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.
Keemo Fashion Group's Sloan Ratio for the quarter that ended in Jan. 2025 was 0.00%.
As of Jan. 2025, Keemo Fashion Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Keemo Fashion Group Sloan Ratio % Historical Data
The historical data trend for Keemo Fashion Group'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.
Competitive Comparison of Keemo Fashion Group's Sloan Ratio %
For the Apparel Retail subindustry, Keemo Fashion Group'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.
Keemo Fashion Group's Sloan Ratio % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Keemo Fashion Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Keemo Fashion Group'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.
Keemo Fashion Group's Sloan Ratio for the fiscal year that ended in Jul. 2024 is calculated as
Keemo Fashion Group's Net Income for the trailing twelve months (TTM) ended in Jan. 2025 was -0.004 (Apr. 2024 ) + -0.01 (Jul. 2024 ) + -0.008 (Oct. 2024 ) + -0.01 (Jan. 2025 ) = $-0.03 Mil.
Keemo Fashion Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2025 was 0.013 (Apr. 2024 ) + -0.006 (Jul. 2024 ) + -0.001 (Oct. 2024 ) + 0.004 (Jan. 2025 ) = $0.01 Mil.
Keemo Fashion Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2025 was 0 (Apr. 2024 ) + 0 (Jul. 2024 ) + 0 (Oct. 2024 ) + 0 (Jan. 2025 ) = $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.
Keemo Fashion Group (OTCPK:KMFG) 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 Jan. 2025, Keemo Fashion Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Keemo Fashion Group Sloan Ratio % Related Terms
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Keemo Fashion Group Ltd is a company that operates in the apparel and garment trade industry by wholesaling men's and women's apparel to retailers in Asian countries. The Company has focused its efforts on attracting small to medium apparel and garment retailers by wholesaling low to mid-range apparel and garments. It sources mid-priced women's semi-formal apparel, which the company believes potentially has a higher gross profit margin compared to low-priced apparel. The company has two geographical segment namely the United States and Non-United States, and one operating segment apparel and garment trading business.
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