What is Hygeia Healthcare Holdings Co 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.
* 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 Hygeia Healthcare Holdings Co's Sloan Ratio %
For the Medical Care Facilities subindustry, Hygeia Healthcare Holdings Co'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.
Hygeia Healthcare Holdings Co's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Hygeia Healthcare Holdings Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Hygeia Healthcare Holdings Co's Sloan Ratio % falls into.
Hygeia Healthcare Holdings Co 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.
Hygeia Healthcare Holdings Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 381.501 (Dec. 2023 ) + 414.007 (Jun. 2024 ) = HK$796 Mil.
Hygeia Healthcare Holdings Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 473.289 (Dec. 2023 ) + 377.64 (Jun. 2024 ) = HK$851 Mil.
Hygeia Healthcare Holdings Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -2237.86 (Dec. 2023 ) + -669.353 (Jun. 2024 ) = HK$-2,907 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.
Hygeia Healthcare Holdings Co (HKSE:06078) 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 Jun. 2024, Hygeia Healthcare Holdings Co has a Sloan Ratio of 24.07%, indicating earnings are more likely to be made up of accruals.
Hygeia Healthcare Holdings Co Sloan Ratio % Related Terms
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Hygeia Healthcare Holdings Co Business Description
Hygeia Healthcare Holdings Co Ltd is an oncology healthcare group in China. The company operates in two segments, namely Hospital Business, and Other Business. The company generates revenues by operating private for-profit hospitals it owns and provides a wide range of oncology healthcare services and other healthcare services; licensing of its proprietary SRT equipment, and provision of maintenance and technical support services with its proprietary SRT equipment; and managing and operating, and receiving management fees from, private not-for-profit hospitals in which it holds organizer's interest. All of its revenues come from China.
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