What is Richly Field China Development 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.
When sloan ratio (70.98)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Sep. 2023, Richly Field China Development has a Sloan Ratio of -1.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Richly Field China Development 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.
* Premium members only.
Richly Field China Development Sloan Ratio % Chart
Competitive Comparison of Richly Field China Development's Sloan Ratio %
For the Real Estate - Development subindustry, Richly Field China Development'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.
Richly Field China Development's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Richly Field China Development's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Richly Field China Development's Sloan Ratio % falls into.
Richly Field China Development 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Richly Field China Development's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -45.125 (Mar. 2023 ) + -53.531 (Sep. 2023 ) = HK$-98.66 Mil.
Richly Field China Development's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -65.702 (Mar. 2023 ) + -5.946 (Sep. 2023 ) = HK$-71.65 Mil.
Richly Field China Development's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -0.323 (Mar. 2023 ) + 0.054 (Sep. 2023 ) = HK$-0.27 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.
Richly Field China Development (HKSE:00313) 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 Sep. 2023, Richly Field China Development has a Sloan Ratio of -1.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Richly Field China Development Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Richly Field China Development's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Richly Field China Development (HKSE:00313) Business Description
Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00313 has been successfully added to your 