK Industries stock overvalued right now?
KCK Industries (NSE:KCK) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. KCK Industries' overall GF Score™ is 32/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For KCK Industries (NSE:KCK), the current Sloan Ratio % is 0.00% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
KCK Industries Ltd is engaged in the business of trading and distribution of high-quality combed and carded cotton yarns in single and multifold and knitted fabrics. Its trading business also includes trading and distribution of high-quality chemicals and dyes for the textiles industry, leather, and paper industries. It also deals in Construction Chemicals. It supplies a diverse product portfolio in the chemicals and dyes segment. Its segments include the Trading segment and the Manufacturing / Processing Segment. It derives the majority of the revenue from the Manufacturing / Processing Segment that engages in processing the non-basmati and basmati rice.
32GF Score
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