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. 2024, Red Star Macalline Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Red Star Macalline Group 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 Red Star Macalline Group's Sloan Ratio %
For the Real Estate Services subindustry, Red Star Macalline Group'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.
Red Star Macalline Group's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Red Star Macalline Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Red Star Macalline Group's Sloan Ratio % falls into.
Red Star Macalline Group 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.
Red Star Macalline Group's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Red Star Macalline Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -42.688 (Jun. 2023 ) + -738.797 (Sep. 2023 ) + -2025.882 (Dec. 2023 ) + -403.569 (Mar. 2024 ) = HK$-3,211 Mil.
Red Star Macalline Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 751.125 (Sep. 2023 ) + -442.775 (Dec. 2023 ) + -197.353 (Mar. 2024 ) = HK$111 Mil.
Red Star Macalline Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 548.868 (Jun. 2023 ) + -212.895 (Sep. 2023 ) + 180.868 (Dec. 2023 ) + -511.475 (Mar. 2024 ) = HK$5 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.
Red Star Macalline Group (HKSE:01528) 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. 2024, Red Star Macalline Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Red Star Macalline Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Red Star Macalline Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Red Star Macalline Group (HKSE:01528) Business Description
Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments.Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them. Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand. The Construction and design segment provides building installation and decorating services in shopping malls. Sales of merchandise and related services segment include retail sales of home furnishing merchandise and providing related decorating services. All of its revenues are derived from the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01528 has been successfully added to your 