GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Yabo Technology Co Ltd (SZSE:002323) » Definitions » Sloan Ratio %

Shandong Yabo Technology Co (SZSE:002323) Sloan Ratio % : 0.00% (As of Sep. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Shandong Yabo Technology 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.

Shandong Yabo Technology Co's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.

As of Sep. 2024, Shandong Yabo Technology Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Shandong Yabo Technology Co Sloan Ratio % Historical Data

The historical data trend for Shandong Yabo Technology 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.

* Premium members only.

Shandong Yabo Technology Co Sloan Ratio % Chart

Shandong Yabo Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.01 -2.35 -98.68 42.31 0.51

Shandong Yabo Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.16 0.51 9.94 - -

Competitive Comparison of Shandong Yabo Technology Co's Sloan Ratio %

For the Building Products & Equipment subindustry, Shandong Yabo Technology 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.


Shandong Yabo Technology Co's Sloan Ratio % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shandong Yabo Technology Co's Sloan Ratio % distribution charts can be found below:

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



Shandong Yabo Technology 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.

Shandong Yabo Technology 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 )
=(-34.318--35.757
--4.982)/1263.092
=0.51%

Shandong Yabo Technology Co's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(-89.034--143.454
-10.385)/1123.829
=3.92%

Shandong Yabo Technology Co's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -25.046 (Dec. 2023 ) + -19.807 (Mar. 2024 ) + -25.263 (Jun. 2024 ) + -18.918 (Sep. 2024 ) = ¥-89.0 Mil.
Shandong Yabo Technology Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -3.053 (Dec. 2023 ) + -50.884 (Mar. 2024 ) + -25.538 (Jun. 2024 ) + -63.979 (Sep. 2024 ) = ¥-143.5 Mil.
Shandong Yabo Technology Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -2.686 (Dec. 2023 ) + -0.929 (Mar. 2024 ) + 0 (Jun. 2024 ) + 14 (Sep. 2024 ) = ¥10.4 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.


Shandong Yabo Technology Co  (SZSE:002323) 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 Sep. 2024, Shandong Yabo Technology Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Shandong Yabo Technology Co Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Shandong Yabo Technology Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Shandong Yabo Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.17 Donghai Road, Shizhong District, Shandong Province, Zaozhuang, CHN, 200335
Shandong Yabo Technology Co Ltd is engaged in designing and development of new materials for metal roofing and wall enclosure systems. The firm's main business scope includes Metal roofing business, New energy business, and Smart building business. New energy business provides photovoltaic power station integrated energy solutions.
Executives
Huang Jin Executives
Wang Guo Hong Supervisors
Lu Yong Directors, executives
Dan Shao Fang Independent director
Zhang Jian Securities Affairs Representative
Xu Fen Supervisors
Xu Ji Hong Director

Shandong Yabo Technology Co Headlines

No Headlines