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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.
La Hien Cement JSC's Sloan Ratio for the quarter that ended in . 20 was 0.00%.
As of . 20, La Hien Cement JSC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
La Hien Cement JSC (HSTC:CLH) 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 . 20, La Hien Cement JSC has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
La Hien Cement JSC Sloan Ratio % Related Terms
La Hien Cement JSC Sloan Ratio % Historical Data
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The historical data trend for La Hien Cement JSC'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.
La Hien Cement JSC Sloan Ratio % Chart
La Hien Cement JSC Annual Data
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La Hien Cement JSC Quarterly Data
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La Hien Cement JSC Sloan Ratio % Competitor Comparison
For the Building Materials subindustry, La Hien Cement JSC'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.
La Hien Cement JSC Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, La Hien Cement JSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where La Hien Cement JSC'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.
La Hien Cement JSC's Sloan Ratio for the fiscal year that ended in . 20 is calculated as
* 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.
La Hien Cement JSC (HSTC:CLH) has a Sloan Ratio % of 0.00% as of . 20. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on La Hien Cement JSC and its competitors.
Is La Hien Cement JSC's Sloan Ratio % too high?
La Hien Cement JSC's current Sloan Ratio % is 0.00%.
How does La Hien Cement JSC's Sloan Ratio % compare to competitors?
La Hien Cement JSC's Sloan Ratio % of 0.00% can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Building Materials company?
A good Sloan Ratio % depends on the Building Materials industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on La Hien Cement JSC and its competitors. La Hien Cement JSC's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is La Hien Cement JSC stock overvalued right now?
La Hien Cement JSC (HSTC:CLH) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For La Hien Cement JSC (HSTC:CLH), the current Sloan Ratio % is 0.00% as of . 20. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
La Hien Cement JSC is a Vietnam-based cement company. It manufactures a mixture of portland cement PCB 30, PCB 40, and commercial portland clinker. The Company's main business lines include:- Production of cement and clinker;- Limestone and clay mining.
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