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Ttet Union (TPE:1232) Sloan Ratio % : -9.65% (As of Mar. 2024)


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What is Ttet Union 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.

Ttet Union's Sloan Ratio for the quarter that ended in Mar. 2024 was -9.65%.

As of Mar. 2024, Ttet Union has a Sloan Ratio of -9.65%, indicating the company is in the safe zone and there is no funny business with accruals.


Ttet Union Sloan Ratio % Historical Data

The historical data trend for Ttet Union'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.

Ttet Union Sloan Ratio % Chart

Ttet Union Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 -7.95 16.67 14.57 -6.10

Ttet Union 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.33 -7.72 -4.48 -6.10 -9.65

Competitive Comparison of Ttet Union's Sloan Ratio %

For the Packaged Foods subindustry, Ttet Union'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.


Ttet Union's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ttet Union's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Ttet Union's Sloan Ratio % falls into.



Ttet Union 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.

Ttet Union'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 )
=(1204.851-1975.625
--271.942)/8180.321
=-6.10%

Ttet Union'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 )
=(1140.113-2200.472
--258.571)/8311.292
=-9.65%

Ttet Union's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 258.366 (Jun. 2023 ) + 269.922 (Sep. 2023 ) + 329.943 (Dec. 2023 ) + 281.882 (Mar. 2024 ) = NT$1,140 Mil.
Ttet Union's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -15.524 (Jun. 2023 ) + 577.293 (Sep. 2023 ) + 342.154 (Dec. 2023 ) + 1296.549 (Mar. 2024 ) = NT$2,200 Mil.
Ttet Union's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -57.684 (Jun. 2023 ) + -71.459 (Sep. 2023 ) + -99.204 (Dec. 2023 ) + -30.224 (Mar. 2024 ) = NT$-259 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.


Ttet Union  (TPE:1232) 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, Ttet Union has a Sloan Ratio of -9.65%, indicating the company is in the safe zone and there is no funny business with accruals.


Ttet Union Sloan Ratio % Related Terms

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Ttet Union (TPE:1232) Business Description

Traded in Other Exchanges
N/A
Address
32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048
Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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