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Zhejiang Juli Culture Development Co (SZSE:002247) Sloan Ratio % : 36.93% (As of Mar. 2025)


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What is Zhejiang Juli Culture Development 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.

Zhejiang Juli Culture Development Co's Sloan Ratio for the quarter that ended in Mar. 2025 was 36.93%.

Warning Sign:

When sloan ratio (40.22)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Mar. 2025, Zhejiang Juli Culture Development Co has a Sloan Ratio of 36.93%, indicating earnings are more likely to be made up of accruals.


Zhejiang Juli Culture Development Co Sloan Ratio % Historical Data

The historical data trend for Zhejiang Juli Culture Development 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.

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Zhejiang Juli Culture Development Co Sloan Ratio % Chart

Zhejiang Juli Culture Development Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.15 7.22 -16.77 -35.77 40.22

Zhejiang Juli Culture Development 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 -32.67 30.79 36.71 40.22 36.93

Competitive Comparison of Zhejiang Juli Culture Development Co's Sloan Ratio %

For the Building Products & Equipment subindustry, Zhejiang Juli Culture Development 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.


Zhejiang Juli Culture Development Co's Sloan Ratio % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Juli Culture Development Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Zhejiang Juli Culture Development Co's Sloan Ratio % falls into.


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Zhejiang Juli Culture Development 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.

Zhejiang Juli Culture Development 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 )
=(218.001-66.919
--223.097)/930.315
=40.22%

Zhejiang Juli Culture Development 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 )
=(229.43-99.95
--205.125)/905.971
=36.93%

Zhejiang Juli Culture Development Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2025 was 228.746 (Jun. 2024 ) + -1.314 (Sep. 2024 ) + -2.53 (Dec. 2024 ) + 4.528 (Mar. 2025 ) = ¥229.4 Mil.
Zhejiang Juli Culture Development Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2025 was 32.579 (Jun. 2024 ) + 19.459 (Sep. 2024 ) + 88.557 (Dec. 2024 ) + -40.645 (Mar. 2025 ) = ¥100.0 Mil.
Zhejiang Juli Culture Development Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2025 was -126.116 (Jun. 2024 ) + -52.499 (Sep. 2024 ) + -13.805 (Dec. 2024 ) + -12.705 (Mar. 2025 ) = ¥-205.1 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.


Zhejiang Juli Culture Development Co  (SZSE:002247) 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, Zhejiang Juli Culture Development Co has a Sloan Ratio of 36.93%, indicating earnings are more likely to be made up of accruals.


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Zhejiang Juli Culture Development Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1958, District Huannan Road, Linglong Street, Linglong Industrial Zone, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311300
Zhejiang Juli Culture Development Co Ltd operates in the decorative paper industry. It is engaged in the research and development, design, production, and sales of mid-to-high-end architectural decorative veneer materials. The products of the company include melamine decorative paper (printed decorative paper and impregnated paper), high-performance decorative board (decorative paper veneer), PVC decorative materials (PVC furniture film and PVC floor film), etc., which are mainly used in flooring, furniture, kitchen and bathroom, door industry, decoration, and other fields.
Executives
Chen Zhi Jian Executives
Wang Xiao Hong Directors, executives
Zhao Jin Long Executives
Lin Hui Chun Director
Tang Fei Tao Executives
Jiang Zu Ming Executives
Jiang Fei Xiong Directors, executives
Mao Li Xin Director
Liu Yu Long Director

Zhejiang Juli Culture Development Co Headlines

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