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.
Navneet Education's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
As of Sep. 2024, Navneet Education has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Navneet Education Sloan Ratio % Historical Data
The historical data trend for Navneet Education'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 Navneet Education's Sloan Ratio %
For the Publishing subindustry, Navneet Education'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.
Navneet Education's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Navneet Education's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Navneet Education's Sloan Ratio % falls into.
Navneet Education 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.
Navneet Education's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Navneet Education's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -225.3 (Dec. 2023 ) + 935.9 (Mar. 2024 ) + 7016.8 (Jun. 2024 ) + -48.1 (Sep. 2024 ) = ₹7,679 Mil.
Navneet Education'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.
Navneet Education'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.
Navneet Education (NSE:NAVNETEDUL) 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, Navneet Education has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Navneet Education Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Navneet Education's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Navneet Education Ltd is engaged in the publication of knowledge-based information in educational and general books as well as in electronic media and manufacturing of paper and other stationery items. The company provides educational syllabus-based content in print & digital mediums, manufactures scholastic paper stationery, and publishes general and children's books, and also Scholastic Non-Paper Stationary products including various titles in the Children and General books category, which are not based on the syllabus. It markets its products under the brand names Navneet, Vikas, Gala, Grafalco, FfUuNn, and Boss. The company manages its business in segments namely Publication, Stationery, and Others. It has a business presence in India and other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:NAVNETEDUL has been successfully added to your 