What is Delta Electronics (Thailand) PCL 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 Dec. 2024, Delta Electronics (Thailand) PCL has a Sloan Ratio of 1.73%, indicating the company is in the safe zone and there is no funny business with accruals.
Delta Electronics (Thailand) PCL 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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Delta Electronics (Thailand) PCL Sloan Ratio % Chart
Competitive Comparison of Delta Electronics (Thailand) PCL's Sloan Ratio %
For the Electrical Equipment & Parts subindustry, Delta Electronics (Thailand) PCL'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.
Delta Electronics (Thailand) PCL's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Delta Electronics (Thailand) PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Delta Electronics (Thailand) PCL's Sloan Ratio % falls into.
Delta Electronics (Thailand) PCL 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.
Delta Electronics (Thailand) PCL's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 160.64 (Mar. 2024 ) + 241.734 (Jun. 2024 ) + 230.311 (Sep. 2024 ) + 85.238 (Dec. 2024 ) = S$718 Mil.
Delta Electronics (Thailand) PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 185.68 (Mar. 2024 ) + 279.767 (Jun. 2024 ) + 453.661 (Sep. 2024 ) + 277.983 (Dec. 2024 ) = S$1,197 Mil.
Delta Electronics (Thailand) PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -163.636 (Mar. 2024 ) + -118.521 (Jun. 2024 ) + -117.738 (Sep. 2024 ) + -163.47 (Dec. 2024 ) = S$-563 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.
Delta Electronics (Thailand) PCL (SGX:TDED) 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, Delta Electronics (Thailand) PCL has a Sloan Ratio of 1.73%, indicating the company is in the safe zone and there is no funny business with accruals.
Delta Electronics (Thailand) PCL Sloan Ratio % Related Terms
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Delta Electronics (Thailand) PCL Business Description
Delta Electronics (Thailand) PCL manufactures and distributes power supplies, electronic equipment, and components. Its product portfolio is organized into four segments: power electronics, which includes energy supply for computers and other tools, electric vehicle power supply, and heat control; infrastructure, which includes telecom power supplies, backpack power supplies, and renewable energy sources; Mobility segment which designs, manufactures, and sales of power supplies applied to e-Drive System and Power Electronics System in driving electric vehicle; and automation, which includes industrial robotic machines, automated lighting, and programmed security systems. The majority of its revenue comes from customers in the United States.
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