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Belle International Holdings (Belle International Holdings) Sloan Ratio % : -1.32% (As of Feb. 2017)


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What is Belle International Holdings 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.

Belle International Holdings's Sloan Ratio for the quarter that ended in Feb. 2017 was -1.32%.

As of Feb. 2017, Belle International Holdings has a Sloan Ratio of -1.32%, indicating the company is in the safe zone and there is no funny business with accruals.


Belle International Holdings Sloan Ratio % Historical Data

The historical data trend for Belle International Holdings'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.

* Premium members only.

Belle International Holdings Sloan Ratio % Chart

Belle International Holdings Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Feb14 Feb15 Feb16 Feb17
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.96 4.24 -0.24 -7.73 -1.36

Belle International Holdings Semi-Annual Data
Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.17 0.81 -7.53 -12.55 -1.32

Competitive Comparison of Belle International Holdings's Sloan Ratio %

For the Footwear & Accessories subindustry, Belle International 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.


Belle International Holdings's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Belle International Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Belle International Holdings's Sloan Ratio % falls into.



Belle International 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.

Belle International Holdings's Sloan Ratio for the fiscal year that ended in Feb. 2017 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2017 )-Cash Flow from Operations (A: Feb. 2017 )
-Cash Flow from Investing (A: Feb. 2017 ))/Total Assets (A: Feb. 2017 )
=(349.87-639.241
--226.57)/4621.306
=-1.36%

Belle International Holdings's Sloan Ratio for the quarter that ended in Feb. 2017 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Feb. 2017 )
=(358.325-649.287
--229.847)/4621.306
=-1.32%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Belle International Holdings's Net Income for the trailing twelve months (TTM) ended in Feb. 2017 was 260.675 (Aug. 2016 ) + 97.65 (Feb. 2017 ) = $358 Mil.
Belle International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2017 was 309.767 (Aug. 2016 ) + 339.52 (Feb. 2017 ) = $649 Mil.
Belle International Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2017 was -101.044 (Aug. 2016 ) + -128.803 (Feb. 2017 ) = $-230 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.


Belle International Holdings  (OTCPK:BELLF) 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.

According to How to Beat the Market with the Sloan Ratio:

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 Feb. 2017, Belle International Holdings has a Sloan Ratio of -1.32%, indicating the company is in the safe zone and there is no funny business with accruals.


Belle International Holdings Sloan Ratio % Related Terms

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Belle International Holdings (Belle International Holdings) Business Description

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Address
Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

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