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.
Propel Global Bhd's Sloan Ratio for the quarter that ended in Sep. 2024 was 8.93%.
As of Sep. 2024, Propel Global Bhd has a Sloan Ratio of 8.93%, indicating the company is in the safe zone and there is no funny business with accruals.
Propel Global Bhd Sloan Ratio % Historical Data
The historical data trend for Propel Global Bhd'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 Propel Global Bhd's Sloan Ratio %
For the Engineering & Construction subindustry, Propel Global Bhd'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.
Propel Global Bhd's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Propel Global Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Propel Global Bhd's Sloan Ratio % falls into.
Propel Global Bhd 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.
Propel Global Bhd's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
Propel Global Bhd's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 0.676 (Dec. 2023 ) + -2.829 (Mar. 2024 ) + 7.834 (Jun. 2024 ) + -4.516 (Sep. 2024 ) = RM1.2 Mil.
Propel Global Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 16.72 (Dec. 2023 ) + -4.103 (Mar. 2024 ) + -6.896 (Jun. 2024 ) + -19.397 (Sep. 2024 ) = RM-13.7 Mil.
Propel Global Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -28.464 (Dec. 2023 ) + 12.311 (Mar. 2024 ) + 4.284 (Jun. 2024 ) + 10.451 (Sep. 2024 ) = RM-1.4 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.
Propel Global Bhd (XKLS:0091) 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. 2024, Propel Global Bhd has a Sloan Ratio of 8.93%, indicating the company is in the safe zone and there is no funny business with accruals.
Propel Global Bhd Sloan Ratio % Related Terms
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Propel Global Bhd is a investment holding company. It is engaged in business segments Oil & Gas, Technical Services, Information and Communication Technologies (ICT) and Others. It derives key revenue from the Technical Services segment which provides services in industrial, commercial, residential construction and office maintenance. Oil & Gas segment involves Supply of speciality chemicals, catalysts, heavy machineries and related services, maintenance services for ventilation system specialised oilfield services in pipe recovery and other services. Information and Communication Technologies segment provides of ICT services and trading in ICT hardware, software and spare parts. Other segment involves Investment holding. Geographically it operates in Malaysia and Other countries.
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