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.
Teck Guan Perdana Bhd's Sloan Ratio for the quarter that ended in Oct. 2023 was 12.47%.
As of Oct. 2023, Teck Guan Perdana Bhd has a Sloan Ratio of 12.47%, indicating there is a warning stage of accrual build up.
Teck Guan Perdana Bhd Sloan Ratio % Historical Data
The historical data trend for Teck Guan Perdana 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 Teck Guan Perdana Bhd's Sloan Ratio %
For the Packaged Foods subindustry, Teck Guan Perdana 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.
Teck Guan Perdana Bhd's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Teck Guan Perdana Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Teck Guan Perdana Bhd's Sloan Ratio % falls into.
Teck Guan Perdana 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.
Teck Guan Perdana Bhd's Sloan Ratio for the fiscal year that ended in Jan. 2023 is calculated as
Teck Guan Perdana Bhd's Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was -5.021 (Jan. 2023 ) + 2.099 (Apr. 2023 ) + 2.602 (Jul. 2023 ) + 3.641 (Oct. 2023 ) = RM3.3 Mil.
Teck Guan Perdana Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2023 was 18.841 (Jan. 2023 ) + -43.129 (Apr. 2023 ) + 37.029 (Jul. 2023 ) + -28.715 (Oct. 2023 ) = RM-16.0 Mil.
Teck Guan Perdana Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Oct. 2023 was 0.695 (Jan. 2023 ) + -0.537 (Apr. 2023 ) + -0.879 (Jul. 2023 ) + -1.087 (Oct. 2023 ) = RM-1.8 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.
Teck Guan Perdana Bhd (XKLS:7439) 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 Oct. 2023, Teck Guan Perdana Bhd has a Sloan Ratio of 12.47%, indicating there is a warning stage of accrual build up.
Teck Guan Perdana Bhd Sloan Ratio % Related Terms
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Teck Guan Perdana Bhd (XKLS:7439) Business Description
Teck Guan Perdana Bhd is engaged in the production of palm oil and cocoa. The company's business activities include the sale of plantation produce, crude palm kernel oil, palm kernel expeller, trading of palm oil-related products, the sale of cocoa products, and dried cocoa beans. It sells its products to international buyers which include Nestle, Cadbury, M&M Mars, Gerkens, and EDF & Man. Its segments include Cocoa products which processes, and sells cocoa butter, cocoa powder and other cocoa products, and the export of trading produce; Oil palm products which derive the majority revenue operate oil palm plantations, the operation of kernel crushing plant; and the Corporate segment that includes group-level corporate service and treasury functions.
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