What is Saudi Research And Media Group 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.
* 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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Saudi Research And Media Group Sloan Ratio % Chart
Competitive Comparison of Saudi Research And Media Group's Sloan Ratio %
For the Publishing subindustry, Saudi Research And Media Group'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.
Saudi Research And Media Group's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Saudi Research And Media Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Saudi Research And Media Group's Sloan Ratio % falls into.
Saudi Research And Media Group 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.
Saudi Research And Media Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 181.612 (Jun. 2023 ) + 248.958 (Sep. 2023 ) + 8.076 (Dec. 2023 ) + 86.868 (Mar. 2024 ) = ﷼526 Mil.
Saudi Research And Media Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -133.336 (Jun. 2023 ) + -485.942 (Sep. 2023 ) + 407.821 (Dec. 2023 ) + 1040.611 (Mar. 2024 ) = ﷼829 Mil.
Saudi Research And Media Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 372.391 (Jun. 2023 ) + 117.796 (Sep. 2023 ) + -93.015 (Dec. 2023 ) + -30.084 (Mar. 2024 ) = ﷼367 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.
Saudi Research And Media Group (SAU:4210) 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, Saudi Research And Media Group has a Sloan Ratio of -10.09%, indicating there is a warning stage of accrual build up.
Saudi Research And Media Group Sloan Ratio % Related Terms
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Saudi Research And Media Group (SAU:4210) Business Description
Saudi Research And Media Group is an integrated publishing group based in Saudi Arabia, engaged in trading, media, advertising, promotions, distribution, printing and publishing, and public relations. It operates mainly in the Middle East, Europe, and North Africa. The company has four operating segments; Publishing, visual, and digital content segment, the Public relations and advertising segment, the Printing and packaging segment, and All other segments. The company derives a majority of its revenue from the Publishing, visual and digital content segment.
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