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, Synergy Green Industries has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Synergy Green Industries 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 Synergy Green Industries's Sloan Ratio %
For the Metal Fabrication subindustry, Synergy Green 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.
Synergy Green Industries's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Synergy Green Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Synergy Green Industries's Sloan Ratio % falls into.
Synergy Green 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.
Synergy Green Industries's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Synergy Green Industries's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 26.145 (Dec. 2023 ) + 32.541 (Mar. 2024 ) + 29.518 (Jun. 2024 ) + 41.561 (Sep. 2024 ) = ₹130 Mil.
Synergy Green Industries'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.
Synergy Green Industries'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.
Synergy Green Industries (NSE:SGIL) 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, Synergy Green Industries has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Synergy Green Industries Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Synergy Green Industries's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Synergy Green Industries Ltd is engaged in the business of foundry which is manufacturing of wind turbine casting and other large precision castings. The Company operates in a single operating segment of manufacturing of castings. The company generates maximum revenue from the sale of Windmill Castings. Products offered by the company include gearbox housing, hub, front wheel, main foundation, base frame, main axle, hollow shaft, DV- casing, diffuser, rear wheel, wedge, cannon tube, and others.
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