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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.
As of Mar. 2026, Cellyan Biotechnology Co has a Sloan Ratio of -9.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Cellyan Biotechnology Co (NAS:HKPD) 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. 2026, Cellyan Biotechnology Co has a Sloan Ratio of -9.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Cellyan Biotechnology Co Sloan Ratio % Related Terms
Cellyan Biotechnology 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.
HKPD vs MEDS, COSM, SNYR: Sloan Ratio % Comparison
For the Medical Distribution subindustry, Cellyan Biotechnology 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.
Cellyan Biotechnology Co Sloan Ratio % vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Cellyan Biotechnology Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cellyan Biotechnology Co's Sloan Ratio % falls into.
Cellyan Biotechnology 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.
Cellyan Biotechnology Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Cellyan Biotechnology Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 0.154 (Sep. 2025 ) + -1.29 (Mar. 2026 ) = $-1.14 Mil.
Cellyan Biotechnology Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -0.244 (Sep. 2025 ) + -0.508 (Mar. 2026 ) = $-0.75 Mil.
Cellyan Biotechnology Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.042 (Sep. 2025 ) + 0.9 (Mar. 2026 ) = $0.86 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.
Cellyan Biotechnology Co (HKPD) has a Sloan Ratio % of -9.67% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cellyan Biotechnology Co and its competitors.
Is Cellyan Biotechnology Co's Sloan Ratio % too high?
Cellyan Biotechnology Co's current Sloan Ratio % is -9.67%. Overall, Cellyan Biotechnology Co has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Cellyan Biotechnology Co's Sloan Ratio % compare to MEDS and COSM?
Cellyan Biotechnology Co's Sloan Ratio % of -9.67% can be compared against companies in the Medical Distribution 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 a Medical Distribution company?
A good Sloan Ratio % depends on the Medical Distribution 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 Cellyan Biotechnology Co and its competitors. Cellyan Biotechnology Co's current Sloan Ratio % is -9.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cellyan Biotechnology Co stock overvalued right now?
Cellyan Biotechnology Co (HKPD) has a current Sloan Ratio % of -9.67%. The current Sloan Ratio % is -9.67%. Cellyan Biotechnology Co's overall GF Score™ is 18/100 with 3 warning signs to review. 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 Cellyan Biotechnology Co (HKPD), the current Sloan Ratio % is -9.67% as of Mar. 2026. 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.
Cellyan Biotechnology Co Ltd formerly, Hong Kong Pharma Digital Technology Holdings Ltd operates in two main categories: OTC pharmaceutical cross-border e-commerce supply chain services, conducted through its Hong Kong subsidiary, Joint Cross Border, which it refers to as the Supply Chain Services division, and OTC pharmaceutical cross-border procurement and distribution, conducted through its Hong Kong subsidiary, V-Alliance, which it referred to as the Procurement and Distribution division. Based in Hong Kong, Joint Cross Border has established itself as a provider of third-party supply chain services in Mainland China's OTC pharmaceutical cross-border e-commerce market.
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