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QTCG PCL (BKK:QTCG) Sloan Ratio % : 0.00% (As of Dec. 2022)


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What is QTCG PCL 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.

QTCG PCL's Sloan Ratio for the quarter that ended in Dec. 2022 was 0.00%.

As of Dec. 2022, QTCG PCL has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


QTCG PCL Sloan Ratio % Historical Data

The historical data trend for QTCG PCL'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.

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QTCG PCL Sloan Ratio % Chart

QTCG PCL Annual Data
Trend Dec22 Dec23
Sloan Ratio %
12.53 16.52

QTCG PCL Quarterly Data
Dec22 Dec23
Sloan Ratio % - -

Competitive Comparison of QTCG PCL's Sloan Ratio %

For the Engineering & Construction subindustry, QTCG PCL'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.


QTCG PCL's Sloan Ratio % Distribution in the Construction Industry

For the Construction industry and Industrials sector, QTCG PCL's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where QTCG PCL's Sloan Ratio % falls into.



QTCG PCL 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.

QTCG PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(22.022--106.523
--7.827)/825.427
=16.52%

QTCG PCL's Sloan Ratio for the quarter that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2022 )
=(-
-)/
=%

QTCG PCL does not have enough years/quarters to calculate the Net Income, Cash Flow from Investing, and Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2022.

* 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.


QTCG PCL  (BKK:QTCG) 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. 2022, QTCG PCL has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


QTCG PCL Sloan Ratio % Related Terms

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QTCG PCL (BKK:QTCG) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 42 Soi Ramkhamhaeng 187, Intersection 2, Minburi Subdistrict, Minburi District, Bangkok, THA, 10510
QTCG PCL is engaged in contracting and installation services for systems engineering. Its services consists of electrical communication systems, air conditioning and ventilation systems. Sanitary system and conducts business related to asset management from purchasing or receiving transfer of debtors from financial institutions, including primary insurance of debtors. The company as two segments Construction segment and asset management segment. Key revenue is generated from Construction segment.

QTCG PCL (BKK:QTCG) Headlines

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