What is Fujikon Industrial Holdings 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 Sep. 2023, Fujikon Industrial Holdings has a Sloan Ratio of -6.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Fujikon Industrial Holdings 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 Fujikon Industrial Holdings's Sloan Ratio %
For the Consumer Electronics subindustry, Fujikon Industrial Holdings'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.
Fujikon Industrial Holdings's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Fujikon Industrial Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Fujikon Industrial Holdings's Sloan Ratio % falls into.
Fujikon Industrial Holdings 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Fujikon Industrial Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 28.837 (Mar. 2023 ) + 18.212 (Sep. 2023 ) = HK$47 Mil.
Fujikon Industrial Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 47.127 (Mar. 2023 ) + 90.409 (Sep. 2023 ) = HK$138 Mil.
Fujikon Industrial Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -5.659 (Mar. 2023 ) + -23.506 (Sep. 2023 ) = HK$-29 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.
Fujikon Industrial Holdings (HKSE:00927) 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 Sep. 2023, Fujikon Industrial Holdings has a Sloan Ratio of -6.69%, indicating the company is in the safe zone and there is no funny business with accruals.
Fujikon Industrial Holdings Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Fujikon Industrial Holdings's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fujikon Industrial Holdings (HKSE:00927) Business Description
Fujikon Industrial Holdings Ltd is engaged in the design, manufacture, marketing and trading of electro-acoustic products, accessories and other electronic products. The company operates through two segments which include Headsets and headphones and Accessories and components. The Headsets and headphones segment is involved in the manufacture and sales of headsets and headphone products. The accessories and Components segment includes the manufacture and sales of electric-acoustic accessories and components.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00927 has been successfully added to your 