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.
Wiseway Group's Sloan Ratio for the quarter that ended in Dec. 2024 was -5.10%.
As of Dec. 2024, Wiseway Group has a Sloan Ratio of -5.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Wiseway Group Sloan Ratio % Historical Data
The historical data trend for Wiseway 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 Wiseway Group's Sloan Ratio %
For the Integrated Freight & Logistics subindustry, Wiseway 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.
Wiseway Group's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Wiseway Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Wiseway Group's Sloan Ratio % falls into.
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.
Wiseway Group's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Wiseway Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 0.042 (Jun. 2024 ) + 0.983 (Dec. 2024 ) = A$1.0 Mil.
Wiseway Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 4.919 (Jun. 2024 ) + 2.785 (Dec. 2024 ) = A$7.7 Mil.
Wiseway Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -1.757 (Jun. 2024 ) + -0.556 (Dec. 2024 ) = A$-2.3 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.
Wiseway Group (ASX:WWG) 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. 2024, Wiseway Group has a Sloan Ratio of -5.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Wiseway Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Wiseway Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Wiseway Group Ltd operates as a freight forwarding company in Australia. It provides movement and logistics of goods by freight to cater to the needs of those interstate or overseas. Its main source of revenue is from freight forwarding services, which may include general cargo, time-sensitive perishables cargo, and domestic transport services. The dominating revenue is generated from the air freight general cargo services. Geographically, the company derives a majority of its revenue from Australia and New Zealand and the rest from China, Singapore, and the United States of America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:WWG has been successfully added to your 