What is Grand Pacific Petrochemical 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.
As of Mar. 2024, Grand Pacific Petrochemical has a Sloan Ratio of 5.33%, indicating the company is in the safe zone and there is no funny business with accruals.
Grand Pacific Petrochemical 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 Grand Pacific Petrochemical's Sloan Ratio %
For the Chemicals subindustry, Grand Pacific Petrochemical'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.
Grand Pacific Petrochemical's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Grand Pacific Petrochemical's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Grand Pacific Petrochemical's Sloan Ratio % falls into.
Grand Pacific Petrochemical 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.
Grand Pacific Petrochemical's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -686.11 (Jun. 2023 ) + -203.77 (Sep. 2023 ) + -410.305 (Dec. 2023 ) + -484.212 (Mar. 2024 ) = NT$-1,784 Mil.
Grand Pacific Petrochemical's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -203.672 (Jun. 2023 ) + -165.673 (Sep. 2023 ) + 354.217 (Dec. 2023 ) + -1259.086 (Mar. 2024 ) = NT$-1,274 Mil.
Grand Pacific Petrochemical's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 188.702 (Jun. 2023 ) + -2791.912 (Sep. 2023 ) + -450.946 (Dec. 2023 ) + -822.638 (Mar. 2024 ) = NT$-3,877 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.
Grand Pacific Petrochemical (TPE:1312) 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, Grand Pacific Petrochemical has a Sloan Ratio of 5.33%, indicating the company is in the safe zone and there is no funny business with accruals.
Grand Pacific Petrochemical Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Grand Pacific Petrochemical's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Grand Pacific Petrochemical (TPE:1312) Business Description
Grand Pacific Petrochemical Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm makes its products from petroleum. The company sells polystyrene resins, which are used in the production of rubber and plastics, including food containers and plastic credit cards. It also sells thermoplastic resins, which are used to produce automobile interior parts, luggage, computer monitors, modems, and scanners. The company also sells styrene-acrylonitrile resins, which are used to produce battery components, disposable lighters, electric fan blades, and air conditioner parts.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TPE:1312 has been successfully added to your 