HKTVY (Hong Kong Technology Venture Co) Sloan Ratio % : -8.19% (As of Jun. 2024)

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What is Hong Kong Technology Venture 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.

Hong Kong Technology Venture Co's Sloan Ratio for the quarter that ended in Jun. 2024 was -8.19%.

As of Jun. 2024, Hong Kong Technology Venture Co has a Sloan Ratio of -8.19%, indicating the company is in the safe zone and there is no funny business with accruals.

Hong Kong Technology Venture Co Sloan Ratio % Historical Data

The historical data trend for Hong Kong Technology Venture Co'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.

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Hong Kong Technology Venture Co Sloan Ratio % Chart

Hong Kong Technology Venture Co Annual Data

Trend

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-6.56

-18.85

4.78

-2.06

4.08

Hong Kong Technology Venture Co Semi-Annual Data
	Aug14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Sloan Ratio %	Get a 7-Day Free Trial															3.57	-2.08	-3.81	4.07	-8.19

Competitive Comparison of Hong Kong Technology Venture Co's Sloan Ratio %

For the Internet Retail subindustry, Hong Kong Technology Venture 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.

Hong Kong Technology Venture Co's Sloan Ratio % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hong Kong Technology Venture Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Hong Kong Technology Venture Co's Sloan Ratio % falls into.

Hong Kong Technology Venture 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.

Hong Kong Technology Venture Co'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 )
	=	(5.803	-	46.95
	-	-59.216)	/	443.261
	=	4.08%

Hong Kong Technology Venture Co's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Jun. 2024 )
	=	(-3.95	-	52.841
	-	-20.448)	/	443.806
	=	-8.19%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Hong Kong Technology Venture Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -0.432 (Dec. 2023 ) + -3.518 (Jun. 2024 ) = $-4.0 Mil.
Hong Kong Technology Venture Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 30.236 (Dec. 2023 ) + 22.605 (Jun. 2024 ) = $52.8 Mil.
Hong Kong Technology Venture Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -41.703 (Dec. 2023 ) + 21.255 (Jun. 2024 ) = $-20.4 Mil.

Hong Kong Technology Venture Co (OTCPK:HKTVY) 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 Jun. 2024, Hong Kong Technology Venture Co has a Sloan Ratio of -8.19%, indicating the company is in the safe zone and there is no funny business with accruals.

Hong Kong Technology Venture Co Sloan Ratio % Related Terms

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Hong Kong Technology Venture Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hong Kong Technology Venture Co Ltd (OTCPK:HKTVY) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

01137:Hong Kong XHN1:Germany

Address

No. 1 Chun Cheong Street, HKTV Multimedia and Ecommerce Centre, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.hktvmall.com

Hong Kong Technology Venture Co Ltd is included in the business of Ecommerce business which cover end-to end online shopping platform operation (including fulfillment and logistics), multimedia production and other related services; and New venture projects performing research and development activities on technologies, and operating business by adopting the technologies globally; and research, development and provision of technology solutions as a service including end-to-end digital retailing and retail store automation. The company has two reporting segments: Hong Kong Ecommerce business and New Ventures and Technology business, out of which Hong Kong Ecommerce business derives maximum revenue.