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Eyebright Medical Technology (Beijing) Co (SHSE:688050) Sloan Ratio % : 15.29% (As of Mar. 2025)


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What is Eyebright Medical Technology (Beijing) 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.

Eyebright Medical Technology (Beijing) Co's Sloan Ratio for the quarter that ended in Mar. 2025 was 15.29%.

As of Mar. 2025, Eyebright Medical Technology (Beijing) Co has a Sloan Ratio of 15.29%, indicating there is a warning stage of accrual build up.


Eyebright Medical Technology (Beijing) Co Sloan Ratio % Historical Data

The historical data trend for Eyebright Medical Technology (Beijing) 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.

* Premium members only.

Eyebright Medical Technology (Beijing) Co Sloan Ratio % Chart

Eyebright Medical Technology (Beijing) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only 34.18 18.19 12.94 1.92 18.71

Eyebright Medical Technology (Beijing) Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.36 6.52 22.32 18.71 15.29

Competitive Comparison of Eyebright Medical Technology (Beijing) Co's Sloan Ratio %

For the Medical Instruments & Supplies subindustry, Eyebright Medical Technology (Beijing) 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.


Eyebright Medical Technology (Beijing) Co's Sloan Ratio % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Eyebright Medical Technology (Beijing) Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Eyebright Medical Technology (Beijing) Co's Sloan Ratio % falls into.


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Eyebright Medical Technology (Beijing) 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.

Eyebright Medical Technology (Beijing) Co's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2024 )-Cash Flow from Operations (A: Dec. 2024 )
-Cash Flow from Investing (A: Dec. 2024 ))/Total Assets (A: Dec. 2024 )
=(388.403-347.754
--613.765)/3496.968
=18.71%

Eyebright Medical Technology (Beijing) Co's Sloan Ratio for the quarter that ended in Mar. 2025 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2025 )
=(378.058-369.3
--532.078)/3536.076
=15.29%

Eyebright Medical Technology (Beijing) Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2025 was 105.137 (Jun. 2024 ) + 109.552 (Sep. 2024 ) + 70.811 (Dec. 2024 ) + 92.558 (Mar. 2025 ) = ¥378 Mil.
Eyebright Medical Technology (Beijing) Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2025 was 67.967 (Jun. 2024 ) + 95.139 (Sep. 2024 ) + 130.694 (Dec. 2024 ) + 75.5 (Mar. 2025 ) = ¥369 Mil.
Eyebright Medical Technology (Beijing) Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2025 was -103.555 (Jun. 2024 ) + -308.35 (Sep. 2024 ) + -16.633 (Dec. 2024 ) + -103.54 (Mar. 2025 ) = ¥-532 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.


Eyebright Medical Technology (Beijing) Co  (SHSE:688050) 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.

According to How to Beat the Market with the Sloan Ratio:

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 Mar. 2025, Eyebright Medical Technology (Beijing) Co has a Sloan Ratio of 15.29%, indicating there is a warning stage of accrual build up.


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Eyebright Medical Technology (Beijing) Co Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Xingchang Road, Science and Technology Park, Changping District, Beijing, CHN, 102200
Eyebright Medical Technology (Beijing) Co Ltd is engaged in research and development, production, sales and related services of ophthalmic medical devices. The company's product range includes Intraocular Lens; IOL Delivery System; Ophthalmic Instruments; Other Products; Literature; and Expert Interview.
Executives
Jia Bao Shan senior management
Wang Zhao Directors, senior managers, core technical personnel
Jie Jiang Bing Directors, senior managers, core technical personnel

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