Communication and System Solution PCL (BKK:CSS) Sloan Ratio % : -15.01% (As of Mar. 2024)

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What is Communication and System Solution PCL 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.

Communication and System Solution PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -15.01%.

As of Mar. 2024, Communication and System Solution PCL has a Sloan Ratio of -15.01%, indicating there is a warning stage of accrual build up.

Communication and System Solution PCL Sloan Ratio % Historical Data

The historical data trend for Communication and System Solution 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.

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Communication and System Solution PCL Sloan Ratio % Chart

Communication and System Solution PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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5.96

-16.12

2.98

-4.79

-9.62

Communication and System Solution PCL 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															-3.42	-5.21	-11.25	-9.62	-15.01

Competitive Comparison of Communication and System Solution PCL's Sloan Ratio %

For the Electronics & Computer Distribution subindustry, Communication and System Solution 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.

Communication and System Solution PCL's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Communication and System Solution PCL's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Communication and System Solution PCL's Sloan Ratio % falls into.

Communication and System Solution 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.

Communication and System Solution PCL'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 )
	=	(20.244	-	345.853
	-	-23.967)	/	3134.587
	=	-9.62%

Communication and System Solution PCL'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 )
	=	(-17.07	-	453.313
	-	-19.831)	/	3001.94
	=	-15.01%

Communication and System Solution PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 9.161 (Jun. 2023 ) + 10.784 (Sep. 2023 ) + -25.765 (Dec. 2023 ) + -11.25 (Mar. 2024 ) = ฿-17 Mil.
Communication and System Solution PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 17.844 (Jun. 2023 ) + 129.942 (Sep. 2023 ) + 307.514 (Dec. 2023 ) + -1.987 (Mar. 2024 ) = ฿453 Mil.
Communication and System Solution PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -23.04 (Jun. 2023 ) + 10.384 (Sep. 2023 ) + -6.928 (Dec. 2023 ) + -0.247 (Mar. 2024 ) = ฿-20 Mil.

Communication and System Solution PCL (BKK:CSS) 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, Communication and System Solution PCL has a Sloan Ratio of -15.01%, indicating there is a warning stage of accrual build up.

Communication and System Solution PCL Sloan Ratio % Related Terms

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Communication and System Solution PCL (BKK:CSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Communication and System Solution PCL (BKK:CSS) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

N/A

Address

329 Moo 3 Banmai, Pakkred, Nonthaburi, THA, 11120

Website

https://www.cssthai.com

Communication and System Solution PCL is a Thailand based company engaged in the distribution and installation of equipment production for electricity, water, air conditioning, and telecommunication systems. It operates in two segments the Distribution electrical equipment segment and the Installation service segment. The Distribution electrical equipment segment operates as a distributor of electrical wires and other types of electrical systems equipment, as well as passive fire protection materials. The installation service segment is engaged in the design and installation of the communication system and fire protection systems and maintenance services. It derives a majority of the revenue from the Distribution of electrical equipment.