What is Steed Oriental (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.
As of Sep. 2024, Steed Oriental (Holdings) Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Steed Oriental (Holdings) Co Sloan Ratio % Historical Data
* 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 Steed Oriental (Holdings) Co's Sloan Ratio %
For the Lumber & Wood Production subindustry, Steed Oriental (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.
Steed Oriental (Holdings) Co's Sloan Ratio % Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Steed Oriental (Holdings) Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Steed Oriental (Holdings) Co's Sloan Ratio % falls into.
Steed Oriental (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.
Steed Oriental (Holdings) Co's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -0.64 (Jun. 2023 ) + -2.856 (Sep. 2023 ) + 0 (Mar. 2024 ) + 0 (Sep. 2024 ) = HK$-3.50 Mil.
Steed Oriental (Holdings) Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) + 0 (Sep. 2024 ) = HK$0.00 Mil.
Steed Oriental (Holdings) Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Mar. 2024 ) + 0 (Sep. 2024 ) = HK$0.00 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.
Steed Oriental (Holdings) Co (HKSE:08277) 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 Sep. 2024, Steed Oriental (Holdings) Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Steed Oriental (Holdings) Co Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Steed Oriental (Holdings) Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Steed Oriental (Holdings) Co Ltd is an investment holding company. The company is engaged in the sourcing, manufacturing, and sale of wooden products such as wooden structural components, wooden doors and windows and wooden furniture. It generates revenue from sourcing, manufacturing and sale of wooden products. Geographically, it derives a majority of its revenue from Mainland China and also has a presence in Hong Kong.
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