Filtra Consultants and Engineers (BOM:539098) Sloan Ratio %

: 8.85% (As of Sep. 2023)

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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.

Filtra Consultants and Engineers's Sloan Ratio for the quarter that ended in Sep. 2023 was 8.85%.

As of Sep. 2023, Filtra Consultants and Engineers has a Sloan Ratio of 8.85%, indicating the company is in the safe zone and there is no funny business with accruals.

Filtra Consultants and Engineers Sloan Ratio % Historical Data

The historical data trend for Filtra Consultants and Engineers'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.

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Filtra Consultants and Engineers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Sloan Ratio %

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43.77

10.92

0.86

6.39

5.85

Filtra Consultants and Engineers Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial														9.74	6.39	-	5.85	8.85

Competitive Comparison

For the Pollution & Treatment Controls subindustry, Filtra Consultants and Engineers'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.

Filtra Consultants and Engineers Sloan Ratio % Distribution

For the Industrial Products industry and Industrials sector, Filtra Consultants and Engineers's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Filtra Consultants and Engineers's Sloan Ratio % falls into.

Filtra Consultants and Engineers 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.

Filtra Consultants and Engineers's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Mar. 2023 )	-	Cash Flow from Operations (A: Mar. 2023 )
	-	Cash Flow from Investing (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2023 )
	=	(34.432	-	32.423
	-	-17.351)	/	330.773
	=	5.85%

Filtra Consultants and Engineers's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(36.616	-	35.946
	-	-31.18)	/	359.951
	=	8.85%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Filtra Consultants and Engineers's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 16.062 (Mar. 2023 ) + 20.554 (Sep. 2023 ) = ₹36.6 Mil.
Filtra Consultants and Engineers's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 38.913 (Mar. 2023 ) + -2.967 (Sep. 2023 ) = ₹35.9 Mil.
Filtra Consultants and Engineers's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -15.629 (Mar. 2023 ) + -15.551 (Sep. 2023 ) = ₹-31.2 Mil.

Filtra Consultants and Engineers (BOM:539098) 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.

According to How to Beat the Market with the Sloan Ratio:

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. 2023, Filtra Consultants and Engineers has a Sloan Ratio of 8.85%, indicating the company is in the safe zone and there is no funny business with accruals.

Filtra Consultants and Engineers Sloan Ratio % Related Terms

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Filtra Consultants and Engineers (BOM:539098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Filtra Consultants and Engineers Ltd (BOM:539098) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

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Address

W-27, T Block, MIDC Bhosari, Haveli, Pune, MH, IND, 411 026

Website

https://www.filtra.in

Filtra consultants and engineers ltd is an India based company engaged in trading and manufacturing activity of water treatment system business such as membrane, multi port valve, cartridge, vessels, tank, pump, ph meter, orp meter, conductivity meter uv purifiers, high pressure pumps, pressure switch, level switch and such other items which used for the purpose of industrial water treatment plant. The company operates through its business in Mumbai, Pune, Nagpur, Indore and Ahmedabad.

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