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.
Exotic Food PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -5.71%.
As of Mar. 2024, Exotic Food PCL has a Sloan Ratio of -5.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Exotic Food PCL Sloan Ratio % Historical Data
The historical data trend for Exotic Food PCL'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 Exotic Food PCL's Sloan Ratio %
For the Packaged Foods subindustry, Exotic Food PCL'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.
Exotic Food PCL's Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Exotic Food PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Exotic Food PCL's Sloan Ratio % falls into.
Exotic Food PCL 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.
Exotic Food PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Exotic Food PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 212.835 (Jun. 2023 ) + 248.146 (Sep. 2023 ) + 227.585 (Dec. 2023 ) + 263.668 (Mar. 2024 ) = ฿952 Mil.
Exotic Food PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 279.331 (Jun. 2023 ) + 297.908 (Sep. 2023 ) + 209.017 (Dec. 2023 ) + 100.65 (Mar. 2024 ) = ฿887 Mil.
Exotic Food PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -11.052 (Jun. 2023 ) + -184.317 (Sep. 2023 ) + 438.561 (Dec. 2023 ) + -38.064 (Mar. 2024 ) = ฿205 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.
Exotic Food PCL (BKK:XO) 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 Mar. 2024, Exotic Food PCL has a Sloan Ratio of -5.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Exotic Food PCL Sloan Ratio % Related Terms
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Exotic Food PCL manufactures and exports seasoning, dipping sauces, fruit juice, canned products and production from fruit and vegetables. The company operates in both local and overseas markets. It offers seasoning products, which include dipping sauces, chilli sauces, and other seasoning products; food ingredient products, which include coconut milk and curry paste products; and beverages. Including beverages made from vegetables and fruit; instant and semi-instant food products, which include ready meal products such as green curry with rice, Pad Thai as well as other instant and semi-instant food products such as food in oil and brine, canned vegetable and fruit products, rice products, dried foods and others. Key revenue is earned from seasoning and dipping sauces sales.
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