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.
KSL Holdings Bhd's Sloan Ratio for the quarter that ended in Sep. 2024 was 16.00%.
As of Sep. 2024, KSL Holdings Bhd has a Sloan Ratio of 16.00%, indicating there is a warning stage of accrual build up.
KSL Holdings Bhd Sloan Ratio % Historical Data
The historical data trend for KSL Holdings 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 KSL Holdings Bhd's Sloan Ratio %
For the Real Estate - Development subindustry, KSL 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.
KSL Holdings Bhd's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, KSL Holdings Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where KSL Holdings Bhd's Sloan Ratio % falls into.
KSL 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.
KSL Holdings Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
KSL Holdings Bhd's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 131.821 (Dec. 2023 ) + 101.002 (Mar. 2024 ) + 114.65 (Jun. 2024 ) + 101.181 (Sep. 2024 ) = RM449 Mil.
KSL Holdings Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 16.783 (Dec. 2023 ) + -127.465 (Mar. 2024 ) + 105.059 (Jun. 2024 ) + 55.867 (Sep. 2024 ) = RM50 Mil.
KSL Holdings Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -1.202 (Dec. 2023 ) + 21.839 (Mar. 2024 ) + -176.408 (Jun. 2024 ) + -196.913 (Sep. 2024 ) = RM-353 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.
KSL Holdings Bhd (XKLS:5038) 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, KSL Holdings Bhd has a Sloan Ratio of 16.00%, indicating there is a warning stage of accrual build up.
KSL Holdings Bhd Sloan Ratio % Related Terms
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KSL Holdings Bhd is a holding company. It is engaged in real estate services. The company has four reportable segments Property development, Property investment, Investment holding, and Car park operation. Property development includes the development of residential and commercial properties; Property investment includes an investment of real properties and hotels; Investment holding includes the provision of management services to the subsidiaries, and Car park operation includes car park management services. KSL derives the majority of its revenue from Property development.
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