What is Panasonic Manufacturing Philippines Sloan Ratio %?
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.
* 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.
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Panasonic Manufacturing Philippines Sloan Ratio % Chart
Competitive Comparison of Panasonic Manufacturing Philippines's Sloan Ratio %
For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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.
Panasonic Manufacturing Philippines's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Panasonic Manufacturing Philippines's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Panasonic Manufacturing Philippines's Sloan Ratio % falls into.
Panasonic Manufacturing Philippines 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.
Panasonic Manufacturing Philippines's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 201.289 (Mar. 2023 ) + 58.452 (Jun. 2023 ) + 4.82 (Sep. 2023 ) + -21.593 (Dec. 2023 ) = ₱243 Mil.
Panasonic Manufacturing Philippines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 437.256 (Mar. 2023 ) + 553.719 (Jun. 2023 ) + 641.332 (Sep. 2023 ) + -42.281 (Dec. 2023 ) = ₱1,590 Mil.
Panasonic Manufacturing Philippines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -77.962 (Mar. 2023 ) + -47.415 (Jun. 2023 ) + -29.826 (Sep. 2023 ) + -66.311 (Dec. 2023 ) = ₱-222 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.
Panasonic Manufacturing Philippines (PHS:PMPC) 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 Dec. 2023, Panasonic Manufacturing Philippines has a Sloan Ratio of -13.12%, indicating there is a warning stage of accrual build up.
Panasonic Manufacturing Philippines Sloan Ratio % Related Terms
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Panasonic Manufacturing Philippines (PHS:PMPC) Business Description
Panasonic Manufacturing Philippines Corp company is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Life Solutions includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. The Consumer segment generates maximum revenue for the company. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hongkong, and Taiwan.
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