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.
Joy Spreader Group's Sloan Ratio for the quarter that ended in Dec. 2024 was -122.04%.
Warning Sign:
When sloan ratio (-122.04)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2024, Joy Spreader Group has a Sloan Ratio of -122.04%, indicating earnings are more likely to be made up of accruals.
Joy Spreader Group Sloan Ratio % Historical Data
The historical data trend for Joy Spreader Group'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.
Competitive Comparison of Joy Spreader Group's Sloan Ratio %
For the Advertising Agencies subindustry, Joy Spreader Group'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.
Joy Spreader Group's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Joy Spreader Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Joy Spreader Group's Sloan Ratio % falls into.
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.
Joy Spreader Group's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Joy Spreader Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -355.202 (Jun. 2024 ) + -713.279 (Dec. 2024 ) = HK$-1,068.5 Mil.
Joy Spreader Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -36.48 (Jun. 2024 ) + -18.058 (Dec. 2024 ) = HK$-54.5 Mil.
Joy Spreader Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 1.241 (Jun. 2024 ) + -11.705 (Dec. 2024 ) = HK$-10.5 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.
Joy Spreader Group (HKSE:06988) 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 Dec. 2024, Joy Spreader Group has a Sloan Ratio of -122.04%, indicating earnings are more likely to be made up of accruals.
Joy Spreader Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Joy Spreader Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joy Spreader Group Inc is a mobile new media performance-based marketing technology company in China. The company's segments include the Provision of performance-based we-media marketing services segment which mainly comprises the provision of these marketing services to help its marketing customers direct to consumer, acquire new users and sales orders, and realize product promotion on a diverse we-media network; and the Sales of E-commerce goods segment which comprises the sales of E-commerce goods on an online basis. The Others segment comprises the provision of the culture related services. It derives maximum revenue from Sale of E-commerce goods. The company operates in Mainland China and Hong Kong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:06988 has been successfully added to your 