Procter & Gamble Hygiene and Health Care (NSE:PGHH) Sloan Ratio % : 0.00% (As of Mar. 2024)

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What is Procter & Gamble Hygiene and Health Care 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.

Procter & Gamble Hygiene and Health Care's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.

As of Mar. 2024, Procter & Gamble Hygiene and Health Care has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Procter & Gamble Hygiene and Health Care Sloan Ratio % Historical Data

The historical data trend for Procter & Gamble Hygiene and Health Care'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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Procter & Gamble Hygiene and Health Care Sloan Ratio % Chart

Procter & Gamble Hygiene and Health Care Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Sloan Ratio %

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-1.74

-6.31

-13.37

1.75

-6.44

Procter & Gamble Hygiene and Health Care 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															-	-	-	-	-

Competitive Comparison of Procter & Gamble Hygiene and Health Care's Sloan Ratio %

For the Household & Personal Products subindustry, Procter & Gamble Hygiene and Health Care'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.

Procter & Gamble Hygiene and Health Care's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Hygiene and Health Care's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Procter & Gamble Hygiene and Health Care's Sloan Ratio % falls into.

Procter & Gamble Hygiene and Health Care 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.

Procter & Gamble Hygiene and Health Care's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Jun. 2023 )	-	Cash Flow from Operations (A: Jun. 2023 )
	-	Cash Flow from Investing (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2023 )
	=	(6781.4	-	8257.7
	-	-99.1)	/	21373.2
	=	-6.44%

Procter & Gamble Hygiene and Health Care'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 )
	=	(7452	-	0
	-	0)	/	0
	=	%

Procter & Gamble Hygiene and Health Care's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1512.4 (Jun. 2023 ) + 2106.9 (Sep. 2023 ) + 2289 (Dec. 2023 ) + 1543.7 (Mar. 2024 ) = ₹7,452 Mil.
Procter & Gamble Hygiene and Health Care's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = ₹0 Mil.
Procter & Gamble Hygiene and Health Care's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = ₹0 Mil.

Procter & Gamble Hygiene and Health Care (NSE:PGHH) 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, Procter & Gamble Hygiene and Health Care has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

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Procter & Gamble Hygiene and Health Care (NSE:PGHH) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Procter & Gamble Hygiene and Health Care Ltd (NSE:PGHH) » Definitions » Sloan Ratio %

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500459:India

Address

Cardinal Gracias Road, P&G Plaza, Chakala, Andheri (East), Mumbai, MH, IND, 400099

Website

https://in.pg.com

Procter & Gamble Hygiene and Health Care Ltd is an Indian company engaged in the manufacturing and selling of feminine hygiene care and healthcare products. The portfolio includes brands like Ambi Pur, Head & Shoulders, Olay, Oral-B, Pampers, Pantene, Tide Ariel, Duracell, Gillette, Vicks, and Wella. The business is divided into a feminine hygiene business and a healthcare business. The feminine hygiene business offers sanitary napkins and feminine sanitary hygiene products; its best-known brand is Whisper. The healthcare business offers creams, cough drops, and other health products. The company distributes its products through various channels: from retail locations such as mass merchandizers and grocery stores, to drug stores and department stores.

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