What is Petrovietnam General Services 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 Jun. 2024, Petrovietnam General Services has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Petrovietnam General Services 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 Petrovietnam General Services's Sloan Ratio %
For the Oil & Gas Refining & Marketing subindustry, Petrovietnam General Services'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.
Petrovietnam General Services's Sloan Ratio % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petrovietnam General Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Petrovietnam General Services's Sloan Ratio % falls into.
Petrovietnam General Services 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.
Petrovietnam General Services's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 3761.211 (Jun. 2023 ) + 41562.563 (Sep. 2023 ) + 33528.879 (Dec. 2023 ) + 27954.532 (Jun. 2024 ) = ₫106,807 Mil.
Petrovietnam General Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 424547.538 (Jun. 2023 ) + -257345.656 (Sep. 2023 ) + -911755.291 (Dec. 2023 ) + 0 (Jun. 2024 ) = ₫-744,553 Mil.
Petrovietnam General Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -38460.471 (Jun. 2023 ) + 889491.615 (Sep. 2023 ) + 77832.663 (Dec. 2023 ) + 0 (Jun. 2024 ) = ₫928,864 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.
Petrovietnam General Services (STC:PET) 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 Jun. 2024, Petrovietnam General Services has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Petrovietnam General Services Sloan Ratio % Related Terms
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Petrovietnam General Services Business Description
Petrovietnam General Services Corp is engaged in the distribution of telecom, IT and electronic products, household goods, polypropylene plastic particle, polyester, and LPG. The company is also involved in catering services, supply chain services which include the supply of oilfield materials and equipment, heavy cargo transportation and lifting services, and logistics services, and property services focusing on real estate management, hotel service, and real estate development and investment.
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