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.
New Asia Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.
As of Dec. 2023, New Asia Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
New Asia Holdings Sloan Ratio % Historical Data
The historical data trend for New Asia 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.
Competitive Comparison of New Asia Holdings's Sloan Ratio %
For the Software - Application subindustry, New Asia 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.
New Asia Holdings's Sloan Ratio % Distribution in the Software Industry
For the Software industry and Technology sector, New Asia Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where New Asia Holdings's Sloan Ratio % falls into.
New Asia 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.
New Asia Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
New Asia Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -0.057 (Mar. 2023 ) + -0.045 (Jun. 2023 ) + -0.037 (Sep. 2023 ) + -0.049 (Dec. 2023 ) = $-0.19 Mil.
New Asia Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.005 (Mar. 2023 ) + -0.031 (Jun. 2023 ) + -0.016 (Sep. 2023 ) + -0.038 (Dec. 2023 ) = $-0.09 Mil.
New Asia Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = $0.00 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.
New Asia Holdings (OTCPK:NAHD) 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, New Asia Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
New Asia Holdings Sloan Ratio % Related Terms
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New Asia Holdings (New Asia Holdings) Business Description
New Asia Holdings Inc is engaged in developing and deploying its proprietary, neural trading models for the financial community. It offers trading software solutions to clients on the basis of a software-as-a-service (SaaS) licensing and delivery models with licensed users availing of service-based contractual arrangements. The company's products capitalize the large volume of the 24 hour Forex markets to achieve capital appreciation over a medium- to long-term basis, combined with the usage of a good wealth vehicle designed to control risk, profit from both bull or bear markets, and maximize liquidity and economic resilience.
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