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.
Yamada Green Resources's Sloan Ratio for the quarter that ended in Dec. 2023 was -2.31%.
As of Dec. 2023, Yamada Green Resources has a Sloan Ratio of -2.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Yamada Green Resources Sloan Ratio % Historical Data
The historical data trend for Yamada Green Resources'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.
For the Farm Products subindustry, Yamada Green Resources'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.
Yamada Green Resources Sloan Ratio % Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Yamada Green Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Yamada Green Resources's Sloan Ratio % falls into.
Yamada Green Resources 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.
Yamada Green Resources's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Yamada Green Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -0.384 (Mar. 2023 ) + 1.396 (Jun. 2023 ) + 0.25 (Sep. 2023 ) + 0.005 (Dec. 2023 ) = S$1.27 Mil.
Yamada Green Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0.286 (Mar. 2023 ) + 1.242 (Jun. 2023 ) + 0.49 (Sep. 2023 ) + 0.995 (Dec. 2023 ) = S$3.01 Mil.
Yamada Green Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0.253 (Mar. 2023 ) + 1.099 (Jun. 2023 ) + -0.059 (Sep. 2023 ) + -1.607 (Dec. 2023 ) = S$-0.31 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.
Yamada Green Resources (SGX:BJV) 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, Yamada Green Resources has a Sloan Ratio of -2.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Yamada Green Resources Sloan Ratio % Related Terms
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Yamada Green Resources (SGX:BJV) Business Description
Yamada Green Resources Ltd is an agricultural food product processing group. It operates through business segments that are: Processed food products segment that comprises processed vegetable products and dietary fiber food products (including konjac-based processed food products); Investment properties that include rental income from investment properties; and Corporate segment. Geographically, it exports its products to Japan, the People's Republic of China (PRC), and the Netherlands. The Processed food segment generates maximum revenue for the company through the Japan region.
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