Sunny Optical Technology (Group) Co (LTS:0Z4I) Sloan Ratio % : -0.15% (As of Dec. 2023)

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What is Sunny Optical 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.

Sunny Optical Technology (Group) Co's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.15%.

As of Dec. 2023, Sunny Optical Technology (Group) Co has a Sloan Ratio of -0.15%, indicating the company is in the safe zone and there is no funny business with accruals.

Sunny Optical Technology (Group) Co Sloan Ratio % Historical Data

The historical data trend for Sunny Optical 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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Sunny Optical Technology (Group) Co Sloan Ratio % Chart

Sunny Optical Technology (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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9.40

10.41

2.35

-2.64

-0.15

Sunny Optical Technology (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															2.28	-1.81	-2.58	-1.97	-0.15

Competitive Comparison of Sunny Optical Technology (Group) Co's Sloan Ratio %

For the Electronic Components subindustry, Sunny Optical 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.

Sunny Optical Technology (Group) Co's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Sunny Optical Technology (Group) Co's Sloan Ratio % falls into.

Sunny Optical 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.

Sunny Optical 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 )
	=	(1202.517	-	2914.344
	-	-1627.391)	/	55013.88
	=	-0.15%

Sunny Optical Technology (Group) Co's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(1202.517	-	2914.346
	-	-1627.393)	/	55013.88
	=	-0.15%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Sunny Optical Technology (Group) Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 477.669 (Jun. 2023 ) + 724.848 (Dec. 2023 ) = HK$1,203 Mil.
Sunny Optical Technology (Group) Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 1152.453 (Jun. 2023 ) + 1761.893 (Dec. 2023 ) = HK$2,914 Mil.
Sunny Optical Technology (Group) Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1509.171 (Jun. 2023 ) + -118.222 (Dec. 2023 ) = HK$-1,627 Mil.

Sunny Optical Technology (Group) Co (LTS:0Z4I) 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 Dec. 2023, Sunny Optical Technology (Group) Co has a Sloan Ratio of -0.15%, indicating the company is in the safe zone and there is no funny business with accruals.

Sunny Optical Technology (Group) Co Sloan Ratio % Related Terms

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Sunny Optical Technology (Group) Co (LTS:0Z4I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunny Optical Technology (Group) Co Ltd (LTS:0Z4I) » Definitions » Sloan Ratio %

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SOTGY:USA SNPTF:USA 02382:Hong Kong SXC:Germany

Address

No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400

Website

https://www.sunnyoptical.com

Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.

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