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Folangsi Co (HKSE:02499) Sloan Ratio % : -7.06% (As of Dec. 2023)


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What is Folangsi 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.

Folangsi Co's Sloan Ratio for the quarter that ended in Dec. 2023 was -7.06%.

As of Dec. 2023, Folangsi Co has a Sloan Ratio of -7.06%, indicating the company is in the safe zone and there is no funny business with accruals.


Folangsi Co Sloan Ratio % Historical Data

The historical data trend for Folangsi Co'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.

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Folangsi Co Sloan Ratio % Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
-11.02 -7.31 -9.79 -7.06

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Sloan Ratio % - -7.31 -9.79 -7.06

Competitive Comparison of Folangsi Co's Sloan Ratio %

For the Farm & Heavy Construction Machinery subindustry, Folangsi 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.


Folangsi Co's Sloan Ratio % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Folangsi Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Folangsi Co's Sloan Ratio % falls into.



Folangsi 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.

Folangsi Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(34.148-554.526
--277.47)/3442.965
=-7.06%

Folangsi Co's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(34.148-554.526
--277.47)/3442.965
=-7.06%

For company reported annually, GuruFocus uses latest annual data as the TTM data. Folangsi Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$34 Mil.
Folangsi Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was HK$555 Mil.
Folangsi Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-277 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.


Folangsi Co  (HKSE:02499) 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 Dec. 2023, Folangsi Co has a Sloan Ratio of -7.06%, indicating the company is in the safe zone and there is no funny business with accruals.


Folangsi Co Sloan Ratio % Related Terms

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Folangsi Co (HKSE:02499) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.
Executives
Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping 2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan 2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner

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