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.
MOBI Industry Co's Sloan Ratio for the quarter that ended in Dec. 2023 was -12.55%.
As of Dec. 2023, MOBI Industry Co has a Sloan Ratio of -12.55%, indicating there is a warning stage of accrual build up.
MOBI Industry Co Sloan Ratio % Historical Data
The historical data trend for MOBI Industry Co'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.
Competitive Comparison of MOBI Industry Co's Sloan Ratio %
For the Chemicals subindustry, MOBI Industry Co'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.
MOBI Industry Co's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, MOBI Industry Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where MOBI Industry Co's Sloan Ratio % falls into.
MOBI Industry Co 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.
MOBI Industry Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
MOBI Industry Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 17.619 (Jun. 2023 ) + 12.728 (Dec. 2023 ) = ﷼30.3 Mil.
MOBI Industry Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 13.76 (Jun. 2023 ) + 34.859 (Dec. 2023 ) = ﷼48.6 Mil.
MOBI Industry Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.157 (Jun. 2023 ) + -2.48 (Dec. 2023 ) = ﷼-2.6 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.
MOBI Industry Co (SAU:9517) 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 Dec. 2023, MOBI Industry Co has a Sloan Ratio of -12.55%, indicating there is a warning stage of accrual build up.
MOBI Industry Co Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of MOBI Industry Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
MOBI Industry Co is a Saudi Arabia based company. The company is engaged in the manufacture of soap in all forms, including (paste, liquid and dry), manufacture of industrial detergents, manufacture of fertilizers and nitrogenous compounds, manufacture of plastics in their primary forms, manufacture of washing and cleaning material and preparations.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SAU:9517 has been successfully added to your 