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Korea Electric Power (Korea Electric Power) Sloan Ratio % : 5.23% (As of Sep. 2023)


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What is Korea Electric Power 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.

Korea Electric Power's Sloan Ratio for the quarter that ended in Sep. 2023 was 5.23%.

As of Sep. 2023, Korea Electric Power has a Sloan Ratio of 5.23%, indicating the company is in the safe zone and there is no funny business with accruals.


Korea Electric Power Sloan Ratio % Historical Data

The historical data trend for Korea Electric Power'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.

Korea Electric Power Sloan Ratio % Chart

Korea Electric Power Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 1.78 1.22 5.95 -

Korea Electric Power 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 6.01 5.34 4.72 5.23 -

Competitive Comparison of Korea Electric Power's Sloan Ratio %

For the Utilities - Regulated Electric subindustry, Korea Electric Power'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.


Korea Electric Power's Sloan Ratio % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Korea Electric Power's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Korea Electric Power's Sloan Ratio % falls into.



Korea Electric Power 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.

Korea Electric Power's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(-18914.313--18149.485
--11560.128)/181518.034
=5.95%

Korea Electric Power'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 )
=(-10666.961--8152.317
--11927.931)/180061.195
=5.23%

Korea Electric Power's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -6007.762 (Dec. 2022 ) + -3787.475 (Mar. 2023 ) + -1466.781 (Jun. 2023 ) + 595.057 (Sep. 2023 ) = $-10,667 Mil.
Korea Electric Power's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -7590.134 (Dec. 2022 ) + -2641.615 (Mar. 2023 ) + -1049.382 (Jun. 2023 ) + 3128.814 (Sep. 2023 ) = $-8,152 Mil.
Korea Electric Power's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -4216.808 (Dec. 2022 ) + -1355.223 (Mar. 2023 ) + -2858.541 (Jun. 2023 ) + -3497.359 (Sep. 2023 ) = $-11,928 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.


Korea Electric Power  (NYSE:KEP) 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, Korea Electric Power has a Sloan Ratio of 5.23%, indicating the company is in the safe zone and there is no funny business with accruals.


Korea Electric Power Sloan Ratio % Related Terms

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Korea Electric Power (Korea Electric Power) Business Description

Traded in Other Exchanges
Address
55 Jeollyeok-ro, Jeollanam-do, Naju-si, KOR, 58322
Korea Electric Power Corp is an electric utility company in which the government of South Korea holds a controlling stake. The firm operates in the following segments: Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-Nuclear), Plant maintenance & engineering service, and Others. Most of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue primarily through the Transmission and distribution segment.