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.
Singapore Post's Sloan Ratio for the quarter that ended in Sep. 2023 was -1.75%.
As of Sep. 2023, Singapore Post has a Sloan Ratio of -1.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Singapore Post Sloan Ratio % Historical Data
The historical data trend for Singapore Post'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 Singapore Post's Sloan Ratio %
For the Integrated Freight & Logistics subindustry, Singapore Post'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.
Singapore Post's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Singapore Post's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Singapore Post's Sloan Ratio % falls into.
Singapore Post 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.
Singapore Post's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Singapore Post's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 25.799 (Mar. 2023 ) + 8.396 (Sep. 2023 ) = $34 Mil.
Singapore Post's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 74.434 (Mar. 2023 ) + 13.275 (Sep. 2023 ) = $88 Mil.
Singapore Post's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -13.527 (Mar. 2023 ) + -4.706 (Sep. 2023 ) = $-18 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.
Singapore Post (OTCPK:SPSTY) 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 Sep. 2023, Singapore Post has a Sloan Ratio of -1.75%, indicating the company is in the safe zone and there is no funny business with accruals.
Singapore Post Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Singapore Post's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Singapore Post (Singapore Post) Business Description
Singapore Post Ltd is a Singapore-based provider of mail and parcel delivery services. It operates through three business segments: post and parcel, logistics, and property. The post and parcel operating unit provides delivery services such as collecting, transporting, and distributing mail. The logistics segment provides services such as freight forwarding, warehousing, last-mile delivery, and distribution and fulfillment services. The property segment leases commercial and self-storage properties. SingPost has operations in Singapore and Australia, with the majority of its sales in Singapore. Additionally, the majority of SingPost's revenue is generated from its post and parcel business unit.
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