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Sai Silks (Kalamandir) (NSE:KALAMANDIR) Sloan Ratio % : 27.67% (As of Mar. 2024)


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What is Sai Silks (Kalamandir) 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.

Sai Silks (Kalamandir)'s Sloan Ratio for the quarter that ended in Mar. 2024 was 27.67%.

Warning Sign:

When sloan ratio (27.67)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Mar. 2024, Sai Silks (Kalamandir) has a Sloan Ratio of 27.67%, indicating earnings are more likely to be made up of accruals.


Sai Silks (Kalamandir) Sloan Ratio % Historical Data

The historical data trend for Sai Silks (Kalamandir)'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.

* Premium members only.

Sai Silks (Kalamandir) Sloan Ratio % Chart

Sai Silks (Kalamandir) Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Sloan Ratio %
-0.35 3.81 -1.09 9.55 27.67

Sai Silks (Kalamandir) Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Sloan Ratio % Get a 7-Day Free Trial - - 9.55 29.71 27.67

Competitive Comparison of Sai Silks (Kalamandir)'s Sloan Ratio %

For the Apparel Retail subindustry, Sai Silks (Kalamandir)'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.


Sai Silks (Kalamandir)'s Sloan Ratio % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sai Silks (Kalamandir)'s Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Sai Silks (Kalamandir)'s Sloan Ratio % falls into.



Sai Silks (Kalamandir) 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.

Sai Silks (Kalamandir)'s Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2024 )-Cash Flow from Operations (A: Mar. 2024 )
-Cash Flow from Investing (A: Mar. 2024 ))/Total Assets (A: Mar. 2024 )
=(1008.7--214.6
--3318.3)/16416.4
=27.67%

Sai Silks (Kalamandir)'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 )
=(1008.7--214.6
--3318.3)/16416.4
=27.67%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Sai Silks (Kalamandir)'s Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 401.49 (Sep. 2023 ) + 607.21 (Mar. 2024 ) = ₹1,009 Mil.
Sai Silks (Kalamandir)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 670.1 (Sep. 2023 ) + -884.7 (Mar. 2024 ) = ₹-215 Mil.
Sai Silks (Kalamandir)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -4935.03 (Sep. 2023 ) + 1616.73 (Mar. 2024 ) = ₹-3,318 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.


Sai Silks (Kalamandir)  (NSE:KALAMANDIR) 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, Sai Silks (Kalamandir) has a Sloan Ratio of 27.67%, indicating earnings are more likely to be made up of accruals.


Sai Silks (Kalamandir) Sloan Ratio % Related Terms

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Sai Silks (Kalamandir) (NSE:KALAMANDIR) Business Description

Traded in Other Exchanges
Address
6-3-790/8, Flat No. 1, Bathina Apartments, Ameerpet, Hyderabad, TG, IND, 500016
Sai Silks (Kalamandir) Ltd is a company who is one of the retailers of ethnic apparels. Its business activity falls within a single business which is retail of textile and textile articles. The company caters to customers in all market sectors by offering items in four formats to diverse market segments, including premium ethnic fashion, ethnic fashion for middle-class consumers, and value fashion. Lehengas, men's ethnic wear, children's ethnic wear, and value fashion products, including fusion wear and western wear for women, men, and children, are just a few of the products it offers.

Sai Silks (Kalamandir) (NSE:KALAMANDIR) Headlines

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