What is Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co 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.
* 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.
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Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co Sloan Ratio % Chart
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co Annual Data
* 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.
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co's Sloan Ratio % Distribution in the Banks Industry
Zhejiang Shaoxing RuiFeng Rural Commercial Bank 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.
* 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.
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co (SHSE:601528) 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, Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co has a Sloan Ratio of 3.77%, indicating the company is in the safe zone and there is no funny business with accruals.
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co Sloan Ratio % Related Terms
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Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co Business Description
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co Ltd operates as a bank. Its services include short-term, medium-term and long-term loans, agent collection and payment and insurance agency business, safe deposit box services, foreign exchange settlement and sales approved by the foreign exchange administration.
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