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YTO International Express and Supply Chain Technology (HKSE:06123) Sloan Ratio % : 10.40% (As of Dec. 2023)


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What is YTO International Express and Supply Chain Technology 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.

YTO International Express and Supply Chain Technology's Sloan Ratio for the quarter that ended in Dec. 2023 was 10.40%.

As of Dec. 2023, YTO International Express and Supply Chain Technology has a Sloan Ratio of 10.40%, indicating there is a warning stage of accrual build up.


YTO International Express and Supply Chain Technology Sloan Ratio % Historical Data

The historical data trend for YTO International Express and Supply Chain Technology's Sloan Ratio % can be seen below:

* 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.

YTO International Express and Supply Chain Technology Sloan Ratio % Chart

YTO International Express and Supply Chain Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.09 -5.61 5.18 -17.89 10.40

YTO International Express and Supply Chain Technology Semi-Annual Data
Jun14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.18 -4.57 -17.89 -17.43 10.40

Competitive Comparison of YTO International Express and Supply Chain Technology's Sloan Ratio %

For the Integrated Freight & Logistics subindustry, YTO International Express and Supply Chain Technology'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.


YTO International Express and Supply Chain Technology's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO International Express and Supply Chain Technology's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where YTO International Express and Supply Chain Technology's Sloan Ratio % falls into.



YTO International Express and Supply Chain Technology 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.

YTO International Express and Supply Chain Technology's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(96.775--245.88
-115.186)/2186.584
=10.40%

YTO International Express and Supply Chain Technology's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(96.775--245.88
-115.186)/2186.584
=10.40%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. YTO International Express and Supply Chain Technology's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 107.592 (Jun. 2023 ) + -10.817 (Dec. 2023 ) = HK$97 Mil.
YTO International Express and Supply Chain Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 71.454 (Jun. 2023 ) + -317.334 (Dec. 2023 ) = HK$-246 Mil.
YTO International Express and Supply Chain Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 119.682 (Jun. 2023 ) + -4.496 (Dec. 2023 ) = HK$115 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.


YTO International Express and Supply Chain Technology  (HKSE:06123) 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, YTO International Express and Supply Chain Technology has a Sloan Ratio of 10.40%, indicating there is a warning stage of accrual build up.


YTO International Express and Supply Chain Technology Sloan Ratio % Related Terms

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YTO International Express and Supply Chain Technology (HKSE:06123) Business Description

Traded in Other Exchanges
N/A
Address
39 Wang Kwong Road, Suite 2208, 22nd Floor, Office Tower, Skyline Tower, Kowloon Bay, Hong Kong, HKG
YTO International Express and Supply Chain Technology Ltd is an investment holding company. It is engaged in the provision of freight and logistics services and other related services. The company's operating segment includes Air freight; Ocean freight; Logistics; International express and parcel and Others. It generates maximum revenue from the Airfreight segment. The Airfreight segment is related to freight forwarding by air. Geographically, it derives a majority of its revenue from PRC.
Executives
Yu Huijiao
Zhang Xiaojuan
Yto Global Holdings Limited
Yuan Tong Su Di Gu Fen You Xian Gong Si
Shang Hai Yuan Tong Jiao Long Tou Zi Fa Zhan Ji Tuan You Xian Gong Si

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