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, Republic Glass Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Republic Glass Holdings 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.
Competitive Comparison of Republic Glass Holdings's Sloan Ratio %
For the Asset Management subindustry, Republic Glass Holdings'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.
Republic Glass Holdings's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Republic Glass Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Republic Glass Holdings's Sloan Ratio % falls into.
Republic Glass Holdings 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.
Republic Glass Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Republic Glass Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -7.251 (Jun. 2023 ) + -19.518 (Sep. 2023 ) + 49.869 (Dec. 2023 ) + 23.157 (Mar. 2024 ) = ₱46.26 Mil.
Republic Glass Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -139.922 (Jun. 2023 ) + -83.123 (Sep. 2023 ) + 18.921 (Dec. 2023 ) + 128.143 (Mar. 2024 ) = ₱-75.98 Mil.
Republic Glass Holdings'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 ) + 62.945 (Mar. 2024 ) = ₱62.95 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.
Republic Glass Holdings (PHS:REG) 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, Republic Glass Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Republic Glass Holdings Sloan Ratio % Related Terms
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Republic Glass Holdings (PHS:REG) Business Description
Republic Glass Holdings Corp is a Philippines-based company. The company is engaged in purchasing, leasing, and selling securities of every kind of business. The operating segments of the Company are 1) Core business which relates to the company's investment activities, which involve purchasing and trading financial assets and investing in other securities and 2) Support business which relates to the company's sale of investment properties.
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