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.
Sarawak Cable Bhd's Sloan Ratio for the quarter that ended in Nov. 2024 was 0.00%.
As of Nov. 2024, Sarawak Cable Bhd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Sarawak Cable Bhd Sloan Ratio % Historical Data
The historical data trend for Sarawak Cable 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 Sarawak Cable Bhd's Sloan Ratio %
For the Electrical Equipment & Parts subindustry, Sarawak Cable 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.
Sarawak Cable Bhd's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sarawak Cable Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sarawak Cable Bhd's Sloan Ratio % falls into.
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.
Sarawak Cable Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as
Sarawak Cable Bhd's Net Income for the trailing twelve months (TTM) ended in Nov. 2024 was -35.82 (Nov. 2023 ) + -21.042 (Feb. 2024 ) + -4.816 (Aug. 2024 ) + -12.968 (Nov. 2024 ) = RM-74.65 Mil.
Sarawak Cable Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2024 was -0.212 (Nov. 2023 ) + -16.854 (Feb. 2024 ) + 0 (Aug. 2024 ) + 0 (Nov. 2024 ) = RM-17.07 Mil.
Sarawak Cable Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2024 was 3.662 (Nov. 2023 ) + 23.697 (Feb. 2024 ) + 0 (Aug. 2024 ) + 0 (Nov. 2024 ) = RM27.36 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.
Sarawak Cable Bhd (XKLS:5170) 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 Nov. 2024, Sarawak Cable Bhd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Sarawak Cable Bhd Sloan Ratio % Related Terms
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Sarawak Cable Bhd is a Malaysian based company. Together with its subsidiaries, the company manufactures cables and wires. It operates in four segments: The Sale of power cables and conductors segment supplies power cables and conductors components, Sale of galvanized steel products, and steel structures segment supplies galvanized steel products and steel structures and galvanizing services. The transmission lines construction segment involves supply, installation, and commissioning of transmission line projects. And the corporate segment is involved in Group-level corporate and management services. The Sale of power cables and conductors segment is the key revenue generator for the group.
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