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 Mar. 2026, Unigroup Guoxin Microelectronics Co has a Sloan Ratio of 7.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Unigroup Guoxin Microelectronics Co (SZSE:002049) 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 Mar. 2026, Unigroup Guoxin Microelectronics Co has a Sloan Ratio of 7.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Unigroup Guoxin Microelectronics Co Sloan Ratio % Related Terms
Unigroup Guoxin Microelectronics Co 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.
Unigroup Guoxin Microelectronics Co Sloan Ratio % Chart
SZSE:002049 vs NVDA, AVGO, MU: Sloan Ratio % Comparison
For the Semiconductors subindustry, Unigroup Guoxin Microelectronics 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.
Unigroup Guoxin Microelectronics Co Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Unigroup Guoxin Microelectronics Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Unigroup Guoxin Microelectronics Co's Sloan Ratio % falls into.
Unigroup Guoxin Microelectronics 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.
Unigroup Guoxin Microelectronics Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 572.656 (Jun. 2025 ) + 570.867 (Sep. 2025 ) + 174.324 (Dec. 2025 ) + 334.301 (Mar. 2026 ) = ¥1,652 Mil.
Unigroup Guoxin Microelectronics Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 695.078 (Jun. 2025 ) + -192.275 (Sep. 2025 ) + 481.02 (Dec. 2025 ) + -350.036 (Mar. 2026 ) = ¥634 Mil.
Unigroup Guoxin Microelectronics Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -313.977 (Jun. 2025 ) + -405.557 (Sep. 2025 ) + 390.681 (Dec. 2025 ) + -130.707 (Mar. 2026 ) = ¥-460 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.
Unigroup Guoxin Microelectronics Co (SZSE:002049) has a Sloan Ratio % of 7.76% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Unigroup Guoxin Microelectronics Co and its competitors.
Is Unigroup Guoxin Microelectronics Co's Sloan Ratio % too high?
Unigroup Guoxin Microelectronics Co's current Sloan Ratio % is 7.76%. Overall, Unigroup Guoxin Microelectronics Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Unigroup Guoxin Microelectronics Co's Sloan Ratio % compare to NVDA and AVGO?
Unigroup Guoxin Microelectronics Co's Sloan Ratio % of 7.76% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors 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 Unigroup Guoxin Microelectronics Co and its competitors. Unigroup Guoxin Microelectronics Co's current Sloan Ratio % is 7.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unigroup Guoxin Microelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Unigroup Guoxin Microelectronics Co (SZSE:002049) is currently considered Fairly Valued. The stock's GF Value™ is ¥78.36, compared to a current price of ¥83.64 — trading 6.7% above its estimated fair value. The current Sloan Ratio % is 7.76%. Unigroup Guoxin Microelectronics Co's overall GF Score™ is 93/100 with 7 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 Unigroup Guoxin Microelectronics Co (SZSE:002049), the current Sloan Ratio % is 7.76% as of Mar. 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 Unigroup Guoxin Microelectronics Co (SZSE:002049) Overvalued in 2026?
Based on GuruFocus' analysis, Unigroup Guoxin Microelectronics Co stock appears to be overvalued.
The current stock price of ¥83.64 is trading 6.7% above its estimated GF Value™ of ¥78.36.
GuruFocus considers Unigroup Guoxin Microelectronics Co to be Fairly Valued.
Key valuation signals for SZSE:002049:
Sloan Ratio %: 7.76%
GF Value™: ¥78.36 vs. price of ¥83.64 (6.7% above fair value)
No single metric tells the full story. See the SZSE:002049 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unigroup Guoxin Microelectronics Co Business Description
Unigroup Guoxin Microelectronics Co Ltd is a professional integrated circuit design company. It provides integrated circuit chips, smart card chips, terminal chips, special ICs, and crystal chips. The company operates through four segments: Management of the Headquarters handles organizational and staffing matters; Crystal Business focuses on quartz crystal frequency devices; Smart Security Chip Business covers chips for smart cards, terminals, and automotive use; and Special Integrated Circuit Business includes microprocessors, memory, and analog components.
93GF Score
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