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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.
As of . 20, Cho Lon Investment and Import Export has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Cho Lon Investment and Import Export (HSTC:CLX) 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, Cho Lon Investment and Import Export has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Cho Lon Investment and Import Export Sloan Ratio % Related Terms
Cho Lon Investment and Import Export 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.
Cho Lon Investment and Import Export Sloan Ratio % Chart
Cho Lon Investment and Import Export Annual Data
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Cho Lon Investment and Import Export Semi-Annual Data
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HSTC:CLX vs : Sloan Ratio % Comparison
For the Conglomerates subindustry, Cho Lon Investment and Import Export'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.
Cho Lon Investment and Import Export Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Cho Lon Investment and Import Export's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cho Lon Investment and Import Export's Sloan Ratio % falls into.
Cho Lon Investment and Import Export 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.
* 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.
Cho Lon Investment and Import Export (HSTC:CLX) 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 Cho Lon Investment and Import Export and its competitors.
Is Cho Lon Investment and Import Export's Sloan Ratio % too high?
Cho Lon Investment and Import Export's current Sloan Ratio % is 0.00%. Overall, Cho Lon Investment and Import Export has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Cho Lon Investment and Import Export's Sloan Ratio % compare to ?
Cho Lon Investment and Import Export's Sloan Ratio % of 0.00% can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Sloan Ratio % depends on the Conglomerates 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 Cho Lon Investment and Import Export and its competitors. Cho Lon Investment and Import Export'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 Cho Lon Investment and Import Export stock overvalued right now?
Cho Lon Investment and Import Export (HSTC:CLX) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Cho Lon Investment and Import Export's overall GF Score™ is 23/100. 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 Cho Lon Investment and Import Export (HSTC:CLX), 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.
Cho Lon Investment and Import Export Corp is an investment holding company. The company is engaged in the development and expansion of industrial park infrastructure and production, processing, and distribution of food, agricultural, and aquatic products for export, and others.
23GF Score
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