Rajputana Industries (NSE:RAJINDLTD) Sloan Ratio % : -2.94% (As of Mar. 2024)

Rajputana Industries Sloan Ratio % Chart

Competitive Comparison of Rajputana Industries's Sloan Ratio %

For the Metal Fabrication subindustry, Rajputana 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.

Rajputana Industries's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rajputana Industries's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Rajputana Industries's Sloan Ratio % falls into.

Rajputana Industries 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.

Rajputana Industries's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Rajputana Industries's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Rajputana Industries's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 24.996 (Sep. 2023 ) + 26.268 (Mar. 2024 ) = ₹51 Mil.
Rajputana Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 73.617 (Sep. 2023 ) + 101.881 (Mar. 2024 ) = ₹175 Mil.
Rajputana Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -15.713 (Sep. 2023 ) + -64.475 (Mar. 2024 ) = ₹-80 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.

Rajputana Industries  (NSE:RAJINDLTD) 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.

According to How to Beat the Market with the Sloan Ratio:

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, Rajputana Industries has a Sloan Ratio of -2.94%, indicating the company is in the safe zone and there is no funny business with accruals.

Rajputana Industries Sloan Ratio % Related Terms

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Rajputana Industries Business Description