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.
As of Jun. 2026, Kangxin New Materials Co has a Sloan Ratio of -5.68%, indicating the company is in the safe zone and there is no funny business with accruals.
Kangxin New Materials Co (SHSE:600076) 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. 2026, Kangxin New Materials Co has a Sloan Ratio of -5.68%, indicating the company is in the safe zone and there is no funny business with accruals.
Kangxin New Materials Co Sloan Ratio % Related Terms
Kangxin New Materials 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.
SHSE:600076 vs SSD, UFPI, BCC: Sloan Ratio % Comparison
For the Lumber & Wood Production subindustry, Kangxin New Materials 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.
Kangxin New Materials Co Sloan Ratio % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kangxin New Materials Co's Sloan Ratio % falls into.
Kangxin New Materials 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.
Kangxin New Materials Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Kangxin New Materials Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -55.236 (Sep. 2025 ) + -195.173 (Dec. 2025 ) + -51.889 (Mar. 2026 ) + -83.654 (Jun. 2026 ) = ¥-386.0 Mil.
Kangxin New Materials Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -39.872 (Sep. 2025 ) + -57.141 (Dec. 2025 ) + 34.634 (Mar. 2026 ) + -115.357 (Jun. 2026 ) = ¥-177.7 Mil.
Kangxin New Materials Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 138.48 (Sep. 2025 ) + -1.318 (Dec. 2025 ) + -39.96 (Mar. 2026 ) + 120.798 (Jun. 2026 ) = ¥218.0 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.
Kangxin New Materials Co (SHSE:600076) has a Sloan Ratio % of -5.68% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Kangxin New Materials Co and its competitors.
Is Kangxin New Materials Co's Sloan Ratio % too high?
Kangxin New Materials Co's current Sloan Ratio % is -5.68%. Overall, Kangxin New Materials Co has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kangxin New Materials Co's Sloan Ratio % compare to SSD and UFPI?
Kangxin New Materials Co's Sloan Ratio % of -5.68% can be compared against companies in the Forest Products 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 a Forest Products company?
A good Sloan Ratio % depends on the Forest Products 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 Kangxin New Materials Co and its competitors. Kangxin New Materials Co's current Sloan Ratio % is -5.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kangxin New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Kangxin New Materials Co (SHSE:600076) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.68, compared to a current price of ¥3.26 — trading 21.6% above its estimated fair value. The current Sloan Ratio % is -5.68%. Kangxin New Materials Co's overall GF Score™ is 49/100 with 6 warning signs to review. 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 Kangxin New Materials Co (SHSE:600076), the current Sloan Ratio % is -5.68% as of Jun. 2026. 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.
Is Kangxin New Materials Co (SHSE:600076) Overvalued in 2026?
Based on GuruFocus' analysis, Kangxin New Materials Co stock appears to be overvalued.
The current stock price of ¥3.26 is trading 21.6% above its estimated GF Value™ of ¥2.68.
GuruFocus considers Kangxin New Materials Co to be Modestly Overvalued.
Key valuation signals for SHSE:600076:
Sloan Ratio %: -5.68%
GF Value™: ¥2.68 vs. price of ¥3.26 (21.6% above fair value)
No single metric tells the full story. See the SHSE:600076 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.
49GF Score
Get the complete analysis for SHSE:600076
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
SHSE:600076 has been successfully added to your 
