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PT Dewata Freight International Tbk (ISX:DEAL) Sloan Ratio % : 0.00% (As of Sep. 2023)


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What is PT Dewata Freight International 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 Dewata Freight International Tbk's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

As of Sep. 2023, PT Dewata Freight International Tbk has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


PT Dewata Freight International Tbk Sloan Ratio % Historical Data

The historical data trend for PT Dewata Freight International 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 Dewata Freight International Tbk Sloan Ratio % Chart

PT Dewata Freight International Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
Get a 7-Day Free Trial 38.72 3.39 -6.51 -10.64 -5.18

PT Dewata Freight International Tbk Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of PT Dewata Freight International Tbk's Sloan Ratio %

For the Integrated Freight & Logistics subindustry, PT Dewata Freight International 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 Dewata Freight International Tbk's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Dewata Freight International Tbk's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where PT Dewata Freight International Tbk's Sloan Ratio % falls into.



PT Dewata Freight International 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 Dewata Freight International Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(-12994.136--27541.264
-22835.504)/159955.395
=-5.18%

PT Dewata Freight International Tbk's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2023 )
=(-17965.022--19568.414
-0)/150889.204
=1.06%

PT Dewata Freight International Tbk's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -8469.167 (Dec. 2022 ) + 993.372 (Mar. 2023 ) + -3890.827 (Jun. 2023 ) + -6598.4 (Sep. 2023 ) = Rp-17,965 Mil.
PT Dewata Freight International Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -20305.781 (Dec. 2022 ) + 272.32 (Mar. 2023 ) + 2779.302 (Jun. 2023 ) + -2314.255 (Sep. 2023 ) = Rp-19,568 Mil.
PT Dewata Freight International Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Dec. 2022 ) + -1.908 (Mar. 2023 ) + 1.908 (Jun. 2023 ) + 0 (Sep. 2023 ) = Rp0 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.


PT Dewata Freight International Tbk  (ISX:DEAL) 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 Sep. 2023, PT Dewata Freight International Tbk has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


PT Dewata Freight International Tbk Sloan Ratio % Related Terms

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PT Dewata Freight International Tbk (ISX:DEAL) Business Description

Traded in Other Exchanges
N/A
Address
Jalan. Boulevard Timur No. 88, Suite A-B, Kirana Two Office Tower, 12nd floor, Kelapa Gading, Jakarta Utara, IDN, 14240
PT Dewata Freight International Tbk is an Indonesia-based company engaged in the logistics business. The firm offers transportation, heavy lifts, inter-island logistics, ocean freight service, warehousing and distribution management, air cargo services, and customs clearance. It operates in the following segments: Freight forwarding, Vehicle rental, Distribution Management, and Construction services. The firm's revenue is derived from the Freight forwarding segment.

PT Dewata Freight International Tbk (ISX:DEAL) Headlines

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