GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Networks International Holdings Ltd (OTCPK:CNWHF) » Definitions » Sloan Ratio %

China Networks International Holdings (China Networks International Holdings) Sloan Ratio % : 0.00% (As of Dec. 2018)


View and export this data going back to 2007. Start your Free Trial

What is China Networks International Holdings 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.

China Networks International Holdings's Sloan Ratio for the quarter that ended in Dec. 2018 was 0.00%.

As of Dec. 2018, China Networks International Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


China Networks International Holdings Sloan Ratio % Historical Data

The historical data trend for China Networks International Holdings'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.

China Networks International Holdings Sloan Ratio % Chart

China Networks International Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.89 - - - -

China Networks International Holdings Semi-Annual Data
Jun07 Jun08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.89 - - - -

Competitive Comparison of China Networks International Holdings's Sloan Ratio %

For the Shell Companies subindustry, China Networks International Holdings'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.


China Networks International Holdings's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, China Networks International Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where China Networks International Holdings's Sloan Ratio % falls into.



China Networks International Holdings 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.

China Networks International Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2018 )-Cash Flow from Operations (A: Dec. 2018 )
-Cash Flow from Investing (A: Dec. 2018 ))/Total Assets (A: Dec. 2018 )
=(-0.053--0.053
-0)/0.018
=0.00%

China Networks International Holdings's Sloan Ratio for the quarter that ended in Dec. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2018 )
=(-0.053--0.053
-0)/0.018
=0.00%

For company reported annually, GuruFocus uses latest annual data as the TTM data. China Networks International Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2018 was $-0.05 Mil.
China Networks International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2018 was $-0.05 Mil.
China Networks International Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2018 was $0.00 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.


China Networks International Holdings  (OTCPK:CNWHF) 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 Dec. 2018, China Networks International Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


China Networks International Holdings Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of China Networks International Holdings's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


China Networks International Holdings (China Networks International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
6A Jian Guo Men Wai Avenue, 801, 29th Floor, Block C, Central International Trade Center, Chao Yang District, Beijing, CHN
Website
China Networks International Holdings Ltd is a shell company.
Executives
Kerry Propper director, 10 percent owner CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075

China Networks International Holdings (China Networks International Holdings) Headlines

No Headlines