What is PT Semen Indonesia (Persero) Tbk 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.
As of Sep. 2024, PT Semen Indonesia (Persero) Tbk has a Sloan Ratio of -2.19%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Semen Indonesia (Persero) Tbk 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.
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PT Semen Indonesia (Persero) Tbk Sloan Ratio % Chart
Competitive Comparison of PT Semen Indonesia (Persero) Tbk's Sloan Ratio %
For the Building Materials subindustry, PT Semen Indonesia (Persero) Tbk'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.
PT Semen Indonesia (Persero) Tbk's Sloan Ratio % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, PT Semen Indonesia (Persero) Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Semen Indonesia (Persero) Tbk's Sloan Ratio % falls into.
PT Semen Indonesia (Persero) Tbk 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.
PT Semen Indonesia (Persero) Tbk's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 29.613 (Dec. 2023 ) + 30.605 (Mar. 2024 ) + 1.924 (Jun. 2024 ) + 14.157 (Sep. 2024 ) = $76 Mil.
PT Semen Indonesia (Persero) Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 144.241 (Dec. 2023 ) + 36.829 (Mar. 2024 ) + 29.442 (Jun. 2024 ) + 87.646 (Sep. 2024 ) = $298 Mil.
PT Semen Indonesia (Persero) Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -47.75 (Dec. 2023 ) + -17.605 (Mar. 2024 ) + -23.116 (Jun. 2024 ) + -21.879 (Sep. 2024 ) = $-110 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.
PT Semen Indonesia (Persero) Tbk (OTCPK:PSGTF) 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, PT Semen Indonesia (Persero) Tbk has a Sloan Ratio of -2.19%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Semen Indonesia (Persero) Tbk Sloan Ratio % Related Terms
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PT Semen Indonesia (Persero) Tbk Business Description
PT Semen Indonesia (Persero) Tbk is engaged in the manufacturing industry, especially cement & its derivatives, other building materials, as well as related business activities both upstream and downstream. The company operates in two segments; the Cement Production Segment produces and markets cement products in Indonesia, and Vietnam, as well as various export destination countries, including Bangladesh, Australia, the Philippines, Taiwan, China, and several other countries, and The non-cement production segment, consists of mining limestone and clay, manufacturing packaging bags, developing industrial estates, finished and ready-to-use concrete, information system services, logistics, and trading. It generates a majority of its revenue from the cement production segment.
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