What is Phoenix Petroleum 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.
Competitive Comparison of Phoenix Petroleum Philippines's Sloan Ratio %
For the Oil & Gas Refining & Marketing subindustry, Phoenix Petroleum 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.
Phoenix Petroleum Philippines's Sloan Ratio % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phoenix Petroleum Philippines's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Phoenix Petroleum Philippines's Sloan Ratio % falls into.
Phoenix Petroleum 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.
Phoenix Petroleum Philippines's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -2212.246 (Dec. 2022 ) + -963.732 (Mar. 2023 ) + -1097.662 (Jun. 2023 ) + -1621.326 (Sep. 2023 ) = ₱-5,894.97 Mil.
Phoenix Petroleum Philippines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 18885.422 (Dec. 2022 ) + 1466.431 (Mar. 2023 ) + -1241.39 (Jun. 2023 ) + -319.934 (Sep. 2023 ) = ₱18,790.53 Mil.
Phoenix Petroleum Philippines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 276.679 (Dec. 2022 ) + -307.529 (Mar. 2023 ) + 484.399 (Jun. 2023 ) + -1209.93 (Sep. 2023 ) = ₱-756.38 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.
Phoenix Petroleum Philippines (PHS:PNX3B.PFD) 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, Phoenix Petroleum Philippines has a Sloan Ratio of -28.95%, indicating earnings are more likely to be made up of accruals.
Phoenix Petroleum Philippines Sloan Ratio % Related Terms
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Phoenix Petroleum Philippines (PHS:PNX3B.PFD) Business Description
Phoenix Petroleum Philippines Inc is a Philippines-based company. Its segments include Trading, which is the key revenue driver, engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing, and distribution of goods and wares such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins, lubricants, and other products; Depot and logistics services engaged in operating oil depots, storage facilities and provides logistics services to various entities; and Real estate involved in real estate development, management, and operations. Geographically, the company operates in the Philippines, Singapore, and Vietnam. The majority of its revenue is generated from Singapore.
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