What is YTL Power International 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.
As of Sep. 2024, YTL Power International Bhd has a Sloan Ratio of 5.45%, indicating the company is in the safe zone and there is no funny business with accruals.
YTL Power International Bhd Sloan Ratio % Historical Data
* 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 YTL Power International Bhd's Sloan Ratio %
For the Utilities - Diversified subindustry, YTL Power International 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.
YTL Power International Bhd's Sloan Ratio % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, YTL Power International Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where YTL Power International Bhd's Sloan Ratio % falls into.
YTL Power International 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.
YTL Power International Bhd's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 845.119 (Dec. 2023 ) + 698.689 (Mar. 2024 ) + 1011.675 (Jun. 2024 ) + 470.598 (Sep. 2024 ) = RM3,026 Mil.
YTL Power International Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 1069.216 (Dec. 2023 ) + 921.385 (Mar. 2024 ) + 1240.325 (Jun. 2024 ) + 1035.106 (Sep. 2024 ) = RM4,266 Mil.
YTL Power International Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -561.42 (Dec. 2023 ) + -1107.136 (Mar. 2024 ) + -1012.232 (Jun. 2024 ) + -2043.635 (Sep. 2024 ) = RM-4,724 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.
YTL Power International Bhd (XKLS:6742) 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, YTL Power International Bhd has a Sloan Ratio of 5.45%, indicating the company is in the safe zone and there is no funny business with accruals.
YTL Power International Bhd Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of YTL Power International Bhd's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
YTL Power International Bhd is principally an electric utility company that generates and transmits electrical power throughout Southeast Asia. YTL Power produces energy through its subsidiary utilities companies that, collectively, operate a portfolio of combined-cycle, gas-fired, steam, and co-generation power plants. Its business segments include Power Generation, Water & Sewage, Telecommunications and Investment Holding Activities. It derives maximum revenue from Power Generation Segment.
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