PT Bank Tabungan Negara (Persero) Tbk (STU:TA2) Sloan Ratio % : 2.33% (As of Mar. 2024)

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What is PT Bank Tabungan Negara (Persero) Tbk 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.

PT Bank Tabungan Negara (Persero) Tbk's Sloan Ratio for the quarter that ended in Mar. 2024 was 2.33%.

As of Mar. 2024, PT Bank Tabungan Negara (Persero) Tbk has a Sloan Ratio of 2.33%, indicating the company is in the safe zone and there is no funny business with accruals.

PT Bank Tabungan Negara (Persero) Tbk Sloan Ratio % Historical Data

The historical data trend for PT Bank Tabungan Negara (Persero) Tbk'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.

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PT Bank Tabungan Negara (Persero) Tbk Sloan Ratio % Chart

PT Bank Tabungan Negara (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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7.09

-0.37

-2.96

1.04

0.30

PT Bank Tabungan Negara (Persero) Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-1.17	1.53	1.29	0.39	2.33

Competitive Comparison of PT Bank Tabungan Negara (Persero) Tbk's Sloan Ratio %

For the Banks - Regional subindustry, PT Bank Tabungan Negara (Persero) Tbk'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.

PT Bank Tabungan Negara (Persero) Tbk's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Tabungan Negara (Persero) Tbk's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where PT Bank Tabungan Negara (Persero) Tbk's Sloan Ratio % falls into.

PT Bank Tabungan Negara (Persero) Tbk 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.

PT Bank Tabungan Negara (Persero) Tbk'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 )
	=	(208.252	-	394.636
	-	-264.061)	/	26098.437
	=	0.30%

PT Bank Tabungan Negara (Persero) Tbk's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(213.813	-	-34.905
	-	-379.887)	/	27006.686
	=	2.33%

PT Bank Tabungan Negara (Persero) Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 41.37 (Jun. 2023 ) + 50.594 (Sep. 2023 ) + 70.682 (Dec. 2023 ) + 51.167 (Mar. 2024 ) = €213.8 Mil.
PT Bank Tabungan Negara (Persero) Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -544.862 (Jun. 2023 ) + 268.792 (Sep. 2023 ) + 1015.739 (Dec. 2023 ) + -774.574 (Mar. 2024 ) = €-34.9 Mil.
PT Bank Tabungan Negara (Persero) Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 94.916 (Jun. 2023 ) + -37.351 (Sep. 2023 ) + -434.11 (Dec. 2023 ) + -3.342 (Mar. 2024 ) = €-379.9 Mil.

PT Bank Tabungan Negara (Persero) Tbk (STU:TA2) 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 Mar. 2024, PT Bank Tabungan Negara (Persero) Tbk has a Sloan Ratio of 2.33%, indicating the company is in the safe zone and there is no funny business with accruals.

PT Bank Tabungan Negara (Persero) Tbk Sloan Ratio % Related Terms

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PT Bank Tabungan Negara (Persero) Tbk (STU:TA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PT Bank Tabungan Negara (Persero) Tbk (STU:TA2) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

BBTN:Indonesia

Address

Jalan Gajah Mada No. 1, Menara Bank BTN, Jakarta, IDN, 10130

Website

https://www.btn.co.id

PT Bank Tabungan Negara (Persero) Tbk is principally engaged in providing commercial banking services. The products offered by bank include Fund products like Fixsd deposit account, savings account an clearing account, credit products like Consumer loan and commercial loan. The services provided include Money Changer, Payment point, Safe deposit box and Real Time Gross settlement among others. It also provides syariah services through its Syariah Business units. Its business segments consist of Conventional Banking and Sharia Banking.

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