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Weihai Guangwei Composites Co (SZSE:300699) Sloan Ratio % : 14.44% (As of Mar. 2024)


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What is Weihai Guangwei Composites 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.

Weihai Guangwei Composites Co's Sloan Ratio for the quarter that ended in Mar. 2024 was 14.44%.

As of Mar. 2024, Weihai Guangwei Composites Co has a Sloan Ratio of 14.44%, indicating there is a warning stage of accrual build up.


Weihai Guangwei Composites Co Sloan Ratio % Historical Data

The historical data trend for Weihai Guangwei Composites Co'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.

* Premium members only.

Weihai Guangwei Composites Co Sloan Ratio % Chart

Weihai Guangwei Composites Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.92 -4.31 2.01 23.62 15.21

Weihai Guangwei Composites Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.34 12.32 20.07 15.21 14.44

Competitive Comparison of Weihai Guangwei Composites Co's Sloan Ratio %

For the Chemicals subindustry, Weihai Guangwei Composites 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.


Weihai Guangwei Composites Co's Sloan Ratio % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Weihai Guangwei Composites Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Weihai Guangwei Composites Co's Sloan Ratio % falls into.



Weihai Guangwei Composites 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.

Weihai Guangwei Composites Co'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 )
=(873.169-534.441
--734.706)/7057.586
=15.21%

Weihai Guangwei Composites Co'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 )
=(859.036-356.874
--521.388)/7088.042
=14.44%

Weihai Guangwei Composites Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 241.843 (Jun. 2023 ) + 207.978 (Sep. 2023 ) + 251.896 (Dec. 2023 ) + 157.319 (Mar. 2024 ) = ¥859 Mil.
Weihai Guangwei Composites Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 445.495 (Jun. 2023 ) + -122.871 (Sep. 2023 ) + 302.181 (Dec. 2023 ) + -267.931 (Mar. 2024 ) = ¥357 Mil.
Weihai Guangwei Composites Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 115.128 (Jun. 2023 ) + -494.05 (Sep. 2023 ) + 29.895 (Dec. 2023 ) + -172.361 (Mar. 2024 ) = ¥-521 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.


Weihai Guangwei Composites Co  (SZSE:300699) 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, Weihai Guangwei Composites Co has a Sloan Ratio of 14.44%, indicating there is a warning stage of accrual build up.


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Weihai Guangwei Composites Co (SZSE:300699) Business Description

Traded in Other Exchanges
N/A
Address
Tianjin High Road - 130, Hi-Tech District, Shandong Province, Weihai, CHN, 264202
Weihai Guangwei Composites Co Ltd is engaged in research, development, and production of advanced composites. It offers carbon, reinforced fiber fabric, prepregs and composite products. It is also engaged in equipment manufacturing. The company's composites and products are widely applied in various industries which include wind power, shipbuilding, sports industry, transportation industry, medical apparatus and instrument, textile machinery, industrial machinery, musical equipment, photographic equipment and the building.
Executives
Lin Feng Sen Executives
Zhang Yue Yi Directors, executives
Wang Zhuang Zhi Executives
Gao Zhang Xing Executives
Lu Zhao Jun Director
Wang Wen Yi Directors, executives
Li Shu Xiang Director
Tan Xian Cai Independent director

Weihai Guangwei Composites Co (SZSE:300699) Headlines

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