What is Yun Lee Marine 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.
As of Sep. 2024, Yun Lee Marine Group Holdings has a Sloan Ratio of 1.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Yun Lee Marine Group 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 Yun Lee Marine Group Holdings's Sloan Ratio %
For the Marine Shipping subindustry, Yun Lee Marine 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.
Yun Lee Marine Group Holdings's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Yun Lee Marine Group Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Yun Lee Marine Group Holdings's Sloan Ratio % falls into.
Yun Lee Marine 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Yun Lee Marine Group Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 9.421 (Mar. 2024 ) + 10.531 (Sep. 2024 ) = HK$20.0 Mil.
Yun Lee Marine Group Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 25.259 (Mar. 2024 ) + -11.99 (Sep. 2024 ) = HK$13.3 Mil.
Yun Lee Marine Group Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -12.23 (Mar. 2024 ) + 13.536 (Sep. 2024 ) = HK$1.3 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.
Yun Lee Marine Group Holdings (HKSE:02682) 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. 2024, Yun Lee Marine Group Holdings has a Sloan Ratio of 1.28%, indicating the company is in the safe zone and there is no funny business with accruals.
Yun Lee Marine Group Holdings Sloan Ratio % Related Terms
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Yun Lee Marine Group Holdings Business Description
Yun Lee Marine Group Holdings Ltd is a maritime services provider. The company's operating segment includes Vessel chartering and related services, Marine construction services and Ship management services. It generates maximum revenue from the Vessel chartering and related services segment. Vessel chartering and related services segment provide vessel chartering services mainly to contractors for construction projects in Hong Kong, including time chartering representing the hiring of vessel and crew for a specific period of time and voyage chartering representing the hiring of vessel and crew for a specific voyage between two designated locations. The Company provides ship management services for the provision of crew members for daily operation and the repair and maintenance services.
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