What is Jiangsu Zhongchao Holding 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.
As of Dec. 2024, Jiangsu Zhongchao Holding Co has a Sloan Ratio of 0.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Jiangsu Zhongchao Holding 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.
Competitive Comparison of Jiangsu Zhongchao Holding Co's Sloan Ratio %
For the Electrical Equipment & Parts subindustry, Jiangsu Zhongchao Holding 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.
Jiangsu Zhongchao Holding Co's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jiangsu Zhongchao Holding Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Jiangsu Zhongchao Holding Co's Sloan Ratio % falls into.
Jiangsu Zhongchao Holding 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.
Jiangsu Zhongchao Holding Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -26.309 (Mar. 2024 ) + 6.175 (Jun. 2024 ) + 13.316 (Sep. 2024 ) + -14.586 (Dec. 2024 ) = ¥-21 Mil.
Jiangsu Zhongchao Holding Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -223.216 (Mar. 2024 ) + 183.227 (Jun. 2024 ) + -186.98 (Sep. 2024 ) + 279.993 (Dec. 2024 ) = ¥53 Mil.
Jiangsu Zhongchao Holding Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -36.745 (Mar. 2024 ) + -6.873 (Jun. 2024 ) + -44.024 (Sep. 2024 ) + -27.141 (Dec. 2024 ) = ¥-115 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.
Jiangsu Zhongchao Holding Co (SZSE:002471) 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 Dec. 2024, Jiangsu Zhongchao Holding Co has a Sloan Ratio of 0.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Jiangsu Zhongchao Holding Co Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Jiangsu Zhongchao Holding Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiangsu Zhongchao Holding Co Ltd is engaged in the production, sales, and servicing of electric wires and cables in China. The company mainly provides power cables, electric wires, and cables for electrical equipment, bare wires, cable materials, cable connectors, magnet wires, metal materials and teapots and fittings. Through its subsidiary, the company also offers turbine cases, turbine rotors, straightening blades, diffusers, and other related products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:002471 has been successfully added to your 