World-Link Logistics (Asia) Holding (HKSE:06083) Sloan Ratio % : -9.72% (As of Dec. 2023)

World-Link Logistics (Asia) Holding Sloan Ratio % Chart

World-Link Logistics (Asia) Holding Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Sloan Ratio %		Get a 7-Day Free Trial					-20.66	-23.63	-10.42	-27.58	-9.72

World-Link Logistics (Asia) Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial														-10.42	-18.51	-27.58	-23.91	-9.72

Competitive Comparison of World-Link Logistics (Asia) Holding's Sloan Ratio %

For the Integrated Freight & Logistics subindustry, World-Link Logistics (Asia) Holding'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.

World-Link Logistics (Asia) Holding's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, World-Link Logistics (Asia) Holding's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where World-Link Logistics (Asia) Holding's Sloan Ratio % falls into.

World-Link Logistics (Asia) Holding 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.

World-Link Logistics (Asia) Holding's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

World-Link Logistics (Asia) Holding's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. World-Link Logistics (Asia) Holding's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 9.031 (Jun. 2023 ) + 10.994 (Dec. 2023 ) = HK$20.0 Mil.
World-Link Logistics (Asia) Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 25.673 (Jun. 2023 ) + 25.689 (Dec. 2023 ) = HK$51.4 Mil.
World-Link Logistics (Asia) Holding's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.704 (Jun. 2023 ) + -1.803 (Dec. 2023 ) = HK$-2.5 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.

World-Link Logistics (Asia) Holding  (HKSE:06083) 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, World-Link Logistics (Asia) Holding has a Sloan Ratio of -9.72%, indicating the company is in the safe zone and there is no funny business with accruals.

World-Link Logistics (Asia) Holding Sloan Ratio % Related Terms

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World-Link Logistics (Asia) Holding (HKSE:06083) Business Description