Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Puhui Wealth Investment Management Co (OTCPK:PHCFF) 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 Dec. 2021, Puhui Wealth Investment Management Co has a Sloan Ratio of -42.21%, indicating earnings are more likely to be made up of accruals.
Puhui Wealth Investment Management Co Sloan Ratio % Related Terms
Puhui Wealth Investment Management Co 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.
Puhui Wealth Investment Management Co Sloan Ratio % Chart
PHCFF vs FXBY, TLGN, FOMC: Sloan Ratio % Comparison
For the Asset Management subindustry, Puhui Wealth Investment Management 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.
Puhui Wealth Investment Management Co Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Puhui Wealth Investment Management Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Puhui Wealth Investment Management Co's Sloan Ratio % falls into.
Puhui Wealth Investment Management 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.
* 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.
Puhui Wealth Investment Management Co (PHCFF) has a Sloan Ratio % of -42.21% as of Dec. 2021. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Puhui Wealth Investment Management Co and its competitors.
Is Puhui Wealth Investment Management Co's Sloan Ratio % too high?
Puhui Wealth Investment Management Co's current Sloan Ratio % is -42.21%. Overall, Puhui Wealth Investment Management Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Puhui Wealth Investment Management Co's Sloan Ratio % compare to FXBY and TLGN?
Puhui Wealth Investment Management Co's Sloan Ratio % of -42.21% can be compared against companies in the Asset Management 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 an Asset Management company?
A good Sloan Ratio % depends on the Asset Management 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 Puhui Wealth Investment Management Co and its competitors. Puhui Wealth Investment Management Co's current Sloan Ratio % is -42.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Puhui Wealth Investment Management Co stock overvalued right now?
Puhui Wealth Investment Management Co (PHCFF) has a current Sloan Ratio % of -42.21%. The current Sloan Ratio % is -42.21%. Puhui Wealth Investment Management Co's overall GF Score™ is 12/100. 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 Puhui Wealth Investment Management Co (PHCFF), the current Sloan Ratio % is -42.21% as of Dec. 2021. 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.
Puhui Wealth Investment Management Co Ltd is a third-party wealth management service provider. The company is focused on the marketing of financial products, and managing funds for individuals and corporate clients. It generates its revenue from the commissions and recurring service fees generated through wealth management product-related services.
12GF Score
Get the complete analysis for PHCFF
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHCFF has been successfully added to your 
