What is Pt Vktr Teknologi Mobilitas 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.
* 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 Vktr Teknologi Mobilitas Tbk Sloan Ratio % Chart
Competitive Comparison of Pt Vktr Teknologi Mobilitas Tbk's Sloan Ratio %
For the Recreational Vehicles subindustry, Pt Vktr Teknologi Mobilitas 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 Vktr Teknologi Mobilitas Tbk's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Pt Vktr Teknologi Mobilitas Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Pt Vktr Teknologi Mobilitas Tbk's Sloan Ratio % falls into.
Pt Vktr Teknologi Mobilitas 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 Vktr Teknologi Mobilitas Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 14611 (Jun. 2023 ) + -23709 (Sep. 2023 ) + -14090 (Dec. 2023 ) + 20961 (Mar. 2024 ) = Rp-2,227 Mil.
Pt Vktr Teknologi Mobilitas Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 3009 (Jun. 2023 ) + -11605 (Sep. 2023 ) + -50659 (Dec. 2023 ) + 10083 (Mar. 2024 ) = Rp-49,172 Mil.
Pt Vktr Teknologi Mobilitas Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -31392 (Jun. 2023 ) + -233142 (Sep. 2023 ) + 316997 (Dec. 2023 ) + -177903 (Mar. 2024 ) = Rp-125,440 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 Vktr Teknologi Mobilitas Tbk (ISX:VKTR) 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 Vktr Teknologi Mobilitas Tbk has a Sloan Ratio of 10.28%, indicating there is a warning stage of accrual build up.
Pt Vktr Teknologi Mobilitas Tbk Sloan Ratio % Related Terms
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Pt Vktr Teknologi Mobilitas Tbk (ISX:VKTR) Business Description
Pt Vktr Teknologi Mobilitas Tbk is engaged in wholesale trading of new cars and new motorcycles in the form of Battery-Based Electric Motorized Vehicles (KBLBB), spare parts components, car accessories, and the car body industry for four-wheeled or more motorized vehicles, battery-based electric motorized vehicles, two- and three-wheeled motorcycles and the iron and steel foundry industry, industry of spare parts and accessories for four-wheeled or more motorized vehicles through Subsidiaries.
Pt Vktr Teknologi Mobilitas Tbk (ISX:VKTR) Headlines
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