What is ShenZhen YUTO Packaging Technology 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, ShenZhen YUTO Packaging Technology Co has a Sloan Ratio of 0.59%, indicating the company is in the safe zone and there is no funny business with accruals.
ShenZhen YUTO Packaging Technology 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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ShenZhen YUTO Packaging Technology Co Sloan Ratio % Chart
Competitive Comparison of ShenZhen YUTO Packaging Technology Co's Sloan Ratio %
For the Packaging & Containers subindustry, ShenZhen YUTO Packaging Technology 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.
ShenZhen YUTO Packaging Technology Co's Sloan Ratio % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, ShenZhen YUTO Packaging Technology Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ShenZhen YUTO Packaging Technology Co's Sloan Ratio % falls into.
ShenZhen YUTO Packaging Technology 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.
* 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.
ShenZhen YUTO Packaging Technology Co (SZSE:002831) 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, ShenZhen YUTO Packaging Technology Co has a Sloan Ratio of 0.59%, indicating the company is in the safe zone and there is no funny business with accruals.
ShenZhen YUTO Packaging Technology Co Sloan Ratio % Related Terms
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ShenZhen YUTO Packaging Technology Co (SZSE:002831) Business Description
ShenZhen YUTO Packaging Technology Co Ltd provides printing and packaging solutions. The company specializes in consumer electronics, health, tobacco, cosmetics, food and other industries. It provides products and solutions, including color boxes, gift boxes, brochures, stickers, cartons, paper holders and intelligent packaging, environmental packaging, functional packaging, while providing creative design, innovative research and development, integrated manufacturing, automation large-scale production, multi-regional operation and the nearest fast delivery and other professional services.
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