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Thermon Group Holdings (Thermon Group Holdings) Sloan Ratio % : 13.29% (As of Dec. 2023)


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What is Thermon Group 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.

Thermon Group Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was 13.29%.

As of Dec. 2023, Thermon Group Holdings has a Sloan Ratio of 13.29%, indicating there is a warning stage of accrual build up.


Thermon Group Holdings Sloan Ratio % Historical Data

The historical data trend for Thermon Group 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.

Thermon Group Holdings Sloan Ratio % Chart

Thermon Group Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 -7.86 -3.49 -0.65 3.16

Thermon Group 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 4.64 3.16 0.27 0.55 13.29

Competitive Comparison of Thermon Group Holdings's Sloan Ratio %

For the Specialty Industrial Machinery subindustry, Thermon Group 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.


Thermon Group Holdings's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermon Group Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Thermon Group Holdings's Sloan Ratio % falls into.



Thermon Group 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.

Thermon Group Holdings'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 )
=(33.666-57.714
--44.555)/649.629
=3.16%

Thermon Group 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 )
=(49.206-54.697
--112.525)/805.088
=13.29%

Thermon Group Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 7.701 (Mar. 2023 ) + 10.938 (Jun. 2023 ) + 14.73 (Sep. 2023 ) + 15.837 (Dec. 2023 ) = $49.2 Mil.
Thermon Group Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 26.109 (Mar. 2023 ) + 0.868 (Jun. 2023 ) + 3.392 (Sep. 2023 ) + 24.328 (Dec. 2023 ) = $54.7 Mil.
Thermon Group Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -4.246 (Mar. 2023 ) + -2.789 (Jun. 2023 ) + -2.785 (Sep. 2023 ) + -102.705 (Dec. 2023 ) = $-112.5 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.


Thermon Group Holdings  (NYSE:THR) 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, Thermon Group Holdings has a Sloan Ratio of 13.29%, indicating there is a warning stage of accrual build up.


Thermon Group Holdings Sloan Ratio % Related Terms

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Thermon Group Holdings (Thermon Group Holdings) Business Description

Traded in Other Exchanges
Address
7171 Southwest Parkway, Building 300, Suite 200, Austin, TX, USA, 78735
Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.
Executives
Kevin J Mcginty director 6688 N CENTRAL EXPRESSWAY, SUITE 1170, DALLAS TX 75206
Nesser John T Iii director 777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Kevin Fox officer: VP - Corporate Development 7171 SOUTHWEST PKWY, BLD. 300 STE. 200, AUSTIN TX 78735
Candace Harris-peterson officer: VP, Human Resources 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Angela Strzelecki director INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Bruce Thames officer: Executive VP and COO 100 THERMON DRIVE, SAN MARCOS TX 78666
Kuahara Roberto officer: SVP, Operations 7171 SOUTHWEST PKWY, BLD. 300, STE. 200, AUSTIN TX 78735
Van Der Salm Johannes Rene officer: SVP-Global Operations 100 THERMON DRIVE, SAN MARCOS TX 78666
Michael W Press director P O BOX 327, GATES MILLS OH 44040
James Pribble officer: SVP, Thermon Heating Systems 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
John U Clarke director PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Roger L Fix director
Tarkington Ryan officer: General Counsel & Corp. Sec. 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
David Buntin officer: SVP, Thermon Heat Tracing 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Mark John Roberts officer: SVP, Global Engineering 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735