Washington H Soul Pattinson (ASX:SOL) Sloan Ratio % : 4.55% (As of Jan. 2024)

Washington H Soul Pattinson Sloan Ratio % Chart

Washington H Soul Pattinson Annual Data
	Trend	Jul14	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jul22	Jul23
Sloan Ratio %		Get a 7-Day Free Trial					9.85	13.36	2.23	-7.27	3.80

Washington H Soul Pattinson Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Sloan Ratio %	Get a 7-Day Free Trial															-11.40	-7.27	5.59	3.80	4.55

Competitive Comparison of Washington H Soul Pattinson's Sloan Ratio %

For the Capital Markets subindustry, Washington H Soul Pattinson'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.

Washington H Soul Pattinson's Sloan Ratio % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Washington H Soul Pattinson's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Washington H Soul Pattinson's Sloan Ratio % falls into.

Washington H Soul Pattinson 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.

Washington H Soul Pattinson's Sloan Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Washington H Soul Pattinson's Sloan Ratio for the quarter that ended in Jan. 2024 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Washington H Soul Pattinson's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was 237.701 (Jul. 2023 ) + 302.535 (Jan. 2024 ) = A$540.2 Mil.
Washington H Soul Pattinson's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was 254.418 (Jul. 2023 ) + -73.324 (Jan. 2024 ) = A$181.1 Mil.
Washington H Soul Pattinson's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was -475.976 (Jul. 2023 ) + 369.39 (Jan. 2024 ) = A$-106.6 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.

Washington H Soul Pattinson  (ASX:SOL) 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 Jan. 2024, Washington H Soul Pattinson has a Sloan Ratio of 4.55%, indicating the company is in the safe zone and there is no funny business with accruals.

Washington H Soul Pattinson Sloan Ratio % Related Terms

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Washington H Soul Pattinson (ASX:SOL) Business Description