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.
Adarsh Plant Protect's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.
As of Mar. 2024, Adarsh Plant Protect has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Adarsh Plant Protect Sloan Ratio % Historical Data
The historical data trend for Adarsh Plant Protect'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 Adarsh Plant Protect's Sloan Ratio %
For the Farm & Heavy Construction Machinery subindustry, Adarsh Plant Protect'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.
Adarsh Plant Protect's Sloan Ratio % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Adarsh Plant Protect's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Adarsh Plant Protect's Sloan Ratio % falls into.
Adarsh Plant Protect 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.
Adarsh Plant Protect's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Adarsh Plant Protect's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 0.767 (Jun. 2023 ) + 0.185 (Sep. 2023 ) + 1.587 (Dec. 2023 ) + 2.321 (Mar. 2024 ) = ₹4.9 Mil.
Adarsh Plant Protect's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = ₹0.0 Mil.
Adarsh Plant Protect's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = ₹0.0 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.
Adarsh Plant Protect (BOM:526711) 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, Adarsh Plant Protect has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Adarsh Plant Protect Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Adarsh Plant Protect's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Adarsh Plant Protect (BOM:526711) Business Description
Adarsh Plant Protect Ltd is an Indian company which is engaged in manufacturing and selling plant protection and agricultural equipment. It mainly manufactures manual and battery-operated knapsack sprayer pumps, fertilizer dusters and broadcasters, and manual and power operated seed dressing drums. The agricultural equipment produces by the company includes hand-operated agricultural sprayer pumps, foot-operated agricultural sprayer pumps, rocker sprayer pumps, and others under the Adarsh brand. The company also manufactures barrels with MS/GI sheets, HMHDPE composite barrels of GI sheets, and inside epoxy lacquered MS barrels. The operating segments of the company are Agricultural Equipment, Barrel, and Eco Stove.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:526711 has been successfully added to your 