JZ (Jianzhi Education Technology Group Co) Sloan Ratio % : -169.87% (As of Jun. 2024)

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What is Jianzhi Education Technology Group 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.

Jianzhi Education Technology Group Co's Sloan Ratio for the quarter that ended in Jun. 2024 was -169.87%.

Warning Sign:

When sloan ratio (-219.86)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Jun. 2024, Jianzhi Education Technology Group Co has a Sloan Ratio of -169.87%, indicating earnings are more likely to be made up of accruals.

Jianzhi Education Technology Group Co Sloan Ratio % Historical Data

The historical data trend for Jianzhi Education Technology Group 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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Jianzhi Education Technology Group Co Sloan Ratio % Chart

Jianzhi Education Technology Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

15.56

33.93

5.25

-10.30

-219.86

Jianzhi Education Technology Group Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Sloan Ratio %	Get a 7-Day Free Trial					-	-	-	-219.76	-169.87

Competitive Comparison of Jianzhi Education Technology Group Co's Sloan Ratio %

For the Information Technology Services subindustry, Jianzhi Education Technology Group 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.

Jianzhi Education Technology Group Co's Sloan Ratio % Distribution in the Software Industry

For the Software industry and Technology sector, Jianzhi Education Technology Group Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Jianzhi Education Technology Group Co's Sloan Ratio % falls into.

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Jianzhi Education Technology Group 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.

Jianzhi Education Technology Group 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 )
	=	(-52.31	-	2.123
	-	-7.726)	/	21.244
	=	-219.86%

Jianzhi Education Technology Group 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 )
	=	(-35.878	-	4.701
	-	-5.557)	/	20.617
	=	-169.87%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Jianzhi Education Technology Group Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -39.608 (Dec. 2023 ) + 3.73 (Jun. 2024 ) = $-35.88 Mil.
Jianzhi Education Technology Group Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 3.192 (Dec. 2023 ) + 1.509 (Jun. 2024 ) = $4.70 Mil.
Jianzhi Education Technology Group Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -3.508 (Dec. 2023 ) + -2.049 (Jun. 2024 ) = $-5.56 Mil.

Jianzhi Education Technology Group Co (NAS:JZ) 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, Jianzhi Education Technology Group Co has a Sloan Ratio of -169.87%, indicating earnings are more likely to be made up of accruals.

Jianzhi Education Technology Group Co Sloan Ratio % Related Terms

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Jianzhi Education Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jianzhi Education Technology Group Co Ltd (NAS:JZ) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhichun Road, 27th Floor, Tower A, Yingdu Building, Haidian District, Beijing, CHN, 100086

Website

http://www.jianzhi-jiaoyu.com

Jianzhi Education Technology Group Co Ltd engages in developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. The company and its subsidiaries VIE and VIEs generate subscription revenue through selling subscriptions to online learning platforms, higher education institutions, and other institutional customers under a B2B2C model mainly through the platform of Sentu Academy; offering subscriptions concerning educational content in mobile video packages directly to end users under a B2C model through the platforms such as Fish Learning or Light Class, etc. It has two operating segments: Educational content services and other services and IT-related solution services.