What is CCK Consolidated Holdings Bhd 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.
As of Sep. 2023, CCK Consolidated Holdings Bhd has a Sloan Ratio of 2.27%, indicating the company is in the safe zone and there is no funny business with accruals.
CCK Consolidated Holdings Bhd Sloan Ratio % Historical Data
* 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 CCK Consolidated Holdings Bhd's Sloan Ratio %
For the Farm Products subindustry, CCK Consolidated Holdings Bhd'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.
CCK Consolidated Holdings Bhd's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, CCK Consolidated Holdings Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where CCK Consolidated Holdings Bhd's Sloan Ratio % falls into.
CCK Consolidated Holdings Bhd 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.
CCK Consolidated Holdings Bhd's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 13.969 (Dec. 2022 ) + 16.164 (Mar. 2023 ) + 16.755 (Jun. 2023 ) + 19.983 (Sep. 2023 ) = RM66.9 Mil.
CCK Consolidated Holdings Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 27.965 (Dec. 2022 ) + 16.958 (Mar. 2023 ) + 15.609 (Jun. 2023 ) + 19.725 (Sep. 2023 ) = RM80.3 Mil.
CCK Consolidated Holdings Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -7.505 (Dec. 2022 ) + -3.163 (Mar. 2023 ) + -4.93 (Jun. 2023 ) + -10.487 (Sep. 2023 ) = RM-26.1 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.
CCK Consolidated Holdings Bhd (XKLS:7035) 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, CCK Consolidated Holdings Bhd has a Sloan Ratio of 2.27%, indicating the company is in the safe zone and there is no funny business with accruals.
CCK Consolidated Holdings Bhd Sloan Ratio % Related Terms
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CCK Consolidated Holdings Bhd (XKLS:7035) Business Description
CCK Consolidated Holdings Bhd through its subsidiaries is engaged in principal activities of retailing and poultry farming. It is also engaged in the rearing and production of poultry products, prawn and seafood products, and the supply and trade of food products and related services. The group is organized into five main reportable segments: Poultry; Prawn, Food Service, Retail, and Corporate. Poultry Segment is involved in the rearing and production of poultry products. Prawn Segment is involved in the rearing and production of prawn and seafood products. The food Service Segment includes the supply and trading of food products and related services. The retail segment includes the trading of cold storage products, and Corporate Segment includes the provision of management services.
CCK Consolidated Holdings Bhd (XKLS:7035) Headlines
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