What is Shenzhen Jasic 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.
* 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 Shenzhen Jasic Technology Co's Sloan Ratio %
For the Tools & Accessories subindustry, Shenzhen Jasic 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 Jasic Technology Co's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shenzhen Jasic Technology Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shenzhen Jasic Technology Co's Sloan Ratio % falls into.
Shenzhen Jasic 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.
Shenzhen Jasic Technology Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2025 was 82.858 (Jun. 2024 ) + 47.453 (Sep. 2024 ) + 74.986 (Dec. 2024 ) + 47.378 (Mar. 2025 ) = ¥253 Mil.
Shenzhen Jasic Technology Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2025 was 111.438 (Jun. 2024 ) + 35.571 (Sep. 2024 ) + 123.961 (Dec. 2024 ) + -23.148 (Mar. 2025 ) = ¥248 Mil.
Shenzhen Jasic Technology Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2025 was -42.865 (Jun. 2024 ) + -32.37 (Sep. 2024 ) + -723.415 (Dec. 2024 ) + -173.492 (Mar. 2025 ) = ¥-972 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.
Shenzhen Jasic Technology Co (SZSE:300193) 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. 2025, Shenzhen Jasic Technology Co has a Sloan Ratio of 31.73%, indicating there is a warning stage of accrual build up.
Shenzhen Jasic Technology Co Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Shenzhen Jasic Technology Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shenzhen Jasic Technology Co Ltd is a manufacturer of inverter welding machines in China. It offers a range of products that include manual arc welding (MMA), argon-arc welding (TIG), argon-arc welding with pulse mode (TIG P), Argon-arc welding with direct and alternating current (TIG AC / DC), semi-automatic welding (MIG / MAG), Air-plasma cutting (CUT), and Automatic submerged arc welding (SAW).
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:300193 has been successfully added to your 