Chung-Hsin Electric & Machinery Mfg (TPE:1513) Sloan Ratio % : -7.14% (As of Mar. 2024)

Chung-Hsin Electric & Machinery Mfg Sloan Ratio % Chart

Chung-Hsin Electric & Machinery Mfg Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Sloan Ratio %		Get a 7-Day Free Trial					-1.93	16.06	7.60	0.15	-5.30

Chung-Hsin Electric & Machinery Mfg 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															-0.89	-2.44	-4.75	-5.30	-7.14

Competitive Comparison of Chung-Hsin Electric & Machinery Mfg's Sloan Ratio %

For the Specialty Industrial Machinery subindustry, Chung-Hsin Electric & Machinery Mfg'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.

Chung-Hsin Electric & Machinery Mfg's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chung-Hsin Electric & Machinery Mfg's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Chung-Hsin Electric & Machinery Mfg's Sloan Ratio % falls into.

Chung-Hsin Electric & Machinery Mfg 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.

Chung-Hsin Electric & Machinery Mfg's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Chung-Hsin Electric & Machinery Mfg's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Chung-Hsin Electric & Machinery Mfg's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -685.657 (Jun. 2023 ) + 735.647 (Sep. 2023 ) + 791.208 (Dec. 2023 ) + 953.24 (Mar. 2024 ) = NT$1,794 Mil.
Chung-Hsin Electric & Machinery Mfg's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 564.651 (Jun. 2023 ) + 1574.085 (Sep. 2023 ) + 3389.409 (Dec. 2023 ) + 612.438 (Mar. 2024 ) = NT$6,141 Mil.
Chung-Hsin Electric & Machinery Mfg's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -186.251 (Jun. 2023 ) + 322.005 (Sep. 2023 ) + -2007.876 (Dec. 2023 ) + 855.802 (Mar. 2024 ) = NT$-1,016 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.

Chung-Hsin Electric & Machinery Mfg  (TPE:1513) 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, Chung-Hsin Electric & Machinery Mfg has a Sloan Ratio of -7.14%, indicating the company is in the safe zone and there is no funny business with accruals.

Chung-Hsin Electric & Machinery Mfg Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Chung-Hsin Electric & Machinery Mfg's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chung-Hsin Electric & Machinery Mfg (TPE:1513) Business Description