What is PT Elang Mahkota Teknologi Tbk 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.
As of Mar. 2024, PT Elang Mahkota Teknologi Tbk has a Sloan Ratio of 5.23%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Elang Mahkota Teknologi Tbk Sloan Ratio % Historical Data
* 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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PT Elang Mahkota Teknologi Tbk Sloan Ratio % Chart
Competitive Comparison of PT Elang Mahkota Teknologi Tbk's Sloan Ratio %
For the Broadcasting subindustry, PT Elang Mahkota Teknologi Tbk'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.
PT Elang Mahkota Teknologi Tbk's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, PT Elang Mahkota Teknologi Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Elang Mahkota Teknologi Tbk's Sloan Ratio % falls into.
PT Elang Mahkota Teknologi Tbk 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.
PT Elang Mahkota Teknologi Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -113195.952 (Jun. 2023 ) + 281994.819 (Sep. 2023 ) + 21417.276 (Dec. 2023 ) + 259393.339 (Mar. 2024 ) = Rp449,609 Mil.
PT Elang Mahkota Teknologi Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -472429.693 (Jun. 2023 ) + 638128.556 (Sep. 2023 ) + 576576.865 (Dec. 2023 ) + -49335.779 (Mar. 2024 ) = Rp692,940 Mil.
PT Elang Mahkota Teknologi Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -674406.805 (Jun. 2023 ) + -21043.384 (Sep. 2023 ) + -1471640.974 (Dec. 2023 ) + -323629.908 (Mar. 2024 ) = Rp-2,490,721 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.
PT Elang Mahkota Teknologi Tbk (ISX:EMTK) 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, PT Elang Mahkota Teknologi Tbk has a Sloan Ratio of 5.23%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Elang Mahkota Teknologi Tbk Sloan Ratio % Related Terms
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PT Elang Mahkota Teknologi Tbk (ISX:EMTK) Business Description
PT Elang Mahkota Teknologi Tbk is an Indonesian integrated group involved in four business divisions, Media, Solutions, Healthcare, and Others. Media, representing Free-to-Air of television broadcasting under the 4 television channels, Healthcare, representing a wide range of medical services. Its Solutions division offers infrastructure and services in information, communication services, the telecommunication industry, banking, and retail payment. The others represent connectivity including internet service provision, pay-TV service, and wireless broadband service. It derives maximum revenue from the Media segment.
PT Elang Mahkota Teknologi Tbk (ISX:EMTK) Headlines
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