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Polska Grupa Energetyczna (WAR:PGE) Sloan Ratio % : -1.37% (As of Mar. 2024)


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What is Polska Grupa Energetyczna 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.

Polska Grupa Energetyczna's Sloan Ratio for the quarter that ended in Mar. 2024 was -1.37%.

As of Mar. 2024, Polska Grupa Energetyczna has a Sloan Ratio of -1.37%, indicating the company is in the safe zone and there is no funny business with accruals.


Polska Grupa Energetyczna Sloan Ratio % Historical Data

The historical data trend for Polska Grupa Energetyczna'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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Polska Grupa Energetyczna Sloan Ratio % Chart

Polska Grupa Energetyczna 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 -5.04 -5.02 1.01 -0.93 2.79

Polska Grupa Energetyczna 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 7.10 4.73 0.58 2.79 -1.37

Competitive Comparison of Polska Grupa Energetyczna's Sloan Ratio %

For the Utilities - Regulated Electric subindustry, Polska Grupa Energetyczna'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.


Polska Grupa Energetyczna's Sloan Ratio % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Polska Grupa Energetyczna's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Polska Grupa Energetyczna's Sloan Ratio % falls into.



Polska Grupa Energetyczna 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.

Polska Grupa Energetyczna'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 )
=(-5012-3269
--11451)/113443
=2.79%

Polska Grupa Energetyczna'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 )
=(-5843-7758
--11946)/120469
=-1.37%

Polska Grupa Energetyczna's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 352 (Jun. 2023 ) + 953 (Sep. 2023 ) + -8041 (Dec. 2023 ) + 893 (Mar. 2024 ) = zł-5,843 Mil.
Polska Grupa Energetyczna's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 7167 (Jun. 2023 ) + 9192 (Sep. 2023 ) + -6262 (Dec. 2023 ) + -2339 (Mar. 2024 ) = zł7,758 Mil.
Polska Grupa Energetyczna's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -3846 (Jun. 2023 ) + -2704 (Sep. 2023 ) + -3256 (Dec. 2023 ) + -2140 (Mar. 2024 ) = zł-11,946 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.


Polska Grupa Energetyczna  (WAR:PGE) 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, Polska Grupa Energetyczna has a Sloan Ratio of -1.37%, indicating the company is in the safe zone and there is no funny business with accruals.


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Polska Grupa Energetyczna (WAR:PGE) Business Description

Traded in Other Exchanges
Address
Aleja Krasnicka 27, Warsaw, POL, 20-718
Polska Grupa Energetyczna SA is a Polish electric utility company of which the Polish State Treasury is the majority shareholder. The vast majority of Polska Grupa's revenue comes, collectively, from its conventional generation business, which mines coal and controls power plant operations; its distribution business, which distributes electricity throughout Poland; and its supply business, which purchases and sells electricity and heat. Polska Grupa controls a portfolio of lignite, coal, gas, biomass, hydro, and wind power plants. most of the company's power production is derived from its lignite-fired and coal-fired facilities. Almost all of Polska Grupa's revenue comes from the Polish market, and it is one of the largest energy producers in the country.

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