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.
AMTD IDEA Group's Sloan Ratio for the quarter that ended in Jun. 2023 was 0.00%.
As of Jun. 2023, AMTD IDEA Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
AMTD IDEA Group Sloan Ratio % Historical Data
The historical data trend for AMTD IDEA Group'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 AMTD IDEA Group's Sloan Ratio %
For the Asset Management subindustry, AMTD IDEA 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.
AMTD IDEA Group's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, AMTD IDEA Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where AMTD IDEA Group's Sloan Ratio % falls into.
AMTD IDEA 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.
AMTD IDEA Group's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
AMTD IDEA Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 55.274 (Dec. 2022 ) + 102.982 (Jun. 2023 ) = $158.3 Mil.
AMTD IDEA Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 0 (Dec. 2022 ) + 0 (Jun. 2023 ) = $0.0 Mil.
AMTD IDEA Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was 0 (Dec. 2022 ) + 0 (Jun. 2023 ) = $0.0 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.
AMTD IDEA Group (NYSE:AMTD) 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 Jun. 2023, AMTD IDEA Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
AMTD IDEA Group Sloan Ratio % Related Terms
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AMTD IDEA Group (AMTD IDEA Group) Business Description
AMTD IDEA Group is a financial institution operating in four business segment: The capital market solutions segment assists customers in raising funds through equity and debt financing, private placements and debt issuances. The digital solutions and other services segment provides institutional and corporate clients with exclusive, paid access to enhance investor communication, investor relations and corporate communication. The fashion and luxury media advertising and marketing services segment, engages in provision of print and digital advertising campaigns, licensing, and value-added marketing services including branded content, video production, social media activation. The strategic investment segment engages in proprietary investments and management of investment portfolio.
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