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.
E I D Parry India's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.
As of Dec. 2023, E I D Parry India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
E I D Parry India Sloan Ratio % Historical Data
The historical data trend for E I D Parry India'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 E I D Parry India's Sloan Ratio %
For the Agricultural Inputs subindustry, E I D Parry India'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.
E I D Parry India's Sloan Ratio % Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, E I D Parry India's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where E I D Parry India's Sloan Ratio % falls into.
E I D Parry India 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.
E I D Parry India's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as
E I D Parry India's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 1789.5 (Mar. 2023 ) + 1088.6 (Jun. 2023 ) + 4522.7 (Sep. 2023 ) + 1182.3 (Dec. 2023 ) = ₹8,583 Mil.
E I D Parry India's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = ₹0 Mil.
E I D Parry India's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = ₹0 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.
E I D Parry India (BOM:500125) 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. 2023, E I D Parry India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
E I D Parry India Sloan Ratio % Related Terms
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E I D Parry India (BOM:500125) Business Description
E I D Parry India Ltd is a sugar producer headquartered in India. The company operates through four operating segments: sugar, cogeneration, distillery, and nutraceuticals. The sugar business produces sugar from the crushing of sugarcane and generates the most revenue for the company. The co-generation business produces bagasse, a byproduct of sugarcane, which is used in generating power. The distillery segment produces ethanol from molasses, a byproduct of sugarcane, which is then blended with gasoline for powering vehicles. The nutraceuticals unit produces organic products that target the human health and wellness market. The company has operations that span North America, Europe, India, and other regions of the world, with India being the region where it generates most of its sales.
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