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.
ABM Fujiya Bhd's Sloan Ratio for the quarter that ended in Dec. 2024 was 18.56%.
As of Dec. 2024, ABM Fujiya Bhd has a Sloan Ratio of 18.56%, indicating there is a warning stage of accrual build up.
ABM Fujiya Bhd Sloan Ratio % Historical Data
The historical data trend for ABM Fujiya 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 ABM Fujiya Bhd's Sloan Ratio %
For the Auto Parts subindustry, ABM Fujiya 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.
ABM Fujiya Bhd's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ABM Fujiya Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ABM Fujiya 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.
ABM Fujiya Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
ABM Fujiya Bhd's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -7.235 (Mar. 2024 ) + 0.098 (Jun. 2024 ) + -1.654 (Sep. 2024 ) + -3.909 (Dec. 2024 ) = RM-12.7 Mil.
ABM Fujiya Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -6.967 (Mar. 2024 ) + -6.063 (Jun. 2024 ) + -5.042 (Sep. 2024 ) + -51.531 (Dec. 2024 ) = RM-69.6 Mil.
ABM Fujiya Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -5.72 (Mar. 2024 ) + -12.08 (Jun. 2024 ) + -3.683 (Sep. 2024 ) + -16.34 (Dec. 2024 ) = RM-37.8 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.
ABM Fujiya Bhd (XKLS:5198) 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, ABM Fujiya Bhd has a Sloan Ratio of 18.56%, indicating there is a warning stage of accrual build up.
ABM Fujiya Bhd Sloan Ratio % Related Terms
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ABM Fujiya Bhd is engaged in investment holding activities. The company through its subsidiaries is involved in the manufacturing of automotive batteries and other batteries. In addition, it is also engaged in the dealing and retailing of automotive batteries and lubricants. The company is organized into two reportable segments, Manufacturing and Marketing. The manufacturing segment, which is the key revenue driver, includes the manufacturing and distribution of batteries, and the Marketing segment includes the marketing and retailing of batteries and lubricants. Its primary geographic markets are Malaysia, United Arab Emirates, Nigeria, Singapore, Australia, and others. Malaysia contributes to the majority of total revenue.
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