PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) Sloan Ratio % : -4.97% (As of Mar. 2024)

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What is PT Industri Dan Perdagangan Bintraco Dharma Tbk 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.

PT Industri Dan Perdagangan Bintraco Dharma Tbk's Sloan Ratio for the quarter that ended in Mar. 2024 was -4.97%.

As of Mar. 2024, PT Industri Dan Perdagangan Bintraco Dharma Tbk has a Sloan Ratio of -4.97%, indicating the company is in the safe zone and there is no funny business with accruals.

PT Industri Dan Perdagangan Bintraco Dharma Tbk Sloan Ratio % Historical Data

The historical data trend for PT Industri Dan Perdagangan Bintraco Dharma Tbk'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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PT Industri Dan Perdagangan Bintraco Dharma Tbk Sloan Ratio % Chart

PT Industri Dan Perdagangan Bintraco Dharma Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-18.36

-33.71

-26.48

-12.76

-5.77

PT Industri Dan Perdagangan Bintraco Dharma Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-8.67	-11.22	-14.35	-5.77	-4.97

Competitive Comparison of PT Industri Dan Perdagangan Bintraco Dharma Tbk's Sloan Ratio %

For the Auto & Truck Dealerships subindustry, PT Industri Dan Perdagangan Bintraco Dharma Tbk'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.

PT Industri Dan Perdagangan Bintraco Dharma Tbk's Sloan Ratio % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PT Industri Dan Perdagangan Bintraco Dharma Tbk's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where PT Industri Dan Perdagangan Bintraco Dharma Tbk's Sloan Ratio % falls into.

PT Industri Dan Perdagangan Bintraco Dharma Tbk 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.

PT Industri Dan Perdagangan Bintraco Dharma Tbk'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 )
	=	(173773.638	-	304809.665
	-	92015.919)	/	3868921.058
	=	-5.77%

PT Industri Dan Perdagangan Bintraco Dharma Tbk's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(179240.799	-	308501.201
	-	58257.561)	/	3772829.01
	=	-4.97%

PT Industri Dan Perdagangan Bintraco Dharma Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 33491.552 (Jun. 2023 ) + 64882.203 (Sep. 2023 ) + 29961.76 (Dec. 2023 ) + 50905.284 (Mar. 2024 ) = Rp179,241 Mil.
PT Industri Dan Perdagangan Bintraco Dharma Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 364569.982 (Jun. 2023 ) + 106506.934 (Sep. 2023 ) + -209522.622 (Dec. 2023 ) + 46946.907 (Mar. 2024 ) = Rp308,501 Mil.
PT Industri Dan Perdagangan Bintraco Dharma Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -6302.557 (Jun. 2023 ) + -25759.654 (Sep. 2023 ) + 91711.803 (Dec. 2023 ) + -1392.031 (Mar. 2024 ) = Rp58,258 Mil.

PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) 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 Mar. 2024, PT Industri Dan Perdagangan Bintraco Dharma Tbk has a Sloan Ratio of -4.97%, indicating the company is in the safe zone and there is no funny business with accruals.

PT Industri Dan Perdagangan Bintraco Dharma Tbk Sloan Ratio % Related Terms

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PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Sunburst CBD Lot II No. 3, BSD City, Gedung CARSWORLD Lantai 8, Lengkong Gudang, Serpong, Banten, South Tangerang Selatan, IDN, 15321

Website

https://www.bintracodharma.com

PT Industri Dan Perdagangan Bintraco Dharma Tbk is an Indonesia-based company that engages in the automotive, financing, and other businesses. The services of the company include the sale of vehicles, the repair of vehicles, financing services related to motor vehicles, spare parts distribution, repair services, and trading activities as well as electronic system management services related to automotive that can be accessed through websites and mobile devices. The company also provides services that include general repair and body repair and paint of motor vehicles and sells spare parts and accessories for Toyota vehicles as part of its after-sales services. The company operates into segments namely, automotive, financing, and after-sales services.