Hytera Communications (SZSE:002583) Sloan Ratio % : -4.56% (As of Mar. 2024)

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What is Hytera Communications 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.

Hytera Communications's Sloan Ratio for the quarter that ended in Mar. 2024 was -4.56%.

As of Mar. 2024, Hytera Communications has a Sloan Ratio of -4.56%, indicating the company is in the safe zone and there is no funny business with accruals.

Hytera Communications Sloan Ratio % Historical Data

The historical data trend for Hytera Communications'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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Hytera Communications Sloan Ratio % Chart

Hytera Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-1.43

-14.11

-9.65

-6.79

-6.36

Hytera Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-7.38	-6.37	-1.05	-6.36	-4.56

Competitive Comparison of Hytera Communications's Sloan Ratio %

For the Communication Equipment subindustry, Hytera Communications'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.

Hytera Communications's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hytera Communications's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Hytera Communications's Sloan Ratio % falls into.

Hytera Communications 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.

Hytera Communications'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 )
	=	(-387.856	-	685.853
	-	-321.758)	/	11820.098
	=	-6.36%

Hytera Communications's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(-219.268	-	627.318
	-	-303.873)	/	11907.583
	=	-4.56%

Hytera Communications's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 133.73 (Jun. 2023 ) + 70.1 (Sep. 2023 ) + -535.361 (Dec. 2023 ) + 112.263 (Mar. 2024 ) = ¥-219 Mil.
Hytera Communications's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 31.747 (Jun. 2023 ) + 122.708 (Sep. 2023 ) + 451.451 (Dec. 2023 ) + 21.412 (Mar. 2024 ) = ¥627 Mil.
Hytera Communications's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -75.125 (Jun. 2023 ) + -94.925 (Sep. 2023 ) + -80.549 (Dec. 2023 ) + -53.274 (Mar. 2024 ) = ¥-304 Mil.

Hytera Communications (SZSE:002583) 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. 2024, Hytera Communications has a Sloan Ratio of -4.56%, indicating the company is in the safe zone and there is no funny business with accruals.

Hytera Communications Sloan Ratio % Related Terms

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Hytera Communications (SZSE:002583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hytera Communications Corp Ltd (SZSE:002583) » Definitions » Sloan Ratio %

Traded in Other Exchanges

N/A

Address

North Ring Road, No. 9108 Hytera Building, Shenzhen Hi-Tech Industrial Park North, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.hytera.com

Hytera Communications Corp Ltd designs & manufactures professional wireless communications equipment, offering customized communication solutions to government, utility, enterprises & businesses to help achieve higher organizational efficiency.

Executives

Jiang Ye Lin	Directors, executives
Zhu De You	Supervisors
Peng Jian Feng	Director
Chen Qing Zhou	Director
Wu Mei	Directors, executives
Tian Zhi Yong	Securities Affairs Representative
Deng Feng	Supervisors
Zhang Ju	Directors, Directors, and Executives
Li Shao Qian	Independent director
Zhang Yu Cheng	Supervisors
Tan Xue Zhi	Director
Ceng Hua	Directors, executives
Wang Zhuo	Supervisors
Fu Dong Hui	Supervisors
Zhang Yong	Securities Affairs Representative

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