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.
MMS Ventures Bhd's Sloan Ratio for the quarter that ended in Dec. 2023 was -1.44%.
As of Dec. 2023, MMS Ventures Bhd has a Sloan Ratio of -1.44%, indicating the company is in the safe zone and there is no funny business with accruals.
MMS Ventures Bhd Sloan Ratio % Historical Data
The historical data trend for MMS Ventures Bhd'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.
Competitive Comparison of MMS Ventures Bhd's Sloan Ratio %
For the Semiconductor Equipment & Materials subindustry, MMS Ventures Bhd'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.
MMS Ventures Bhd's Sloan Ratio % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, MMS Ventures Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where MMS Ventures Bhd's Sloan Ratio % falls into.
MMS Ventures Bhd 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.
MMS Ventures Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
MMS Ventures Bhd's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 0.408 (Mar. 2023 ) + -0.293 (Jun. 2023 ) + -2.108 (Sep. 2023 ) + -1.088 (Dec. 2023 ) = RM-3.08 Mil.
MMS Ventures Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 1.882 (Mar. 2023 ) + -0.99 (Jun. 2023 ) + -1.644 (Sep. 2023 ) + -1.918 (Dec. 2023 ) = RM-2.67 Mil.
MMS Ventures Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.386 (Mar. 2023 ) + 0.086 (Jun. 2023 ) + 0.125 (Sep. 2023 ) + 0.766 (Dec. 2023 ) = RM0.59 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.
MMS Ventures Bhd (XKLS:0113) 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 Dec. 2023, MMS Ventures Bhd has a Sloan Ratio of -1.44%, indicating the company is in the safe zone and there is no funny business with accruals.
MMS Ventures Bhd Sloan Ratio % Related Terms
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MMS Ventures Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the company is involved in the design and manufacture of LED and Semiconductor Industrial Automation Systems and Machinery. The business activity of the group functions through the Manufacture of automated systems and machinery; and the Development of software segments. Geographically, the business presence of the entity is seen across the regions of Asia, America, Europe, Malaysia, and Australia, of which prime revenue is derived from Malaysia and America.
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