What is PT Tower Bersama Infrastructure 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 Mar. 2024, PT Tower Bersama Infrastructure Tbk has a Sloan Ratio of -1.31%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Tower Bersama Infrastructure 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 Tower Bersama Infrastructure Tbk Sloan Ratio % Chart
Competitive Comparison of PT Tower Bersama Infrastructure Tbk's Sloan Ratio %
For the Telecom Services subindustry, PT Tower Bersama Infrastructure 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 Tower Bersama Infrastructure Tbk's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PT Tower Bersama Infrastructure Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Tower Bersama Infrastructure Tbk's Sloan Ratio % falls into.
PT Tower Bersama Infrastructure 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 Tower Bersama Infrastructure Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 23.745 (Jun. 2023 ) + 27.669 (Sep. 2023 ) + 28.666 (Dec. 2023 ) + 22.693 (Mar. 2024 ) = $102.8 Mil.
PT Tower Bersama Infrastructure Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 68.055 (Jun. 2023 ) + 76.096 (Sep. 2023 ) + 64.482 (Dec. 2023 ) + 108.054 (Mar. 2024 ) = $316.7 Mil.
PT Tower Bersama Infrastructure Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -39.581 (Jun. 2023 ) + -43.487 (Sep. 2023 ) + -47.292 (Dec. 2023 ) + -43.737 (Mar. 2024 ) = $-174.1 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 Tower Bersama Infrastructure Tbk (OTCPK:PTFRF) 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 Mar. 2024, PT Tower Bersama Infrastructure Tbk has a Sloan Ratio of -1.31%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Tower Bersama Infrastructure Tbk Sloan Ratio % Related Terms
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PT Tower Bersama Infrastructure Tbk (PT Tower Bersama Infrastructure Tbk) Business Description
PT Tower Bersama Infrastructure Tbk is a provider of coverage solutions. The firm's primary business is leasing space for antennas and other equipment for wireless signal transmission to telecommunication operators. PT Tower Bersama's other services include network planning, land acquisition and site licensing, infrastructure design and construction, network installation and project management, network expansion rollouts, and ongoing servicing. The Company also provides telecommunications operators with access to its Distributed Antennae System networks in shopping malls and office buildings in urban areas. A majority of the firm's revenue is generated in Indonesia.
PT Tower Bersama Infrastructure Tbk (PT Tower Bersama Infrastructure Tbk) Headlines
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