Huazhong In-Vehicle Holdings Co (HKSE:06830) Sloan Ratio % : 0.66% (As of Dec. 2023)

Huazhong In-Vehicle Holdings Co Sloan Ratio % Chart

Huazhong In-Vehicle Holdings Co Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Sloan Ratio %		Get a 7-Day Free Trial					0.39	1.12	0.47	-1.77	0.66

Huazhong In-Vehicle Holdings Co 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															0.44	-8.41	-2.07	4.96	0.66

Competitive Comparison of Huazhong In-Vehicle Holdings Co's Sloan Ratio %

For the Auto Parts subindustry, Huazhong In-Vehicle 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.

Huazhong In-Vehicle Holdings Co's Sloan Ratio % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huazhong In-Vehicle Holdings Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Huazhong In-Vehicle Holdings Co's Sloan Ratio % falls into.

Huazhong In-Vehicle 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.

Huazhong In-Vehicle Holdings Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Huazhong In-Vehicle Holdings Co'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. Huazhong In-Vehicle Holdings Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 16.98 (Jun. 2023 ) + 25.185 (Dec. 2023 ) = HK$42 Mil.
Huazhong In-Vehicle Holdings Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 37.547 (Jun. 2023 ) + 171.261 (Dec. 2023 ) = HK$209 Mil.
Huazhong In-Vehicle Holdings Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -40.794 (Jun. 2023 ) + -150.486 (Dec. 2023 ) = HK$-191 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.

Huazhong In-Vehicle Holdings Co  (HKSE:06830) 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, Huazhong In-Vehicle Holdings Co has a Sloan Ratio of 0.66%, indicating the company is in the safe zone and there is no funny business with accruals.

Huazhong In-Vehicle Holdings Co Sloan Ratio % Related Terms

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Huazhong In-Vehicle Holdings Co (HKSE:06830) Business Description