ALDREES Petroleum & Transport Services Co (SAU:4200) Sloan Ratio % : -0.40% (As of Mar. 2024)

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What is ALDREES Petroleum & Transport Services Co 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.

ALDREES Petroleum & Transport Services Co's Sloan Ratio for the quarter that ended in Mar. 2024 was -0.40%.

As of Mar. 2024, ALDREES Petroleum & Transport Services Co has a Sloan Ratio of -0.40%, indicating the company is in the safe zone and there is no funny business with accruals.

ALDREES Petroleum & Transport Services Co Sloan Ratio % Historical Data

The historical data trend for ALDREES Petroleum & Transport Services Co's Sloan Ratio % can be seen below:

* 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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ALDREES Petroleum & Transport Services Co Sloan Ratio % Chart

ALDREES Petroleum & Transport Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-2.37

-8.91

-8.84

-0.23

-1.60

ALDREES Petroleum & Transport Services Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-0.01	-14.30	-1.07	-1.60	-0.40

Competitive Comparison of ALDREES Petroleum & Transport Services Co's Sloan Ratio %

For the Specialty Retail subindustry, ALDREES Petroleum & Transport Services Co'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.

ALDREES Petroleum & Transport Services Co's Sloan Ratio % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ALDREES Petroleum & Transport Services Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where ALDREES Petroleum & Transport Services Co's Sloan Ratio % falls into.

ALDREES Petroleum & Transport Services Co 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.

ALDREES Petroleum & Transport Services Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(280.814	-	974.086
	-	-573.417)	/	7506.13
	=	-1.60%

ALDREES Petroleum & Transport Services Co's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(287.717	-	943.718
	-	-623.382)	/	8059.636
	=	-0.40%

ALDREES Petroleum & Transport Services Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 70.238 (Jun. 2023 ) + 67.554 (Sep. 2023 ) + 72.487 (Dec. 2023 ) + 77.438 (Mar. 2024 ) = ﷼288 Mil.
ALDREES Petroleum & Transport Services Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 1231.939 (Jun. 2023 ) + -797.759 (Sep. 2023 ) + 350.732 (Dec. 2023 ) + 158.806 (Mar. 2024 ) = ﷼944 Mil.
ALDREES Petroleum & Transport Services Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -87.043 (Jun. 2023 ) + -113.528 (Sep. 2023 ) + -265.438 (Dec. 2023 ) + -157.373 (Mar. 2024 ) = ﷼-623 Mil.

ALDREES Petroleum & Transport Services Co (SAU:4200) 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.

According to How to Beat the Market with the Sloan Ratio:

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, ALDREES Petroleum & Transport Services Co has a Sloan Ratio of -0.40%, indicating the company is in the safe zone and there is no funny business with accruals.

ALDREES Petroleum & Transport Services Co Sloan Ratio % Related Terms

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ALDREES Petroleum & Transport Services Co (SAU:4200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ALDREES Petroleum & Transport Services Co (SAU:4200) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 609, Riyadh, SAU, 11421

Website

https://www.aldrees.com

ALDREES Petroleum & Transport Services Co provides petroleum and transport services. It is engaged in the wholesale and retail of fuel, gasoline, oil, and lubricants in the Kingdom of Saudi Arabia. The company has two reportable segments namely Petroleum Services and Transport Services. The company generates maximum revenue from the Petroleum Services segment. It operates fuel stations and also provides various services such as additives, car wash, tire servicing, alignment, accessories, ATMs, car rental, and prepaid fuel cards.

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