What is Cheetah Net Supply Chain Service 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.
When sloan ratio (-47.75)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2024, Cheetah Net Supply Chain Service has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Cheetah Net Supply Chain Service Sloan Ratio % Historical Data
* 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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Cheetah Net Supply Chain Service Sloan Ratio % Chart
Competitive Comparison of Cheetah Net Supply Chain Service's Sloan Ratio %
For the Auto & Truck Dealerships subindustry, Cheetah Net Supply Chain Service'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.
Cheetah Net Supply Chain Service's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Cheetah Net Supply Chain Service's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cheetah Net Supply Chain Service's Sloan Ratio % falls into.
Cheetah Net Supply Chain Service 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.
Cheetah Net Supply Chain Service's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 0.156 (Jun. 2023 ) + 0.123 (Sep. 2023 ) + -0.037 (Dec. 2023 ) + -0.609 (Mar. 2024 ) = $-0.37 Mil.
Cheetah Net Supply Chain Service's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0.039 (Jun. 2023 ) + -1.274 (Sep. 2023 ) + 2.738 (Dec. 2023 ) + 1.696 (Mar. 2024 ) = $3.20 Mil.
Cheetah Net Supply Chain Service's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + -0.048 (Mar. 2024 ) = $-0.05 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.
Cheetah Net Supply Chain Service (NAS:CTNT) 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, Cheetah Net Supply Chain Service has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Cheetah Net Supply Chain Service Sloan Ratio % Related Terms
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Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Business Description
6201 Fairview Road, Suite 225, Charlotte, NC, USA, 28210
Website
Cheetah Net Supply Chain Service Inc is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the China market. The parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers' official distribution systems. The company purchases automobiles, primarily luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resell them to customers, including both U.S. and PRC parallel-import car dealers. It derive profits primarily from the price difference between our buying and selling prices for parallel-import vehicles.
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