What is Luxshare Precision Industry 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 Mar. 2024, Luxshare Precision Industry Co has a Sloan Ratio of 2.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Luxshare Precision Industry 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.
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Luxshare Precision Industry Co Sloan Ratio % Chart
Competitive Comparison of Luxshare Precision Industry Co's Sloan Ratio %
For the Electronic Components subindustry, Luxshare Precision Industry 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.
Luxshare Precision Industry Co's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Luxshare Precision Industry Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Luxshare Precision Industry Co's Sloan Ratio % falls into.
Luxshare Precision Industry 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.
Luxshare Precision Industry Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 2337.794 (Jun. 2023 ) + 3018.449 (Sep. 2023 ) + 3578.482 (Dec. 2023 ) + 2471.025 (Mar. 2024 ) = ¥11,406 Mil.
Luxshare Precision Industry Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 5201.747 (Jun. 2023 ) + -1591.995 (Sep. 2023 ) + 20383.027 (Dec. 2023 ) + -844.43 (Mar. 2024 ) = ¥23,148 Mil.
Luxshare Precision Industry Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -3725.319 (Jun. 2023 ) + -1838.902 (Sep. 2023 ) + -5082.169 (Dec. 2023 ) + -5123.228 (Mar. 2024 ) = ¥-15,770 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.
Luxshare Precision Industry Co (SZSE:002475) 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. 2024, Luxshare Precision Industry Co has a Sloan Ratio of 2.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Luxshare Precision Industry Co Sloan Ratio % Related Terms
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Luxshare Precision Industry Co (SZSE:002475) Business Description
Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of sales. The company has since expanded production into other faster-growing consumer electronic components, such as speakers, haptic, cameras, PC docks, and wireless charging modules, as well as electronic manufacturing services for Apple's Watch and AirPods. Of Luxshare's 2022 sales, 84% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication and automobile verticals. Luxshare employs over 230,000 people and has manufacturing bases in China, India, and Vietnam.
Luxshare Precision Industry Co (SZSE:002475) Headlines
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