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SPIDY (Septeni Holdings Co) Sloan Ratio % : -2.92% (As of Jun. 2024)


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What is Septeni Holdings 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.

Septeni Holdings Co's Sloan Ratio for the quarter that ended in Jun. 2024 was -2.92%.

Warning Sign:

When sloan ratio (36.78)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Jun. 2024, Septeni Holdings Co has a Sloan Ratio of -2.92%, indicating the company is in the safe zone and there is no funny business with accruals.


Septeni Holdings Co Sloan Ratio % Historical Data

The historical data trend for Septeni Holdings 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.

* Premium members only.

Septeni Holdings Co Sloan Ratio % Chart

Septeni Holdings Co Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.79 -5.26 -0.21 -5.01 36.78

Septeni Holdings Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Mar24 Jun24
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 43.99 2.22 2.24 0.19 -2.92

Competitive Comparison of Septeni Holdings Co's Sloan Ratio %

For the Advertising Agencies subindustry, Septeni Holdings 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.


Septeni Holdings Co's Sloan Ratio % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Septeni Holdings Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Septeni Holdings Co's Sloan Ratio % falls into.



Septeni Holdings 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.

Septeni Holdings Co's Sloan Ratio for the fiscal year that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2022 )-Cash Flow from Operations (A: Sep. 2022 )
-Cash Flow from Investing (A: Sep. 2022 ))/Total Assets (A: Sep. 2022 )
=(40.015-25.473
--213.233)/619.266
=36.78%

Septeni Holdings Co's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2024 )
=(37.445-50.09
-5.262)/613.19
=-2.92%

Septeni Holdings Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 11.768 (Mar. 2023 ) + -0.882 (Jun. 2023 ) + 23.29 (Mar. 2024 ) + 3.269 (Jun. 2024 ) = $37.45 Mil.
Septeni Holdings Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 11.048 (Mar. 2023 ) + 3.433 (Jun. 2023 ) + 23.271 (Mar. 2024 ) + 12.338 (Jun. 2024 ) = $50.09 Mil.
Septeni Holdings Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 0.769 (Mar. 2023 ) + -4.589 (Jun. 2023 ) + 12.252 (Mar. 2024 ) + -3.17 (Jun. 2024 ) = $5.26 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.


Septeni Holdings Co  (OTCPK:SPIDY) 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 Jun. 2024, Septeni Holdings Co has a Sloan Ratio of -2.92%, indicating the company is in the safe zone and there is no funny business with accruals.


Septeni Holdings Co Sloan Ratio % Related Terms

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Septeni Holdings Co Business Description

Traded in Other Exchanges
Address
Nishi 8-chome 17th No. 1 Sumitomo Fudosan, Shinjuku Grand Tower 30 Floor, Shinjuku-ku, Yubinbango, Tokyo, JPN, 160-6130
Septeni Holdings Co Ltd is a Japanese Internet marketing company, providing marketing support services based primarily on Internet ads. Its business activities are divided into two segments including Internet marketing business and Media content business. The Internet marketing business segment includes a social media business that provides marketing services for customers on various global social media networks. The company's media content segment plans, develops and operates media and content specializing in Manga art for mobile phone advertisements. Septeni's primary revenue source geographically is Japan and it also operates subsidiaries in the United Kingdom, South Korea, and the United States.

Septeni Holdings Co Headlines

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