What is China Anchu Energy Storage Group 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 Dec. 2023, China Anchu Energy Storage Group has a Sloan Ratio of 6.69%, indicating the company is in the safe zone and there is no funny business with accruals.
China Anchu Energy Storage 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.
* Premium members only.
China Anchu Energy Storage Group Sloan Ratio % Chart
Competitive Comparison of China Anchu Energy Storage Group's Sloan Ratio %
For the Apparel Manufacturing subindustry, China Anchu Energy Storage 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.
China Anchu Energy Storage Group's Sloan Ratio % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Anchu Energy Storage Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where China Anchu Energy Storage Group's Sloan Ratio % falls into.
China Anchu Energy Storage 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
China Anchu Energy Storage Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -43.799 (Jun. 2023 ) + -13.368 (Dec. 2023 ) = HK$-57.2 Mil.
China Anchu Energy Storage Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -42.244 (Jun. 2023 ) + -100.207 (Dec. 2023 ) = HK$-142.5 Mil.
China Anchu Energy Storage Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -12.073 (Jun. 2023 ) + -28.949 (Dec. 2023 ) = HK$-41.0 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.
China Anchu Energy Storage Group (HKSE:02399) 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 Dec. 2023, China Anchu Energy Storage Group has a Sloan Ratio of 6.69%, indicating the company is in the safe zone and there is no funny business with accruals.
China Anchu Energy Storage Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of China Anchu Energy Storage Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Anchu Energy Storage Group (HKSE:02399) Business Description
China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02399 has been successfully added to your 