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.
NTPM Holdings Bhd's Sloan Ratio for the quarter that ended in Jul. 2024 was -5.31%.
As of Jul. 2024, NTPM Holdings Bhd has a Sloan Ratio of -5.31%, indicating the company is in the safe zone and there is no funny business with accruals.
NTPM Holdings Bhd Sloan Ratio % Historical Data
The historical data trend for NTPM 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 NTPM Holdings Bhd's Sloan Ratio %
For the Household & Personal Products subindustry, NTPM 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.
NTPM Holdings Bhd's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, NTPM Holdings Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NTPM Holdings Bhd's Sloan Ratio % falls into.
NTPM 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.
NTPM Holdings Bhd's Sloan Ratio for the fiscal year that ended in Apr. 2024 is calculated as
NTPM Holdings Bhd's Net Income for the trailing twelve months (TTM) ended in Jul. 2024 was -4.033 (Oct. 2023 ) + 6.303 (Jan. 2024 ) + -10.328 (Apr. 2024 ) + 2.61 (Jul. 2024 ) = RM-5.4 Mil.
NTPM Holdings Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2024 was 30.369 (Oct. 2023 ) + 29.771 (Jan. 2024 ) + 54.653 (Apr. 2024 ) + -37.871 (Jul. 2024 ) = RM76.9 Mil.
NTPM Holdings Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jul. 2024 was -5.508 (Oct. 2023 ) + -2.88 (Jan. 2024 ) + -13.482 (Apr. 2024 ) + -5.731 (Jul. 2024 ) = RM-27.6 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.
NTPM Holdings Bhd (XKLS:5066) 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 Jul. 2024, NTPM Holdings Bhd has a Sloan Ratio of -5.31%, indicating the company is in the safe zone and there is no funny business with accruals.
NTPM Holdings Bhd Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of NTPM Holdings Bhd's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
NTPM Holdings Bhd is a consumer goods and paper company in Malaysia. Through its subsidiaries, it operates in two segments, Tissue Paper segment, and Personal Care segment. The tissue paper segment consists of facial tissue, toilet paper, kitchen towel rolls, and napkins. These products are sold under brands such as Premier, Royal Gold, Cutie, Soft Baby Wipes and Sanitizing Wipes. The personal care segment consists of feminine hygienic products, cotton products, baby diapers, and incontinent products. These products are sold under brands such as Intimate, Diapex, and Premier Cotton. The company generates most of its revenue from the Tissue Paper segment. Geographically the company has a presence in Malaysia, Singapore, Thailand, Vietnam, and Others, the majority is generated from Malaysia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:5066 has been successfully added to your 