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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.
Ningbo Marine Co's Sloan Ratio for the quarter that ended in Jun. 2026 was -7.31%.
As of Jun. 2026, Ningbo Marine Co has a Sloan Ratio of -7.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Ningbo Marine Co (SHSE:600798) 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, Ningbo Marine Co has a Sloan Ratio of -7.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Ningbo Marine Co Sloan Ratio % Related Terms
Ningbo Marine Co Sloan Ratio % Historical Data
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The historical data trend for Ningbo Marine 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.
Ningbo Marine Co Sloan Ratio % Competitor Comparison
For the Marine Shipping subindustry, Ningbo Marine 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.
Ningbo Marine Co Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Ningbo Marine Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ningbo Marine Co's Sloan Ratio % falls into.
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.
Ningbo Marine Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Ningbo Marine Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 7.68728099 (Sep. 2025 ) + 58.94960307 (Dec. 2025 ) + -8.27842676 (Mar. 2026 ) + -1.11719695 (Jun. 2026 ) = ¥57 Mil.
Ningbo Marine Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 201.61118427 (Sep. 2025 ) + 195.54381078 (Dec. 2025 ) + 69.94190872 (Mar. 2026 ) + 108.81412116 (Jun. 2026 ) = ¥576 Mil.
Ningbo Marine Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -13.16527303 (Sep. 2025 ) + -16.85644255 (Dec. 2025 ) + -1.95317227 (Mar. 2026 ) + -0.17274966 (Jun. 2026 ) = ¥-32 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.
Ningbo Marine Co (SHSE:600798) has a Sloan Ratio % of -7.31% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ningbo Marine Co and its competitors.
Is Ningbo Marine Co's Sloan Ratio % too high?
Ningbo Marine Co's current Sloan Ratio % is -7.31%. Overall, Ningbo Marine Co has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Marine Co's Sloan Ratio % compare to competitors?
Ningbo Marine Co's Sloan Ratio % of -7.31% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Ningbo Marine Co and its competitors. Ningbo Marine Co's current Sloan Ratio % is -7.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Marine Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Marine Co (SHSE:600798) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.46, compared to a current price of ¥3.50 — trading 21.5% below its estimated fair value. The current Sloan Ratio % is -7.31%. Ningbo Marine Co's overall GF Score™ is 60/100 with 4 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 Ningbo Marine Co (SHSE:600798), the current Sloan Ratio % is -7.31% 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 Ningbo Marine Co (SHSE:600798) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Marine Co stock appears to be undervalued.
The current stock price of ¥3.50 is trading 21.5% below its estimated GF Value™ of ¥4.46.
GuruFocus considers Ningbo Marine Co to be Modestly Undervalued.
Key valuation signals for SHSE:600798:
Sloan Ratio %: -7.31%
GF Value™: ¥4.46 vs. price of ¥3.50 (21.5% below fair value)
No single metric tells the full story. See the SHSE:600798 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Marine Co Ltd is a China-based company mainly engaged in the transportation of goods on China's coastal Yangtze River, as well as international ocean shipping and investing in transportation infrastructure and transportation service facilities. Its activities include transportation service facilities; import and export of self-operated and agent goods and technologies, except for goods and technologies that are restricted or prohibited by the state; apply for training, examinations, provide related activities such as manning for domestic sailing ships, and others.
60GF Score
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