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.
As of Dec. 2023, Inch Kenneth Kajang Rubber has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Inch Kenneth Kajang Rubber Sloan Ratio % Historical Data
* 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 Inch Kenneth Kajang Rubber's Sloan Ratio %
For the Resorts & Casinos subindustry, Inch Kenneth Kajang Rubber'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.
Inch Kenneth Kajang Rubber's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Inch Kenneth Kajang Rubber's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Inch Kenneth Kajang Rubber's Sloan Ratio % falls into.
Inch Kenneth Kajang Rubber 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.
Inch Kenneth Kajang Rubber's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -5.026 (Dec. 2022 ) + -2.597 (Mar. 2023 ) + 0.537 (Sep. 2023 ) + -2.895 (Dec. 2023 ) = RM-9.98 Mil.
Inch Kenneth Kajang Rubber's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 2.202 (Dec. 2022 ) + -2.722 (Mar. 2023 ) + 0 (Sep. 2023 ) + -0.941 (Dec. 2023 ) = RM-1.46 Mil.
Inch Kenneth Kajang Rubber's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -4.149 (Dec. 2022 ) + 0.538 (Mar. 2023 ) + 0 (Sep. 2023 ) + -1.197 (Dec. 2023 ) = RM-4.81 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.
Inch Kenneth Kajang Rubber (XKLS:2607) 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. 2023, Inch Kenneth Kajang Rubber has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Inch Kenneth Kajang Rubber Sloan Ratio % Related Terms
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Inch Kenneth Kajang Rubber (XKLS:2607) Business Description
Inch Kenneth Kajang Rubber PLC operates as an investment holding company. It has five segments. Plantations segment include the sale of fresh fruit bunches; the Manufacturing segment includes producing constant viscosity rubber blocks; Tourism segment includes the operation of two tourist resorts, sale of rooms and sale of food and beverages; Property development segment includes development and sale of land and properties and leasing of buildings, and Others include trading of building materials and investment holding of equity interests in quoted shares. The company earns the majority of its revenues from the Manufacturing segment. It operates in Malaysia and Thailand.
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