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Aerospace CH UAV Co (SZSE:002389) Sloan Ratio % : -0.61% (As of Sep. 2024)


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What is Aerospace CH UAV 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.

Aerospace CH UAV Co's Sloan Ratio for the quarter that ended in Sep. 2024 was -0.61%.

As of Sep. 2024, Aerospace CH UAV Co has a Sloan Ratio of -0.61%, indicating the company is in the safe zone and there is no funny business with accruals.


Aerospace CH UAV Co Sloan Ratio % Historical Data

The historical data trend for Aerospace CH UAV 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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Aerospace CH UAV Co Sloan Ratio % Chart

Aerospace CH UAV Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.36 0.38 -0.04 5.02 -0.96

Aerospace CH UAV Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.24 -0.96 1.50 3.63 -0.61

Competitive Comparison of Aerospace CH UAV Co's Sloan Ratio %

For the Aerospace & Defense subindustry, Aerospace CH UAV 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.


Aerospace CH UAV Co's Sloan Ratio % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aerospace CH UAV Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Aerospace CH UAV Co's Sloan Ratio % falls into.



Aerospace CH UAV 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.

Aerospace CH UAV Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(153.467-388.329
--133.205)/10638.537
=-0.96%

Aerospace CH UAV Co's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(17.763-536.323
--456.725)/10117.87
=-0.61%

Aerospace CH UAV Co's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 11.598 (Dec. 2023 ) + 2.551 (Mar. 2024 ) + 63.46 (Jun. 2024 ) + -59.846 (Sep. 2024 ) = ¥18 Mil.
Aerospace CH UAV Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 969.112 (Dec. 2023 ) + -324.205 (Mar. 2024 ) + -105.998 (Jun. 2024 ) + -2.586 (Sep. 2024 ) = ¥536 Mil.
Aerospace CH UAV Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -150.023 (Dec. 2023 ) + -175.207 (Mar. 2024 ) + -121.044 (Jun. 2024 ) + -10.451 (Sep. 2024 ) = ¥-457 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.


Aerospace CH UAV Co  (SZSE:002389) 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 Sep. 2024, Aerospace CH UAV Co has a Sloan Ratio of -0.61%, indicating the company is in the safe zone and there is no funny business with accruals.


Aerospace CH UAV Co Sloan Ratio % Related Terms

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Aerospace CH UAV Co Business Description

Traded in Other Exchanges
N/A
Address
388 Boulevard Development Zone, Taizhou, CHN, 318000
Aerospace CH UAV Co Ltd is engaged in the development, design, production, maintenance and sales of aviation, spacecraft and equipment, film for capacitors, optical grade polyester film, solar battery back film, packaging film, capacitor manufacturing, sales, aviation, spacecraft and equipment technical consulting services, equipment leasing, computer software design, research and development, installation, commissioning and technical services.
Executives
Qin Yong Ming Director
Shao Yi Xing Executives
Zhang Quan Supervisors
Zhang Li Song Supervisors
Li Feng Director
Huang Guo Jiang Director
Hu Xiao Feng Director
Du Zhi Xi Directors, executives
Hu Mei Xiao Directors, executives
Hong Wei Supervisors
Wang Yun Yan Supervisors
Feng Xiao Yu Director
Feng Hai Bin Supervisors

Aerospace CH UAV Co Headlines

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