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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 Huarong Energy Co (FRA:XYTA) 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 Jun. 2024, China Huarong Energy Co has a Sloan Ratio of -30.17%, indicating earnings are more likely to be made up of accruals.
China Huarong Energy Co Sloan Ratio % Related Terms
China Huarong Energy Co 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.
FRA:XYTA vs COP, EOG, OXY: Sloan Ratio % Comparison
For the Oil & Gas E&P subindustry, China Huarong Energy 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.
China Huarong Energy Co Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China Huarong Energy Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where China Huarong Energy Co'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.
China Huarong Energy Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
China Huarong Energy Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -10.479 (Dec. 2023 ) + -44.21 (Jun. 2024 ) = €-54.69 Mil.
China Huarong Energy Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 1.383 (Dec. 2023 ) + -0.145 (Jun. 2024 ) = €1.24 Mil.
China Huarong Energy Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -0.882 (Dec. 2023 ) + -0.136 (Jun. 2024 ) = €-1.02 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 Huarong Energy Co (FRA:XYTA) has a Sloan Ratio % of -30.17% as of Jun. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on China Huarong Energy Co and its competitors.
Is China Huarong Energy Co's Sloan Ratio % too high?
China Huarong Energy Co's current Sloan Ratio % is -30.17%.
How does China Huarong Energy Co's Sloan Ratio % compare to COP and EOG?
China Huarong Energy Co's Sloan Ratio % of -30.17% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on China Huarong Energy Co and its competitors. China Huarong Energy Co's current Sloan Ratio % is -30.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Huarong Energy Co stock overvalued right now?
China Huarong Energy Co (FRA:XYTA) has a current Sloan Ratio % of -30.17%. The current Sloan Ratio % is -30.17%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For China Huarong Energy Co (FRA:XYTA), the current Sloan Ratio % is -30.17% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.
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