United Projects Co for Aviation Services KSCC (KUW:UPAC) Sloan Ratio % : 11.44% (As of Mar. 2024)

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What is United Projects Co for Aviation Services KSCC 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.

United Projects Co for Aviation Services KSCC's Sloan Ratio for the quarter that ended in Mar. 2024 was 11.44%.

As of Mar. 2024, United Projects Co for Aviation Services KSCC has a Sloan Ratio of 11.44%, indicating there is a warning stage of accrual build up.

United Projects Co for Aviation Services KSCC Sloan Ratio % Historical Data

The historical data trend for United Projects Co for Aviation Services KSCC'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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United Projects Co for Aviation Services KSCC Sloan Ratio % Chart

United Projects Co for Aviation Services KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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44.53

21.49

7.09

13.97

14.64

United Projects Co for Aviation Services KSCC 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															16.97	16.98	15.95	14.64	11.44

Competitive Comparison of United Projects Co for Aviation Services KSCC's Sloan Ratio %

For the Airports & Air Services subindustry, United Projects Co for Aviation Services KSCC'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.

United Projects Co for Aviation Services KSCC's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Projects Co for Aviation Services KSCC's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where United Projects Co for Aviation Services KSCC's Sloan Ratio % falls into.

United Projects Co for Aviation Services KSCC 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.

United Projects Co for Aviation Services KSCC'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 )
	=	(1.532	-	5.165
	-	-36.742)	/	226.08
	=	14.64%

United Projects Co for Aviation Services KSCC'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 )
	=	(1.562	-	5.141
	-	-30.263)	/	233.328
	=	11.44%

United Projects Co for Aviation Services KSCC's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -0.001 (Jun. 2023 ) + 2.945 (Sep. 2023 ) + -1.999 (Dec. 2023 ) + 0.617 (Mar. 2024 ) = KWD1.56 Mil.
United Projects Co for Aviation Services KSCC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0.264 (Jun. 2023 ) + 2.91 (Sep. 2023 ) + 1.226 (Dec. 2023 ) + 0.741 (Mar. 2024 ) = KWD5.14 Mil.
United Projects Co for Aviation Services KSCC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -6.422 (Jun. 2023 ) + -8.54 (Sep. 2023 ) + -8.444 (Dec. 2023 ) + -6.857 (Mar. 2024 ) = KWD-30.26 Mil.

United Projects Co for Aviation Services KSCC (KUW:UPAC) 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, United Projects Co for Aviation Services KSCC has a Sloan Ratio of 11.44%, indicating there is a warning stage of accrual build up.

United Projects Co for Aviation Services KSCC Sloan Ratio % Related Terms

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United Projects Co for Aviation Services KSCC (KUW:UPAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Projects Co for Aviation Services KSCC (KUW:UPAC) » Definitions » Sloan Ratio %

Traded in Other Exchanges

N/A

Address

Kuwait International Airport, Mezzanine Parking, P. O. Box 27068, Safat, Kuwait, KWT, 13131

Website

https://www.upac.com.kw

United Projects Co for Aviation Services KSCC is a Kuwait-based company. Its services include project management and consultancy, real estate development, and property and facilities management. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. The company operates in two business segments. Investments consist of investing in Reem Mall and surplus funds in investment portfolios. Service operations consist of managing projects and providing airplane ground and cleaning services among other services. The service operations segment generates maximum revenue for the company. Their projects portfolio includes Airport Mall and Facilities, Sheikh Saad Terminal, Discovery Center, and Reem Mall.

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