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Carbon-Based Technology (ROCO:7719) Sloan Ratio % : 15.64% (As of Dec. 2024)


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What is Carbon-Based Technology 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.

Carbon-Based Technology's Sloan Ratio for the quarter that ended in Dec. 2024 was 15.64%.

Warning Sign:

When sloan ratio (33.94)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Dec. 2024, Carbon-Based Technology has a Sloan Ratio of 15.64%, indicating there is a warning stage of accrual build up.


Carbon-Based Technology Sloan Ratio % Historical Data

The historical data trend for Carbon-Based Technology'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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Carbon-Based Technology Sloan Ratio % Chart

Carbon-Based Technology Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Sloan Ratio %
- -85.43 5.76 33.94 15.64

Carbon-Based Technology Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Sloan Ratio % Get a 7-Day Free Trial 5.76 -7.05 33.94 29.77 15.64

Competitive Comparison of Carbon-Based Technology's Sloan Ratio %

For the Aerospace & Defense subindustry, Carbon-Based Technology'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.


Carbon-Based Technology's Sloan Ratio % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Carbon-Based Technology's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Carbon-Based Technology's Sloan Ratio % falls into.


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Carbon-Based Technology 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.

Carbon-Based Technology's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2024 )-Cash Flow from Operations (A: Dec. 2024 )
-Cash Flow from Investing (A: Dec. 2024 ))/Total Assets (A: Dec. 2024 )
=(-70.646--84.124
--13.619)/173.202
=15.64%

Carbon-Based Technology's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2024 )
=(-70.646--84.124
--13.619)/173.202
=15.64%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Carbon-Based Technology's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -21.542 (Jun. 2024 ) + -49.104 (Dec. 2024 ) = NT$-70.65 Mil.
Carbon-Based Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -15.77 (Jun. 2024 ) + -68.354 (Dec. 2024 ) = NT$-84.12 Mil.
Carbon-Based Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -2.107 (Jun. 2024 ) + -11.512 (Dec. 2024 ) = NT$-13.62 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.


Carbon-Based Technology  (ROCO:7719) 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. 2024, Carbon-Based Technology has a Sloan Ratio of 15.64%, indicating there is a warning stage of accrual build up.


Carbon-Based Technology Sloan Ratio % Related Terms

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Carbon-Based Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Gongyequ 36th Road, Xitun District, Taichung, TWN, 407
Carbon-Based Technology Inc is mainly engaged in the research and development and manufacturing of precision composite materials and unmanned aerial vehicle bodies and systems. In addition, the high-end aviation parts manufacturing technology is used to develop the manufacturing and assembly of military large-scale UAV composite material body in an all-round way, and fully contribute to the national defense industry.

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