What is Somboon Advance Technology 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.
* 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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Somboon Advance Technology PCL Sloan Ratio % Chart
Competitive Comparison of Somboon Advance Technology PCL's Sloan Ratio %
For the Auto Parts subindustry, Somboon Advance Technology 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.
Somboon Advance Technology PCL's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Somboon Advance Technology PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Somboon Advance Technology PCL's Sloan Ratio % falls into.
Somboon Advance Technology 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.
Somboon Advance Technology PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 223.209 (Jun. 2023 ) + 263.419 (Sep. 2023 ) + 217.533 (Dec. 2023 ) + 187.084 (Mar. 2024 ) = ฿891 Mil.
Somboon Advance Technology PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 226.438 (Jun. 2023 ) + 446.825 (Sep. 2023 ) + 386.808 (Dec. 2023 ) + 378.561 (Mar. 2024 ) = ฿1,439 Mil.
Somboon Advance Technology PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 191.404 (Jun. 2023 ) + -483.308 (Sep. 2023 ) + -632.195 (Dec. 2023 ) + -686.176 (Mar. 2024 ) = ฿-1,610 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.
Somboon Advance Technology PCL (BKK:SAT) 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 Mar. 2024, Somboon Advance Technology PCL has a Sloan Ratio of 10.01%, indicating there is a warning stage of accrual build up.
Somboon Advance Technology PCL Sloan Ratio % Related Terms
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Somboon Advance Technology PCL (BKK:SAT) Business Description
Somboon Advance Technology PCL is a Thailand based company engaged in the manufacture and distribution of motor vehicle parts. The principal businesses of the company are the manufacture of pick-up axles and truck trunnion shafts. It manufactures parts for passenger cars, pickup trucks, trucks and agricultural machinery. Its products include axle shafts, disc brakes, drum brakes, exhaust manifolds, leaf springs, stabilizer bars, hot coil springs, and other related products. The group has two reportable segments namely, Pick-up axles and truck trunnion shafts, and Other auto parts. The majority of the revenue is generated from the Other auto parts segment.
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