What is PT Tifico Fiber 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.
As of Mar. 2024, PT Tifico Fiber Indonesia Tbk has a Sloan Ratio of -1.60%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Tifico Fiber Indonesia Tbk Sloan Ratio % Historical Data
* 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 PT Tifico Fiber Indonesia Tbk's Sloan Ratio %
For the Textile Manufacturing subindustry, PT Tifico Fiber 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 Tifico Fiber Indonesia Tbk's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Tifico Fiber Indonesia Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Tifico Fiber Indonesia Tbk's Sloan Ratio % falls into.
PT Tifico Fiber 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 Tifico Fiber Indonesia Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 14304.754 (Jun. 2023 ) + -5278.839 (Sep. 2023 ) + 23694.381 (Dec. 2023 ) + 3114.031 (Mar. 2024 ) = Rp35,834 Mil.
PT Tifico Fiber Indonesia Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -89104.195 (Jun. 2023 ) + 66296.009 (Sep. 2023 ) + 165475.267 (Dec. 2023 ) + -20225.783 (Mar. 2024 ) = Rp122,441 Mil.
PT Tifico Fiber Indonesia Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 17835.865 (Jun. 2023 ) + -3384.667 (Sep. 2023 ) + -11007.019 (Dec. 2023 ) + -7322.597 (Mar. 2024 ) = Rp-3,878 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 Tifico Fiber Indonesia Tbk (ISX:TFCO) 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, PT Tifico Fiber Indonesia Tbk has a Sloan Ratio of -1.60%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Tifico Fiber Indonesia Tbk Sloan Ratio % Related Terms
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PT Tifico Fiber Indonesia Tbk (ISX:TFCO) Business Description
PT Tifico Fiber Indonesia Tbk is an Indonesian company principally engaged in the manufacture of polyester chips, staple fiber and filament yarn and sale and markets those products. Its products include Polyester Filament Yarn (PFY), Polyester Staple Fiber (PSF) and Polyester CHIP which includes semi dull, full dull, bright and cationic dye. The company uses Japanese innovative technology and machinery for producing finest polyester fiber. It manages its business into four segments namely Chip, Staple Fiber, Filament Yarn, and RCL.
PT Tifico Fiber Indonesia Tbk (ISX:TFCO) Headlines
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