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.
SDC Techmedia's Sloan Ratio for the quarter that ended in Sep. 2023 was -31.29%.
As of Sep. 2023, SDC Techmedia has a Sloan Ratio of -31.29%, indicating there is a warning stage of accrual build up.
SDC Techmedia Sloan Ratio % Historical Data
The historical data trend for SDC Techmedia'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 SDC Techmedia's Sloan Ratio %
For the Entertainment subindustry, SDC Techmedia'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.
SDC Techmedia's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, SDC Techmedia's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SDC Techmedia's Sloan Ratio % falls into.
SDC Techmedia 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.
SDC Techmedia'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.
SDC Techmedia's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -3.265 (Mar. 2023 ) + -17.071 (Sep. 2023 ) = ₹-20.3 Mil.
SDC Techmedia's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 30.718 (Mar. 2023 ) + 24.074 (Sep. 2023 ) = ₹54.8 Mil.
SDC Techmedia's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 5.878 (Mar. 2023 ) + 0.202 (Sep. 2023 ) = ₹6.1 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.
SDC Techmedia (BOM:535647) 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, SDC Techmedia has a Sloan Ratio of -31.29%, indicating there is a warning stage of accrual build up.
SDC Techmedia Sloan Ratio % Related Terms
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SDC Techmedia Ltd operates in the business of media and event management. It is also involved in the reproduction of recorded media. Its services are to aggregate and market audio or video and movie contents of various languages in the local and international market, to acquire old movie rights, dub in a range of languages and market to various television channels, and to produce animation films or short movies or documentary movies. The firm also produces animation movies and television serials, and movies, leasing and renting of 4k Projectors to the Theaters, Cinema Halls and Multiplexes. It generates revenue based on the functioning of Theaters, Cinema Halls & Multiplexes in the State of Tamil Nadu and other cities of Southern States of India.
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