What is Sanbo Hospital Management Group 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.
* 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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Sanbo Hospital Management Group Sloan Ratio % Chart
Competitive Comparison of Sanbo Hospital Management Group's Sloan Ratio %
For the Medical Care Facilities subindustry, Sanbo Hospital Management Group'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.
Sanbo Hospital Management Group's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Sanbo Hospital Management Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sanbo Hospital Management Group's Sloan Ratio % falls into.
Sanbo Hospital Management Group 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.
Sanbo Hospital Management Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 18.939 (Jun. 2023 ) + 28.657 (Sep. 2023 ) + 5.922 (Dec. 2023 ) + 33.445 (Mar. 2024 ) = ¥87 Mil.
Sanbo Hospital Management Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 35.297 (Jun. 2023 ) + 76.685 (Sep. 2023 ) + 74.643 (Dec. 2023 ) + 28.473 (Mar. 2024 ) = ¥215 Mil.
Sanbo Hospital Management Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -155.832 (Jun. 2023 ) + -647.569 (Sep. 2023 ) + -164.416 (Dec. 2023 ) + 304.412 (Mar. 2024 ) = ¥-663 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.
Sanbo Hospital Management Group (SZSE:301293) 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 Mar. 2024, Sanbo Hospital Management Group has a Sloan Ratio of 17.31%, indicating earnings are more likely to be made up of accruals.
Sanbo Hospital Management Group Sloan Ratio % Related Terms
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Sanbo Hospital Management Group (SZSE:301293) Business Description
Sanbo Hospital Management Group Ltd is a neurology medical group engaged in clinical medical services. It adheres to the vision of expertise in medicine, education, and research, advocates the coordinated development of medical treatment, teaching, and scientific research, and promotes the company's basic research and development in neurology. The company hosts/co-organizes several academic conferences, covering neurosurgery, neurology, anesthesia, nursing, etc., and actively promotes academic exchanges. The company has held more than 90 national, provincial and municipal continuing education projects and classes, and has trained nearly 6,000 people in total, to improve the diagnosis and treatment of neurologists at the grassroots level. The company operates in a chain of hospitals.
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