Luyuan Group Holding (Cayman) (HKSE:02451) Sloan Ratio % : 5.07% (As of Dec. 2023)

Luyuan Group Holding (Cayman) Sloan Ratio % Chart

Competitive Comparison of Luyuan Group Holding (Cayman)'s Sloan Ratio %

For the Auto Manufacturers subindustry, Luyuan Group Holding (Cayman)'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.

Luyuan Group Holding (Cayman)'s Sloan Ratio % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Luyuan Group Holding (Cayman)'s Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Luyuan Group Holding (Cayman)'s Sloan Ratio % falls into.

Luyuan Group Holding (Cayman) 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.

Luyuan Group Holding (Cayman)'s Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Luyuan Group Holding (Cayman)'s Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

For company reported annually, GuruFocus uses latest annual data as the TTM data. Luyuan Group Holding (Cayman)'s Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$159 Mil.
Luyuan Group Holding (Cayman)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was HK$285 Mil.
Luyuan Group Holding (Cayman)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-340 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.

Luyuan Group Holding (Cayman)  (HKSE:02451) 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 Dec. 2023, Luyuan Group Holding (Cayman) has a Sloan Ratio of 5.07%, indicating the company is in the safe zone and there is no funny business with accruals.

Luyuan Group Holding (Cayman) Sloan Ratio % Related Terms

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Luyuan Group Holding (Cayman) (HKSE:02451) Business Description