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. 2024, GDH Guangnan (Holdings) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
GDH Guangnan (Holdings) 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.
Competitive Comparison of GDH Guangnan (Holdings)'s Sloan Ratio %
For the Farm Products subindustry, GDH Guangnan (Holdings)'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.
GDH Guangnan (Holdings)'s Sloan Ratio % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, GDH Guangnan (Holdings)'s Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where GDH Guangnan (Holdings)'s Sloan Ratio % falls into.
GDH Guangnan (Holdings) 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.
GDH Guangnan (Holdings)'s Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
GDH Guangnan (Holdings)'s Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 4.667 (Sep. 2023 ) + -3.78 (Dec. 2023 ) + 1.135 (Mar. 2024 ) + 5.719 (Jun. 2024 ) = €8 Mil.
GDH Guangnan (Holdings)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) = €0 Mil.
GDH Guangnan (Holdings)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) = €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.
GDH Guangnan (Holdings) (STU:GUJB) 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. 2024, GDH Guangnan (Holdings) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
GDH Guangnan (Holdings) Sloan Ratio % Related Terms
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GDH Guangnan (Holdings) Ltd is an investment holding company engaged in the distribution and trading of fresh and live foodstuffs, provision of slaughtering service, manufacturing and sales of tinplate products, and property leasing. It operates through three business segments. The Tinplating segment is engaged in the production and sales of tinplates and related products, which are used as packaging materials for food processing manufacturers. The Fresh and Live Foodstuffs segment is engaged in the distribution, purchasing, and sales of fresh and live foodstuffs. The Property Leasing segment is engaged in the leasing of office and industrial premises to generate rental income. It is also involved in the operation of pig farming and the distribution of live pigs.
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