What is Goodbaby 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.
As of Dec. 2023, Goodbaby International Holdings has a Sloan Ratio of -6.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Goodbaby International Holdings 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.
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Goodbaby International Holdings Sloan Ratio % Chart
Competitive Comparison of Goodbaby International Holdings's Sloan Ratio %
For the Leisure subindustry, Goodbaby 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.
Goodbaby International Holdings's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Goodbaby International Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Goodbaby International Holdings's Sloan Ratio % falls into.
Goodbaby 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Goodbaby International Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 25.012 (Jun. 2023 ) + 178.484 (Dec. 2023 ) = HK$203 Mil.
Goodbaby International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 505.215 (Jun. 2023 ) + 717.698 (Dec. 2023 ) = HK$1,223 Mil.
Goodbaby International Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -131.752 (Jun. 2023 ) + -129.469 (Dec. 2023 ) = HK$-261 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.
Goodbaby International Holdings (HKSE:01086) 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, Goodbaby International Holdings has a Sloan Ratio of -6.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Goodbaby International Holdings Sloan Ratio % Related Terms
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Goodbaby International Holdings (HKSE:01086) Business Description
Goodbaby International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of products for children. The company has four reportable segments namely Strollers and accessories, Car seats and accessories, Non-durable products, and Others. It derives maximum revenue from the Strollers and accessories segment. Geographically, it generates the majority of its revenue from Mainland China and also has a presence in European, North America, and Other Countries. The company's own-branded products, which contribute the majority of company revenue, include Evenflo, Cybex, and Happy Dino.
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