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Exceed Co (Exceed Co) Sloan Ratio % : 0.00% (As of Jun. 2014)


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What is Exceed 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.

Exceed Co's Sloan Ratio for the quarter that ended in Jun. 2014 was 0.00%.

As of Jun. 2014, Exceed Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Exceed Co Sloan Ratio % Historical Data

The historical data trend for Exceed 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.

Exceed Co Sloan Ratio % Chart

Exceed Co Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Sloan Ratio %
Get a 7-Day Free Trial 27.61 -9.01 11.55 24.35 10.09

Exceed Co Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Jun14
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 13.92 9.03 15.96 10.25 -

Competitive Comparison of Exceed Co's Sloan Ratio %

For the Apparel Manufacturing subindustry, Exceed 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.


Exceed Co's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Exceed Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Exceed Co's Sloan Ratio % falls into.



Exceed 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.

Exceed Co's Sloan Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2013 )-Cash Flow from Operations (A: Dec. 2013 )
-Cash Flow from Investing (A: Dec. 2013 ))/Total Assets (A: Dec. 2013 )
=(10.855-9.321
--38.567)/397.314
=10.09%

Exceed Co's Sloan Ratio for the quarter that ended in Jun. 2014 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2014 )
=(9.18--48.299
--38.363)/405.064
=23.66%

Exceed Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2014 was 2.545 (Jun. 2013 ) + 3 (Sep. 2013 ) + 3.635 (Dec. 2013 ) + 0 (Jun. 2014 ) = $9.2 Mil.
Exceed Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was -7.08 (Jun. 2013 ) + -27.039 (Sep. 2013 ) + -14.18 (Dec. 2013 ) + 0 (Jun. 2014 ) = $-48.3 Mil.
Exceed Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2014 was -17.657 (Jun. 2013 ) + -19.895 (Sep. 2013 ) + -0.811 (Dec. 2013 ) + 0 (Jun. 2014 ) = $-38.4 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.


Exceed Co  (OTCPK:EDSFF) 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 Jun. 2014, Exceed Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


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Exceed Co (Exceed Co) Business Description

Traded in Other Exchanges
N/A
Address
79 Chatham Road South, Level 12, China Minmetals Tower, Tsim Sha Tsui, Kowloon, HKG
Exceed Co Ltd is engaged in the apparel industry. Its activities comprise of design, development, and wholesale of sporting goods, including footwear, apparel, and accessories, under its own brand. Its products include footwear, which comprises running, leisure, basketball, skateboarding, canvas, tennis, and outdoor footwear; apparel, which comprises sports tops, pants, jackets, tracksuits and coats, and accessories, which comprise bags, socks, hats, and caps.

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