What is Sunshine 100 China 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, Sunshine 100 China Holdings has a Sloan Ratio of -6.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Sunshine 100 China 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.
Competitive Comparison of Sunshine 100 China Holdings's Sloan Ratio %
For the Real Estate - Development subindustry, Sunshine 100 China 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.
Sunshine 100 China Holdings's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Sunshine 100 China Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sunshine 100 China Holdings's Sloan Ratio % falls into.
Sunshine 100 China 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.
Sunshine 100 China Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -1205.06 (Jun. 2023 ) + -2060.747 (Dec. 2023 ) = HK$-3,266 Mil.
Sunshine 100 China Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 32.455 (Jun. 2023 ) + 398.786 (Dec. 2023 ) = HK$431 Mil.
Sunshine 100 China Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 154.86 (Jun. 2023 ) + 8.15 (Dec. 2023 ) = HK$163 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.
Sunshine 100 China Holdings (HKSE:02608) 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, Sunshine 100 China Holdings has a Sloan Ratio of -6.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Sunshine 100 China Holdings Sloan Ratio % Related Terms
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Sunshine 100 China Holdings (HKSE:02608) Business Description
Sunshine 100 China Holdings Ltd engages in property and land development, property investment, and property management & hotel operation in China. The group generates revenue through property sales, property management and hotel operation income, and rental income. The property and land development business earns sales from residential and commercial properties and constructs projects in multiple Chinese cities. A majority of the company's revenue is derived from the mixed-use business complexes segment. Nearly all the company's revenue comes from its customers in the People's Republic of China.
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