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.
As of Dec. 2024, GrandTech Cloud Services has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
GrandTech Cloud Services 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.
Competitive Comparison of GrandTech Cloud Services's Sloan Ratio %
For the Software - Infrastructure subindustry, GrandTech Cloud Services'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.
GrandTech Cloud Services's Sloan Ratio % Distribution in the Software Industry
For the Software industry and Technology sector, GrandTech Cloud Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where GrandTech Cloud Services's Sloan Ratio % falls into.
GrandTech Cloud Services 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.
GrandTech Cloud Services's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
GrandTech Cloud Services's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 24.21 (Dec. 2023 ) + 0 (Jun. 2024 ) + 27.174 (Sep. 2024 ) + 23.923 (Dec. 2024 ) = NT$75.3 Mil.
GrandTech Cloud Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 27.975 (Dec. 2023 ) + 0 (Jun. 2024 ) + -6.147 (Sep. 2024 ) + 36.237 (Dec. 2024 ) = NT$58.1 Mil.
GrandTech Cloud Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -0.204 (Dec. 2023 ) + 0 (Jun. 2024 ) + 0.053 (Sep. 2024 ) + 0.186 (Dec. 2024 ) = NT$0.0 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.
GrandTech Cloud Services (ROCO:7747) 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. 2024, GrandTech Cloud Services has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
GrandTech Cloud Services Sloan Ratio % Related Terms
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GrandTech Cloud Services Inc is a company that is involved in professional software and hardware marketing and has a customer base in the games, animation, and creative industries. It has overseas bases in Hong Kong, Malaysia, Singapore, Indonesia and Japan. It provides a full range of cloud consulting and operation services to help enterprises create greater business value. It also provides FinOps multi-country cross-cloud integrated accounting systems.
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