Rangdong Light Source & Vacuum Flask JSC (STC:RAL) Sloan Ratio % : 10.10% (As of Jun. 2024)

Rangdong Light Source & Vacuum Flask JSC Sloan Ratio % Chart

Rangdong Light Source & Vacuum Flask JSC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Sloan Ratio %	Get a 7-Day Free Trial															17.15	17.39	16.41	8.55	10.10

Competitive Comparison of Rangdong Light Source & Vacuum Flask JSC's Sloan Ratio %

For the Electrical Equipment & Parts subindustry, Rangdong Light Source & Vacuum Flask JSC'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.

Rangdong Light Source & Vacuum Flask JSC's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rangdong Light Source & Vacuum Flask JSC's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Rangdong Light Source & Vacuum Flask JSC's Sloan Ratio % falls into.

Rangdong Light Source & Vacuum Flask JSC 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.

Rangdong Light Source & Vacuum Flask JSC's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Rangdong Light Source & Vacuum Flask JSC's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Rangdong Light Source & Vacuum Flask JSC's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 96886.836 (Sep. 2023 ) + 194521.005 (Dec. 2023 ) + 194661.879 (Mar. 2024 ) + 137270.408 (Jun. 2024 ) = ₫623,340 Mil.
Rangdong Light Source & Vacuum Flask JSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was -12762.819 (Sep. 2023 ) + -25233 (Dec. 2023 ) + 125884.492 (Mar. 2024 ) + -200347.763 (Jun. 2024 ) = ₫-112,459 Mil.
Rangdong Light Source & Vacuum Flask JSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -48821.833 (Sep. 2023 ) + -549.503 (Dec. 2023 ) + -46685.12 (Mar. 2024 ) + -19862.34 (Jun. 2024 ) = ₫-115,919 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.

Rangdong Light Source & Vacuum Flask JSC  (STC:RAL) 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 Jun. 2024, Rangdong Light Source & Vacuum Flask JSC has a Sloan Ratio of 10.10%, indicating there is a warning stage of accrual build up.

Rangdong Light Source & Vacuum Flask JSC Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Rangdong Light Source & Vacuum Flask JSC's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

Rangdong Light Source & Vacuum Flask JSC Business Description