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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.
Donbasenergo PJSC's Sloan Ratio for the quarter that ended in Sep. 2021 was -8.59%.
As of Sep. 2021, Donbasenergo PJSC has a Sloan Ratio of -8.59%, indicating the company is in the safe zone and there is no funny business with accruals.
Donbasenergo PJSC (UKEX:DOEN) 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 Sep. 2021, Donbasenergo PJSC has a Sloan Ratio of -8.59%, indicating the company is in the safe zone and there is no funny business with accruals.
Donbasenergo PJSC Sloan Ratio % Related Terms
Donbasenergo PJSC Sloan Ratio % Historical Data
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The historical data trend for Donbasenergo PJSC'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.
Donbasenergo PJSC Sloan Ratio % Competitor Comparison
For the Utilities - Regulated Electric subindustry, Donbasenergo PJSC'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.
Donbasenergo PJSC Sloan Ratio % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Donbasenergo PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Donbasenergo PJSC's Sloan Ratio % falls into.
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.
Donbasenergo PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as
Donbasenergo PJSC's Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was 27.697 (Dec. 2020 ) + -294.994 (Mar. 2021 ) + 68.919 (Jun. 2021 ) + -254.962 (Sep. 2021 ) = ₴-453 Mil.
Donbasenergo PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2021 was 140.365 (Dec. 2020 ) + -58.037 (Mar. 2021 ) + 25.686 (Jun. 2021 ) + -25.09 (Sep. 2021 ) = ₴83 Mil.
Donbasenergo PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2021 was -48.58 (Dec. 2020 ) + -17.685 (Mar. 2021 ) + -28.614 (Jun. 2021 ) + -8.728 (Sep. 2021 ) = ₴-104 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.
Donbasenergo PJSC (UKEX:DOEN) has a Sloan Ratio % of -8.59% as of Sep. 2021. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Donbasenergo PJSC and its competitors.
Is Donbasenergo PJSC's Sloan Ratio % too high?
Donbasenergo PJSC's current Sloan Ratio % is -8.59%. Overall, Donbasenergo PJSC has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Donbasenergo PJSC's Sloan Ratio % compare to competitors?
Donbasenergo PJSC's Sloan Ratio % of -8.59% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Utilities - Regulated company?
A good Sloan Ratio % depends on the Utilities - Regulated industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Donbasenergo PJSC and its competitors. Donbasenergo PJSC's current Sloan Ratio % is -8.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donbasenergo PJSC stock overvalued right now?
Donbasenergo PJSC (UKEX:DOEN) has a current Sloan Ratio % of -8.59%. The current Sloan Ratio % is -8.59%. Donbasenergo PJSC's overall GF Score™ is 56/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Donbasenergo PJSC (UKEX:DOEN), the current Sloan Ratio % is -8.59% as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Donbasenergo PJSC is an energy generating company. Its activities also include the repair and commissioning of thermo mechanical electrical equipment, the manufacture of spare parts, and survey works.
56GF Score
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