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.
Apex Healthcare Bhd's Sloan Ratio for the quarter that ended in Sep. 2024 was 10.38%.
As of Sep. 2024, Apex Healthcare Bhd has a Sloan Ratio of 10.38%, indicating there is a warning stage of accrual build up.
Apex Healthcare Bhd Sloan Ratio % Historical Data
The historical data trend for Apex Healthcare 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 Apex Healthcare Bhd's Sloan Ratio %
For the Medical Distribution subindustry, Apex Healthcare 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.
Apex Healthcare Bhd's Sloan Ratio % Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Apex Healthcare Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Apex Healthcare Bhd's Sloan Ratio % falls into.
Apex Healthcare 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.
Apex Healthcare Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Apex Healthcare Bhd's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 20.061 (Dec. 2023 ) + 21.209 (Mar. 2024 ) + 23.643 (Jun. 2024 ) + 18.231 (Sep. 2024 ) = RM83.1 Mil.
Apex Healthcare Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 16.238 (Dec. 2023 ) + 2.233 (Mar. 2024 ) + 5.313 (Jun. 2024 ) + 27.777 (Sep. 2024 ) = RM51.6 Mil.
Apex Healthcare Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -9.41 (Dec. 2023 ) + 0.807 (Mar. 2024 ) + -12.918 (Jun. 2024 ) + -53.152 (Sep. 2024 ) = RM-74.7 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.
Apex Healthcare Bhd (XKLS:7090) 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, Apex Healthcare Bhd has a Sloan Ratio of 10.38%, indicating there is a warning stage of accrual build up.
Apex Healthcare Bhd Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Apex Healthcare Bhd's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Apex Healthcare Bhd is an investment holding company for a group of companies engaged in the development, manufacturing, marketing, and distribution of pharmaceuticals, diagnostics, consumer healthcare products, and orthopedic devices. It has direct operations in Malaysia, Singapore and Others. The company has two manufacturing plants in Melaka and Penang. It has three segments: Manufacturing and marketing of pharmaceutical products; Wholesale and distribution of pharmaceutical and healthcare products; and Corporate comprising investments, properties, and others. It derives maximum revenue from Malaysia and also has a presence in Singapore and other couintries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:7090 has been successfully added to your 