What is Yangzijiang Financial Holding 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.
As of Dec. 2024, Yangzijiang Financial Holding has a Sloan Ratio of 6.56%, indicating the company is in the safe zone and there is no funny business with accruals.
Yangzijiang Financial Holding 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 Yangzijiang Financial Holding's Sloan Ratio %
For the Asset Management subindustry, Yangzijiang Financial Holding'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.
Yangzijiang Financial Holding's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Yangzijiang Financial Holding's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Yangzijiang Financial Holding's Sloan Ratio % falls into.
Yangzijiang Financial Holding 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 company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Yangzijiang Financial Holding's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 107.364 (Jun. 2024 ) + 197.265 (Dec. 2024 ) = S$304.6 Mil.
Yangzijiang Financial Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 67.605 (Jun. 2024 ) + 405.713 (Dec. 2024 ) = S$473.3 Mil.
Yangzijiang Financial Holding's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -133.739 (Jun. 2024 ) + -325.286 (Dec. 2024 ) = S$-459.0 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.
Yangzijiang Financial Holding (SGX:YF8) 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, Yangzijiang Financial Holding has a Sloan Ratio of 6.56%, indicating the company is in the safe zone and there is no funny business with accruals.
Yangzijiang Financial Holding Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Yangzijiang Financial Holding's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yangzijiang Financial Holding Business Description
Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations namely, Singapore and the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SGX:YF8 has been successfully added to your 