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Pan Pacific International Holdings (Pan Pacific International Holdings) Sloan Ratio % : 0.72% (As of Dec. 2023)


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What is Pan Pacific International Holdings Sloan Ratio %?

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.

Pan Pacific International Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.72%.

As of Dec. 2023, Pan Pacific International Holdings has a Sloan Ratio of 0.72%, indicating the company is in the safe zone and there is no funny business with accruals.


Pan Pacific International Holdings Sloan Ratio % Historical Data

The historical data trend for Pan Pacific International Holdings'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.

* Premium members only.

Pan Pacific International Holdings Sloan Ratio % Chart

Pan Pacific International Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.39 1.41 3.85 0.83 -0.66

Pan Pacific International Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.18 -0.31 -0.75 -2.39 0.72

Competitive Comparison of Pan Pacific International Holdings's Sloan Ratio %

For the Discount Stores subindustry, Pan Pacific International Holdings'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.


Pan Pacific International Holdings's Sloan Ratio % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Pan Pacific International Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Pan Pacific International Holdings's Sloan Ratio % falls into.



Pan Pacific International Holdings 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.

Pan Pacific International Holdings's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Sloan Ratio=(Net Income (A: Jun. 2023 )-Cash Flow from Operations (A: Jun. 2023 )
-Cash Flow from Investing (A: Jun. 2023 ))/Total Assets (A: Jun. 2023 )
=(468.081-975.926
--438.581)/10477.348
=-0.66%

Pan Pacific International Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(544.299-948.331
--479.22)/10408.337
=0.72%

Pan Pacific International Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 110.067 (Mar. 2023 ) + 103.836 (Jun. 2023 ) + 166.451 (Sep. 2023 ) + 163.945 (Dec. 2023 ) = $544 Mil.
Pan Pacific International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 5.162 (Mar. 2023 ) + 241.168 (Jun. 2023 ) + 277.426 (Sep. 2023 ) + 424.575 (Dec. 2023 ) = $948 Mil.
Pan Pacific International Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -100.296 (Mar. 2023 ) + -77.852 (Jun. 2023 ) + -116.257 (Sep. 2023 ) + -184.815 (Dec. 2023 ) = $-479 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.


Pan Pacific International Holdings  (OTCPK:DQJCY) 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 Dec. 2023, Pan Pacific International Holdings has a Sloan Ratio of 0.72%, indicating the company is in the safe zone and there is no funny business with accruals.


Pan Pacific International Holdings Sloan Ratio % Related Terms

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Pan Pacific International Holdings (Pan Pacific International Holdings) Business Description

Traded in Other Exchanges
Address
2-19-10 Aobadai, Meguro-ku, Tokyo, JPN, 153-0042
PPIH is a leading operator of discount stores and general merchandise stores primarily in Japan, operating 617 stores as of mid-2023 nationally. It offers a wide range of products from packaged food, cosmetics, and household products to consumer electronics. The primary store formats include the Don Quijote discount stores, Mega Donki format, and general merchandise stores operated under FamilyMart Uny. Overseas operations concentrate on North America and Southeast Asia. It has acquired small supermarket chains in Hawaii and California in the U.S. and also accelerated store expansion across Singapore and Hong Kong.

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