What is Perma-Pipe International Holdings 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 Jan. 2024, Perma-Pipe International Holdings has a Sloan Ratio of 4.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Perma-Pipe International Holdings 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.
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Perma-Pipe International Holdings Sloan Ratio % Chart
Competitive Comparison of Perma-Pipe International Holdings's Sloan Ratio %
For the Building Products & Equipment subindustry, Perma-Pipe International Holdings'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.
Perma-Pipe International Holdings's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Perma-Pipe International Holdings's Sloan Ratio % falls into.
Perma-Pipe International Holdings 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.
Perma-Pipe International Holdings's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was -1.123 (Apr. 2023 ) + 1.022 (Jul. 2023 ) + 1.935 (Oct. 2023 ) + 8.637 (Jan. 2024 ) = $10.5 Mil.
Perma-Pipe International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was 3.812 (Apr. 2023 ) + -0.279 (Jul. 2023 ) + 4.084 (Oct. 2023 ) + 7.114 (Jan. 2024 ) = $14.7 Mil.
Perma-Pipe International Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was -3.222 (Apr. 2023 ) + -3.57 (Jul. 2023 ) + -1.407 (Oct. 2023 ) + -2.899 (Jan. 2024 ) = $-11.1 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.
Perma-Pipe International Holdings (NAS:PPIH) 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 Jan. 2024, Perma-Pipe International Holdings has a Sloan Ratio of 4.39%, indicating the company is in the safe zone and there is no funny business with accruals.
Perma-Pipe International Holdings Sloan Ratio % Related Terms
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Perma-Pipe International Holdings (Perma-Pipe International Holdings) Business Description
Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.
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