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Maruka Furusato (TSE:7128) Sloan Ratio % : 0.00% (As of Dec. 2024)


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What is Maruka Furusato 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.

Maruka Furusato's Sloan Ratio for the quarter that ended in Dec. 2024 was 0.00%.

As of Dec. 2024, Maruka Furusato has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Maruka Furusato Sloan Ratio % Historical Data

The historical data trend for Maruka Furusato'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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Maruka Furusato Sloan Ratio % Chart

Maruka Furusato Annual Data
Trend Dec21 Dec22 Dec23
Sloan Ratio %
- 2.46 2.77

Maruka Furusato Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Maruka Furusato's Sloan Ratio %

For the Industrial Distribution subindustry, Maruka Furusato'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.


Maruka Furusato's Sloan Ratio % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Maruka Furusato's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Maruka Furusato's Sloan Ratio % falls into.


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Maruka Furusato 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.

Maruka Furusato'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 )
=(4698-6031
--4670)/120342
=2.77%

Maruka Furusato's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2024 )
=(4613-0
-0)/120821
=3.82%

Maruka Furusato's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 698 (Mar. 2024 ) + 2164 (Jun. 2024 ) + 1086 (Sep. 2024 ) + 665 (Dec. 2024 ) = 円4,613 Mil.
Maruka Furusato's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) + 0 (Dec. 2024 ) = 円0 Mil.
Maruka Furusato's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) + 0 (Dec. 2024 ) = 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.


Maruka Furusato  (TSE:7128) 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. 2024, Maruka Furusato has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Maruka Furusato Sloan Ratio % Related Terms

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Maruka Furusato Business Description

Traded in Other Exchanges
N/A
Address
1-2-10, Minamishin-machi, Chuo-ku, Osaka, JPN, 540-0024
Website
Maruka Furusato Corp along with its subsidiaries is engaged in business of sales of machinery, sales of tools, sales of peripherals, rental of equipment and other related services.

Maruka Furusato Headlines

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