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Gosa FOM a.d (XBEL:GFOM) Sloan Ratio % : -19.05% (As of Dec. 2023)


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What is Gosa FOM a.d 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.

Gosa FOM a.d's Sloan Ratio for the quarter that ended in Dec. 2023 was -19.05%.

As of Dec. 2023, Gosa FOM a.d has a Sloan Ratio of -19.05%, indicating there is a warning stage of accrual build up.


Gosa FOM a.d Sloan Ratio % Historical Data

The historical data trend for Gosa FOM a.d'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.

* Premium members only.

Gosa FOM a.d Sloan Ratio % Chart

Gosa FOM a.d Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.23 -3.11 -17.47 15.11 -19.05

Gosa FOM a.d Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - 15.11 -19.98 -19.05

Competitive Comparison of Gosa FOM a.d's Sloan Ratio %

For the Specialty Industrial Machinery subindustry, Gosa FOM a.d'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.


Gosa FOM a.d's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gosa FOM a.d's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Gosa FOM a.d's Sloan Ratio % falls into.



Gosa FOM a.d 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.

Gosa FOM a.d'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 )
=(207.428-2151.613
--35.112)/10022.188
=-19.05%

Gosa FOM a.d'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 )
=(207.428-2151.613
--35.112)/10022.188
=-19.05%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Gosa FOM a.d's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 49.99 (Jun. 2023 ) + 157.438 (Dec. 2023 ) = RSD207 Mil.
Gosa FOM a.d's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 2136.163 (Jun. 2023 ) + 15.45 (Dec. 2023 ) = RSD2,152 Mil.
Gosa FOM a.d's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -6.548 (Jun. 2023 ) + -28.564 (Dec. 2023 ) = RSD-35 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.


Gosa FOM a.d  (XBEL:GFOM) 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, Gosa FOM a.d has a Sloan Ratio of -19.05%, indicating there is a warning stage of accrual build up.


Gosa FOM a.d Sloan Ratio % Related Terms

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Gosa FOM a.d (XBEL:GFOM) Business Description

Traded in Other Exchanges
N/A
Address
Industrial 70, Smederevo Palanka, SRB
Gosa FOM a.d is a manufacturer of Lifting and Handling equipment. The company is engaged in the development, design, manufacture, erection, and services of machines and equipment. It serves energy, metallurgy and mining industry. The company produces coke mining, metallurgy, and hydro-mechanical equipment, cranes and hoists, gearboxes, steel structures and bridges, civil steel structures and vessels under pressure.

Gosa FOM a.d (XBEL:GFOM) Headlines

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