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Rheon Automatic Machinery Co (TSE:6272) Sloan Ratio % : 0.00% (As of Dec. 2023)


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What is Rheon Automatic Machinery 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.

Rheon Automatic Machinery Co's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, Rheon Automatic Machinery Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Rheon Automatic Machinery Co Sloan Ratio % Historical Data

The historical data trend for Rheon Automatic Machinery 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.

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Rheon Automatic Machinery Co Sloan Ratio % Chart

Rheon Automatic Machinery Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.54 -1.56 -3.86 1.89 1.21

Rheon Automatic Machinery Co 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 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 - - - - -

Competitive Comparison of Rheon Automatic Machinery Co's Sloan Ratio %

For the Specialty Industrial Machinery subindustry, Rheon Automatic Machinery 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.


Rheon Automatic Machinery Co's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rheon Automatic Machinery Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Rheon Automatic Machinery Co's Sloan Ratio % falls into.



Rheon Automatic Machinery 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.

Rheon Automatic Machinery Co's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2024 )-Cash Flow from Operations (A: Mar. 2024 )
-Cash Flow from Investing (A: Mar. 2024 ))/Total Assets (A: Mar. 2024 )
=(3675.171-4591.144
--1456.469)/44574.82
=1.21%

Rheon Automatic Machinery Co's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(3740.984-0
-0)/43405.519
=8.62%

Rheon Automatic Machinery Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 899.42 (Mar. 2023 ) + 576.474 (Jun. 2023 ) + 1303.592 (Sep. 2023 ) + 961.498 (Dec. 2023 ) = 円3,741 Mil.
Rheon Automatic Machinery Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = 円0 Mil.
Rheon Automatic Machinery Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = 円0 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.


Rheon Automatic Machinery Co  (TSE:6272) 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 Dec. 2023, Rheon Automatic Machinery Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Rheon Automatic Machinery Co Sloan Ratio % Related Terms

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Rheon Automatic Machinery Co (TSE:6272) Business Description

Traded in Other Exchanges
N/A
Address
1-12-5 Higashi Azabu, Minato-ku, Tokyo, JPN, 320-0071
Rheon Automatic Machinery Co Ltd is a Japanese company engaged in developing, manufacturing and supplying a wide range of food processing machines, and factory systems. It develops fully automated croissant production line and automatic filled product machine. The entity sells its products in Japan, and also exports it to other countries. It offers products like encrusting machines and bread production line. The encrusting machines produce confectionery, bread and prepared products, whereas the products produced by bread production line are croissant, Danish pastry, puff pastry, loaf bread, and pizza, among other products. The equipment portfolio of the company includes equipment for encrusting, bread production, cornucopia, meat processing, pizza production, robot arm, and others.

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