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SUTL Enterprise (SGX:BHU) Sloan Ratio % : -4.86% (As of Dec. 2023)


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What is SUTL Enterprise 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.

SUTL Enterprise's Sloan Ratio for the quarter that ended in Dec. 2023 was -4.86%.

As of Dec. 2023, SUTL Enterprise has a Sloan Ratio of -4.86%, indicating the company is in the safe zone and there is no funny business with accruals.


SUTL Enterprise Sloan Ratio % Historical Data

The historical data trend for SUTL Enterprise'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.

* Premium members only.

SUTL Enterprise Sloan Ratio % Chart

SUTL Enterprise Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.55 0.20 -0.68 21.22 -4.86

SUTL Enterprise Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.68 2.34 21.22 12.13 -4.86

Competitive Comparison of SUTL Enterprise's Sloan Ratio %

For the Leisure subindustry, SUTL Enterprise'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.


SUTL Enterprise's Sloan Ratio % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SUTL Enterprise's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where SUTL Enterprise's Sloan Ratio % falls into.



SUTL Enterprise 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.

SUTL Enterprise'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 )
=(8.091-9.979
-4.286)/127.038
=-4.86%

SUTL Enterprise's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(8.091-9.979
-4.286)/127.038
=-4.86%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. SUTL Enterprise's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 4.763 (Jun. 2023 ) + 3.328 (Dec. 2023 ) = S$8.09 Mil.
SUTL Enterprise's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 4.675 (Jun. 2023 ) + 5.304 (Dec. 2023 ) = S$9.98 Mil.
SUTL Enterprise's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 5.545 (Jun. 2023 ) + -1.259 (Dec. 2023 ) = S$4.29 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.


SUTL Enterprise  (SGX:BHU) 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 Dec. 2023, SUTL Enterprise has a Sloan Ratio of -4.86%, indicating the company is in the safe zone and there is no funny business with accruals.


SUTL Enterprise Sloan Ratio % Related Terms

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SUTL Enterprise (SGX:BHU) Business Description

Traded in Other Exchanges
N/A
Address
100J Pasir Panjang Road, SUTL House, Number 05-00, Singapore, SGP, 118525
SUTL Enterprise Ltd develops infrastructure for integrated marinas and also provides consultancy services for marina projects. It operates its own marinas under its proprietary ONE 15 brand, as well as those of third parties under management contracts. The company's source of revenue includes the sale of goods and services, and Membership and management fees. Geographically group is active in Singapore and Malaysia and derives key revenue from Singapore.

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