What is Takasago Thermal Engineering Co 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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Takasago Thermal Engineering Co Sloan Ratio % Chart
Competitive Comparison of Takasago Thermal Engineering Co's Sloan Ratio %
For the Building Products & Equipment subindustry, Takasago Thermal Engineering 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.
Takasago Thermal Engineering Co's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Takasago Thermal Engineering Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Takasago Thermal Engineering Co's Sloan Ratio % falls into.
Takasago Thermal Engineering 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.
Takasago Thermal Engineering Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1972 (Jun. 2023 ) + 4049 (Sep. 2023 ) + 8043 (Dec. 2023 ) + 5548 (Mar. 2024 ) = 円19,612 Mil.
Takasago Thermal Engineering Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -10711 (Jun. 2023 ) + -1581 (Sep. 2023 ) + -7003 (Dec. 2023 ) + 6195 (Mar. 2024 ) = 円-13,100 Mil.
Takasago Thermal Engineering Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -632 (Jun. 2023 ) + -7446 (Sep. 2023 ) + -917 (Dec. 2023 ) + 892 (Mar. 2024 ) = 円-8,103 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.
Takasago Thermal Engineering Co (TSE:1969) 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, Takasago Thermal Engineering Co has a Sloan Ratio of 12.00%, indicating there is a warning stage of accrual build up.
Takasago Thermal Engineering Co Sloan Ratio % Related Terms
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Takasago Thermal Engineering Co (TSE:1969) Business Description
Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.
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