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.
Jhu Jian Catering Co's Sloan Ratio for the quarter that ended in Jun. 2024 was 1.45%.
As of Jun. 2024, Jhu Jian Catering Co has a Sloan Ratio of 1.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Jhu Jian Catering Co Sloan Ratio % Historical Data
The historical data trend for Jhu Jian Catering 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.
Competitive Comparison of Jhu Jian Catering Co's Sloan Ratio %
For the Restaurants subindustry, Jhu Jian Catering 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.
Jhu Jian Catering Co's Sloan Ratio % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Jhu Jian Catering Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Jhu Jian Catering Co's Sloan Ratio % falls into.
Jhu Jian Catering 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.
Jhu Jian Catering Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Jhu Jian Catering Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 153.775 (Dec. 2023 ) + 119.147 (Jun. 2024 ) = NT$273 Mil.
Jhu Jian Catering Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 785.981 (Dec. 2023 ) + 369.207 (Jun. 2024 ) = NT$1,155 Mil.
Jhu Jian Catering Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -498.363 (Dec. 2023 ) + -457.467 (Jun. 2024 ) = NT$-956 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.
Jhu Jian Catering Co (ROCO:7723) 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 Jun. 2024, Jhu Jian Catering Co has a Sloan Ratio of 1.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Jhu Jian Catering Co Sloan Ratio % Related Terms
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Jhu Jian Catering Co Ltd is a company that is a chain catering brand with seafood suppliers, integrating production and sales with Xinfeng Xianhui Aquatic Products to provide a fresh and high-quality seafood supply chain. they choose high-quality and complete food suppliers to provide a variety of selected ingredients that meet food safety standards, Where they combine the concept of "extracting the essence of various ingredients from hundreds of flavors to integrate the characteristics of the ingredients into soups and dishes.
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