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.
Moxsh Overseas Educon's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.
Warning Sign:
When sloan ratio (75.67)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Sep. 2023, Moxsh Overseas Educon has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Moxsh Overseas Educon Sloan Ratio % Historical Data
The historical data trend for Moxsh Overseas Educon'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 Moxsh Overseas Educon's Sloan Ratio %
For the Education & Training Services subindustry, Moxsh Overseas Educon'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.
Moxsh Overseas Educon's Sloan Ratio % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Moxsh Overseas Educon's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Moxsh Overseas Educon's Sloan Ratio % falls into.
Moxsh Overseas Educon 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.
Moxsh Overseas Educon's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Moxsh Overseas Educon's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 9.696 (Mar. 2023 ) + 1.853 (Sep. 2023 ) = ₹11.5 Mil.
Moxsh Overseas Educon's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Mar. 2023 ) + -1.042 (Sep. 2023 ) = ₹-1.0 Mil.
Moxsh Overseas Educon's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Mar. 2023 ) + 8.557 (Sep. 2023 ) = ₹8.6 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.
Moxsh Overseas Educon (NSE:MOXSH) 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. 2023, Moxsh Overseas Educon has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Moxsh Overseas Educon Sloan Ratio % Related Terms
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Moxsh Overseas Educon (NSE:MOXSH) Business Description
Moxsh Overseas Educon Ltd is an Edu-Medi Tech company engaged in the business of offering diverse and cohesive learning solutions, counselling and mobility services to students aspiring to pursue medical studies (MBBS) in India or abroad under its brand MOKSH. It also provides advisory to students for their medical career planning and execution. The company is a digitally native, technology led business, providing online learning program (test preparation) for medical entrance examinations, NEET-UG and for medicos (i.e. medical aspirants or graduates of a medical school) to appear for medical licensing examination, such as USMLE, PLAB, DHA, NeXT, FMGE etc, under its brand MOKSH Academy.
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