What is Global Education Communities 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.
As of Aug. 2024, Global Education Communities has a Sloan Ratio of 5.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Global Education Communities 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.
Competitive Comparison of Global Education Communities's Sloan Ratio %
For the Education & Training Services subindustry, Global Education Communities'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.
Global Education Communities's Sloan Ratio % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Global Education Communities's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Global Education Communities's Sloan Ratio % falls into.
Global Education Communities 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.
Global Education Communities's Net Income for the trailing twelve months (TTM) ended in Aug. 2024 was 2.592 (Nov. 2023 ) + -0.727 (Feb. 2024 ) + 0.184 (May. 2024 ) + -1.265 (Aug. 2024 ) = $0.78 Mil.
Global Education Communities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2024 was -0.897 (Nov. 2023 ) + -4.177 (Feb. 2024 ) + 1.387 (May. 2024 ) + -0.443 (Aug. 2024 ) = $-4.13 Mil.
Global Education Communities's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2024 was 8.564 (Nov. 2023 ) + -16.54 (Feb. 2024 ) + -2.917 (May. 2024 ) + -4.636 (Aug. 2024 ) = $-15.53 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.
Global Education Communities (OTCPK:GECSF) 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 Aug. 2024, Global Education Communities has a Sloan Ratio of 5.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Global Education Communities Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Global Education Communities's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Education Communities Corp is an educational and student-housing real estate company. Its business operations include education, media communications, revenue-producing properties, and real estate development. The company currently has five main business units, namely Sprott Shaw College Corp. (SSCC), Sprott Shaw Language College (SSLC), including Vancouver International College (VIC), CIBT School of Business & Technology (CIBT), IRIX Design Group Inc. (IRIX) and Global Education City Holdings Inc. (GECH). The majority of the company's revenue is generated from its Sprott Shaw College Corp. (SSCC) unit.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GECSF has been successfully added to your 