GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shenzhen Baixinglong Creative Packaging Co Ltd (BJSE:833075) » Definitions » Sloan Ratio %

Shenzhen Baixinglong Creative Packaging Co (BJSE:833075) Sloan Ratio % : 6.37% (As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Shenzhen Baixinglong Creative Packaging 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.

Shenzhen Baixinglong Creative Packaging Co's Sloan Ratio for the quarter that ended in Sep. 2024 was 6.37%.

As of Sep. 2024, Shenzhen Baixinglong Creative Packaging Co has a Sloan Ratio of 6.37%, indicating the company is in the safe zone and there is no funny business with accruals.


Shenzhen Baixinglong Creative Packaging Co Sloan Ratio % Historical Data

The historical data trend for Shenzhen Baixinglong Creative Packaging 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.

Shenzhen Baixinglong Creative Packaging Co Sloan Ratio % Chart

Shenzhen Baixinglong Creative Packaging 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 -7.61 11.50 12.78 5.35 1.01

Shenzhen Baixinglong Creative Packaging Co Quarterly Data
Jun19 Dec19 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 21.21 1.01 6.91 12.07 6.37

Competitive Comparison of Shenzhen Baixinglong Creative Packaging Co's Sloan Ratio %

For the Packaging & Containers subindustry, Shenzhen Baixinglong Creative Packaging 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.


Shenzhen Baixinglong Creative Packaging Co's Sloan Ratio % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shenzhen Baixinglong Creative Packaging Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Shenzhen Baixinglong Creative Packaging Co's Sloan Ratio % falls into.


;
;

Shenzhen Baixinglong Creative Packaging 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.

Shenzhen Baixinglong Creative Packaging 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 )
=(46.084-82.823
--43.662)/687.625
=1.01%

Shenzhen Baixinglong Creative Packaging 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 )
=(54.912-101.996
--87.897)/640.347
=6.37%

Shenzhen Baixinglong Creative Packaging Co's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 16.12 (Dec. 2023 ) + 13.23 (Mar. 2024 ) + 13.856 (Jun. 2024 ) + 11.706 (Sep. 2024 ) = ¥54.9 Mil.
Shenzhen Baixinglong Creative Packaging Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 51.662 (Dec. 2023 ) + -32.807 (Mar. 2024 ) + 35.492 (Jun. 2024 ) + 47.649 (Sep. 2024 ) = ¥102.0 Mil.
Shenzhen Baixinglong Creative Packaging Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 72.207 (Dec. 2023 ) + -88.756 (Mar. 2024 ) + -13.96 (Jun. 2024 ) + -57.388 (Sep. 2024 ) = ¥-87.9 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.


Shenzhen Baixinglong Creative Packaging Co  (BJSE:833075) 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, Shenzhen Baixinglong Creative Packaging Co has a Sloan Ratio of 6.37%, indicating the company is in the safe zone and there is no funny business with accruals.


Shenzhen Baixinglong Creative Packaging Co Sloan Ratio % Related Terms

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


Shenzhen Baixinglong Creative Packaging Co Business Description

Traded in Other Exchanges
N/A
Address
No. 112, Qingshuihe 1st Road, Qingshuihe Community, Qingshuihe Street, Floor 601 and Building 11, Podium Building, Luohu Investment Holding Building, Luohu District, Guangdong, Shenzhen, CHN, 518023
Shenzhen Baixinglong Creative Packaging Co Ltd engages in the production and sales of packaging for wine, cosmetics, tea, food, and other consumer goods, and provides creative design services. It provides enterprises with a series of services such as locking the target audience of customer brands, product name selection, market positioning, product core culture refinement, product brand image construction, and appearance image design.

Shenzhen Baixinglong Creative Packaging Co Headlines

No Headlines