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 Dec. 2024, International Cement Group has a Sloan Ratio of -2.45%, indicating the company is in the safe zone and there is no funny business with accruals.
International Cement Group 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.
Competitive Comparison of International Cement Group's Sloan Ratio %
For the Building Materials subindustry, International Cement Group'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.
International Cement Group's Sloan Ratio % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, International Cement Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where International Cement Group's Sloan Ratio % falls into.
International Cement Group 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
International Cement Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 0.933 (Jun. 2024 ) + -0.798 (Dec. 2024 ) = S$0.1 Mil.
International Cement Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 20.851 (Jun. 2024 ) + 44.614 (Dec. 2024 ) = S$65.5 Mil.
International Cement Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -21.895 (Jun. 2024 ) + -28.639 (Dec. 2024 ) = S$-50.5 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.
International Cement Group (SGX:KUO) 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 Dec. 2024, International Cement Group has a Sloan Ratio of -2.45%, indicating the company is in the safe zone and there is no funny business with accruals.
International Cement Group Sloan Ratio % Related Terms
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International Cement Group Ltd along with its subsidiaries is engaged in the production, sale, and distribution of cement, gypsum plasterboards, and related products in the Central Asia region. The company's reportable segments are; Aluminium, Cement, and other operations. The Aluminium division is engaged in undertaking of aluminium architectural contracts and engineering works and subcontracting of building construction projects, manufacture of aluminium extrusions and supply of all such related products; and the Cement division which generates key revenue, is engaged in production, sale and distribution of Cement. Other operations mainly relates to production, sales and distribution of gypsum plasterboards and related products.
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