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.
Stormtec Co's Sloan Ratio for the quarter that ended in Dec. 2024 was 0.48%.
As of Dec. 2024, Stormtec Co has a Sloan Ratio of 0.48%, indicating the company is in the safe zone and there is no funny business with accruals.
Stormtec Co Sloan Ratio % Historical Data
The historical data trend for Stormtec Co'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 Stormtec Co's Sloan Ratio %
For the Pollution & Treatment Controls subindustry, Stormtec Co'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.
Stormtec Co's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Stormtec Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Stormtec Co'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.
Stormtec Co's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Stormtec Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 2523.682 (Mar. 2024 ) + 3923.324 (Jun. 2024 ) + 4337.483 (Sep. 2024 ) + 3569.608 (Dec. 2024 ) = ₩14,354 Mil.
Stormtec Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 1307.391 (Mar. 2024 ) + 2555.439 (Jun. 2024 ) + 5082.287 (Sep. 2024 ) + 5263.801 (Dec. 2024 ) = ₩14,209 Mil.
Stormtec Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -2335.253 (Mar. 2024 ) + -1292.987 (Jun. 2024 ) + 7633.198 (Sep. 2024 ) + -4454.747 (Dec. 2024 ) = ₩-450 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.
Stormtec Co (XKRX:352090) 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, Stormtec Co has a Sloan Ratio of 0.48%, indicating the company is in the safe zone and there is no funny business with accruals.
Stormtec Co Sloan Ratio % Related Terms
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Stormtec Co Ltd is a company that researches, develops, and manufactures liquid filters, including manufacturing and wholesale retail of household water purifier parts. The company is a connector that connects the pipes of water purifiers and drinking water machines, fittings used for water supply, drainage, and filter connections, valves that block water leaks in drinking water machines and control the flow path, and controls the water discharge from water purifiers and drinking water machines.
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