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PT Mora Telematika Indonesia Tbk (ISX:MORA) Sloan Ratio % : -3.41% (As of Mar. 2024)


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What is PT Mora Telematika Indonesia 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 Mora Telematika Indonesia Tbk's Sloan Ratio for the quarter that ended in Mar. 2024 was -3.41%.

As of Mar. 2024, PT Mora Telematika Indonesia Tbk has a Sloan Ratio of -3.41%, indicating the company is in the safe zone and there is no funny business with accruals.


PT Mora Telematika Indonesia Tbk Sloan Ratio % Historical Data

The historical data trend for PT Mora Telematika Indonesia 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.

* Premium members only.

PT Mora Telematika Indonesia Tbk Sloan Ratio % Chart

PT Mora Telematika Indonesia Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
19.86 0.60 2.70 1.51 1.17

PT Mora Telematika Indonesia Tbk Quarterly Data
Dec19 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.58 2.03 -0.45 1.17 -3.41

Competitive Comparison of PT Mora Telematika Indonesia Tbk's Sloan Ratio %

For the Telecom Services subindustry, PT Mora Telematika Indonesia 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 Mora Telematika Indonesia Tbk's Sloan Ratio % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Mora Telematika Indonesia Tbk's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where PT Mora Telematika Indonesia Tbk's Sloan Ratio % falls into.



PT Mora Telematika Indonesia 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 Mora Telematika Indonesia 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 )
=(564215.585-1629007.594
--1238587.356)/14899260.719
=1.17%

PT Mora Telematika Indonesia 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 )
=(561488.259-2284080.289
--1203475.171)/15211309.269
=-3.41%

PT Mora Telematika Indonesia Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 150280.236 (Jun. 2023 ) + 136472.572 (Sep. 2023 ) + 75577.964 (Dec. 2023 ) + 199157.487 (Mar. 2024 ) = Rp561,488 Mil.
PT Mora Telematika Indonesia Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 349851.571 (Jun. 2023 ) + 583575.098 (Sep. 2023 ) + 477981.371 (Dec. 2023 ) + 872672.249 (Mar. 2024 ) = Rp2,284,080 Mil.
PT Mora Telematika Indonesia Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -258240.369 (Jun. 2023 ) + -226647.979 (Sep. 2023 ) + -497609.372 (Dec. 2023 ) + -220977.451 (Mar. 2024 ) = Rp-1,203,475 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 Mora Telematika Indonesia Tbk  (ISX:MORA) 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 Mora Telematika Indonesia Tbk has a Sloan Ratio of -3.41%, indicating the company is in the safe zone and there is no funny business with accruals.


PT Mora Telematika Indonesia Tbk Sloan Ratio % Related Terms

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PT Mora Telematika Indonesia Tbk (ISX:MORA) Business Description

Traded in Other Exchanges
N/A
Address
Gedung Grha 9, Jalan Panataran No. 9, Proklamasi, 6th Floor, Jakarta, IDN, 10320
PT Mora Telematika Indonesia Tbk is a wholesale telecommunications network provider. It offers cables, internet service providers and internet interconnection services. The company segments include Telco; Wholesale; Retail and others.

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