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.
M+S Hidravlik AD's Sloan Ratio for the quarter that ended in Dec. 2024 was -1.64%.
As of Dec. 2024, M+S Hidravlik AD has a Sloan Ratio of -1.64%, indicating the company is in the safe zone and there is no funny business with accruals.
M+S Hidravlik AD Sloan Ratio % Historical Data
The historical data trend for M+S Hidravlik AD'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.
Competitive Comparison of M+S Hidravlik AD's Sloan Ratio %
For the Specialty Industrial Machinery subindustry, M+S Hidravlik AD'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.
M+S Hidravlik AD's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, M+S Hidravlik AD's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where M+S Hidravlik AD'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.
M+S Hidravlik AD's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
M+S Hidravlik AD's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 4.933 (Mar. 2024 ) + 1.048 (Jun. 2024 ) + 2.424 (Sep. 2024 ) + 0.639 (Dec. 2024 ) = лв9.0 Mil.
M+S Hidravlik AD's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 10.623 (Mar. 2024 ) + 3.557 (Jun. 2024 ) + 12.686 (Sep. 2024 ) + 4.549 (Dec. 2024 ) = лв31.4 Mil.
M+S Hidravlik AD's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -6.965 (Mar. 2024 ) + -3.349 (Jun. 2024 ) + -1.889 (Sep. 2024 ) + -7.686 (Dec. 2024 ) = лв-19.9 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.
M+S Hidravlik AD (XBUL:MSH) 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 Dec. 2024, M+S Hidravlik AD has a Sloan Ratio of -1.64%, indicating the company is in the safe zone and there is no funny business with accruals.
M+S Hidravlik AD Sloan Ratio % Related Terms
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M+S Hidravlik AD is a Bulgaria-based company that is principally engaged in the industrial equipment industry. It distributes and repairs hydraulic motors, steering units, valves, brakes, and accessories. The company's product range includes hydraulic motors, hydraulic disc brakes, crossover, switch and relief valves for hydraulic motors, as well as hydrostatic steering units and accessories for steering units.
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