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MBM Resources Bhd (XKLS:5983) Sloan Ratio % : 3.87% (As of Mar. 2024)


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What is MBM Resources Bhd Sloan Ratio %?

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.

MBM Resources Bhd's Sloan Ratio for the quarter that ended in Mar. 2024 was 3.87%.

As of Mar. 2024, MBM Resources Bhd has a Sloan Ratio of 3.87%, indicating the company is in the safe zone and there is no funny business with accruals.


MBM Resources Bhd Sloan Ratio % Historical Data

The historical data trend for MBM Resources 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.

* Premium members only.

MBM Resources Bhd Sloan Ratio % Chart

MBM Resources Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.90 1.28 4.11 2.38 5.64

MBM Resources Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.33 0.67 4.66 5.64 3.87

Competitive Comparison of MBM Resources Bhd's Sloan Ratio %

For the Auto & Truck Dealerships subindustry, MBM Resources 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.


MBM Resources Bhd's Sloan Ratio % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MBM Resources Bhd's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where MBM Resources Bhd's Sloan Ratio % falls into.



MBM Resources 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.

MBM Resources Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(331.228--0.979
-185.789)/2596.285
=5.64%

MBM Resources Bhd's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2024 )
=(331.516-43.455
-184.138)/2686.012
=3.87%

MBM Resources Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 51.927 (Jun. 2023 ) + 104.757 (Sep. 2023 ) + 94.588 (Dec. 2023 ) + 80.244 (Mar. 2024 ) = RM332 Mil.
MBM Resources Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 8.837 (Jun. 2023 ) + -21.304 (Sep. 2023 ) + 17.895 (Dec. 2023 ) + 38.027 (Mar. 2024 ) = RM43 Mil.
MBM Resources Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 88.782 (Jun. 2023 ) + 55.911 (Sep. 2023 ) + 41.297 (Dec. 2023 ) + -1.852 (Mar. 2024 ) = RM184 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.


MBM Resources Bhd  (XKLS:5983) 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.

According to How to Beat the Market with the Sloan Ratio:

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 Mar. 2024, MBM Resources Bhd has a Sloan Ratio of 3.87%, indicating the company is in the safe zone and there is no funny business with accruals.


MBM Resources Bhd Sloan Ratio % Related Terms

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MBM Resources Bhd (XKLS:5983) Business Description

Traded in Other Exchanges
N/A
Address
23-01, Level 23, Menara MBMR, 1 Jalan Syed Putra, Kuala Lumpur, MYS, 58000
MBM Resources Bhd is a Malaysian company that is in the business of motor trading and manufacturing auto parts. It has Motor trading, Auto parts manufacturing, and Other segments. The motor trading segment covers the marketing and distribution of motor vehicles, spare parts, and the provision of related services. Auto parts segment comprises manufacturing of automotive parts and components, steel and alloy wheels and discs, noise, vibration, and harshness products, and provision of tyre assembly services. The motor trading segment generates majority of the revenues for the company.

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