China Smarter Energy Group Holdings (HKSE:01004) Sloan Ratio % : -9.03% (As of Jun. 2023)

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What is China Smarter Energy Group 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.

China Smarter Energy Group Holdings's Sloan Ratio for the quarter that ended in Jun. 2023 was -9.03%.

As of Jun. 2023, China Smarter Energy Group Holdings has a Sloan Ratio of -9.03%, indicating the company is in the safe zone and there is no funny business with accruals.

China Smarter Energy Group Holdings Sloan Ratio % Historical Data

The historical data trend for China Smarter Energy Group Holdings'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.

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China Smarter Energy Group Holdings Sloan Ratio % Chart

China Smarter Energy Group Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Sloan Ratio %

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5.48

-8.38

-20.93

-51.75

-8.55

China Smarter Energy Group Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Sloan Ratio %	Get a 7-Day Free Trial															-44.71	-51.75	-30.74	-8.55	-9.03

Competitive Comparison of China Smarter Energy Group Holdings's Sloan Ratio %

For the Capital Markets subindustry, China Smarter Energy Group 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.

China Smarter Energy Group Holdings's Sloan Ratio % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Smarter Energy Group Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where China Smarter Energy Group Holdings's Sloan Ratio % falls into.

China Smarter Energy Group 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.

China Smarter Energy Group Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(-94.744	-	106.528
	-	-17.095)	/	2153.787
	=	-8.55%

China Smarter Energy Group Holdings's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Jun. 2023 )
	=	(-138.022	-	63.386
	-	-16.157)	/	2052.175
	=	-9.03%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. China Smarter Energy Group Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -47.423 (Dec. 2022 ) + -90.599 (Jun. 2023 ) = HK$-138.0 Mil.
China Smarter Energy Group Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 100.204 (Dec. 2022 ) + -36.818 (Jun. 2023 ) = HK$63.4 Mil.
China Smarter Energy Group Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -17.118 (Dec. 2022 ) + 0.961 (Jun. 2023 ) = HK$-16.2 Mil.

China Smarter Energy Group Holdings (HKSE:01004) 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. 2023, China Smarter Energy Group Holdings has a Sloan Ratio of -9.03%, indicating the company is in the safe zone and there is no funny business with accruals.

China Smarter Energy Group Holdings Sloan Ratio % Related Terms

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China Smarter Energy Group Holdings (HKSE:01004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Smarter Energy Group Holdings Ltd (HKSE:01004) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

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Address

No. 23 Harbour Road, Room 2609, 26th Floor, Great Eagle Centre, Wan Chai, Hong Kong, HKG

Website

https://www.cse1004.com

China Smarter Energy Group Holdings Ltd is an investment holding company. It operates in four segments: Clean energy, Trading in securities, Investment, and Trading of bulk commodities. The Clean energy segment is into the Sale of electricity. The Trading of bulk commodities segment comprises the trading of solid, liquid, and gaseous fuels and other related products and the trading of bulk commodities derivatives. The trading in securities and Investment segments comprises the trading of listed securities and dividend income from listed and unlisted equity investments. Its geographical segments are China, Hong Kong, and Singapore. The company generates majority of revenue from clean energy segment and geographically it generates revenue from china.

Executives

Industrial Bank Co Ltd Hong Kong Branch	2501 Other
Ho Kwok Leung Glen (in The Capacity As A Receiver)	2501 Other
Lai Kar Yan (in The Capacity As A Receiver)	2501 Other
Central Huijin Investment Ltd.	2305 Beneficiary of a trust
China Construction Bank Corporation	2305 Beneficiary of a trust
China Shandong Hi-speed Capital Limited	2201 Interest of corporation controlled by you
China Shandong Hi-speed Financial Group Limited	2201 Interest of corporation controlled by you
Safe Castle Limited	2101 Beneficial owner
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Da Chang Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Yu Kai Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Min Sheng Tou Zi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Wang Leilei	2201 Interest of corporation controlled by you
Rationale (holdings) Investment Limited	2201 Interest of corporation controlled by you
Li Qinggao	2201 Interest of corporation controlled by you

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