What is Wentel Engineering Holdings Bhd 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.
* 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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Wentel Engineering Holdings Bhd Sloan Ratio % Chart
Competitive Comparison of Wentel Engineering Holdings Bhd's Sloan Ratio %
For the Metal Fabrication subindustry, Wentel Engineering Holdings 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.
Wentel Engineering Holdings Bhd's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Wentel Engineering Holdings Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Wentel Engineering Holdings Bhd's Sloan Ratio % falls into.
Wentel Engineering Holdings 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.
Wentel Engineering Holdings Bhd's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 0.524 (Mar. 2024 ) + 4.464 (Jun. 2024 ) + 3.42 (Sep. 2024 ) + 6.619 (Dec. 2024 ) = RM15.0 Mil.
Wentel Engineering Holdings Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 5.792 (Mar. 2024 ) + -0.331 (Jun. 2024 ) + -4.06 (Sep. 2024 ) + 18.221 (Dec. 2024 ) = RM19.6 Mil.
Wentel Engineering Holdings Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -68.499 (Mar. 2024 ) + 72.299 (Jun. 2024 ) + -41.353 (Sep. 2024 ) + -0.694 (Dec. 2024 ) = RM-38.2 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.
Wentel Engineering Holdings Bhd (XKLS:0298) 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, Wentel Engineering Holdings Bhd has a Sloan Ratio of 15.72%, indicating there is a warning stage of accrual build up.
Wentel Engineering Holdings Bhd Sloan Ratio % Related Terms
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Wentel Engineering Holdings Bhd Business Description
Wentel Engineering Holdings Bhd is engaged in the fabrication of semifinished metal products, fabrication of metal parts, and assembly of finished products. Fabrication of semifinished metal products includes fabricate metal bodies and accessories to be used in security screening equipment and CNC machines. Fabrication of metal parts includes support blocks, brackets, panels, cover plates, cable covers, housings, channels, and tunnels and Assembly of finished products produces walk-through metal detectors used for security screening applications. Maximum revenue is generated from the fabrication of semifinished metal products.
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