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Windflow Technology (Windflow Technology) Sloan Ratio % : 221.16% (As of Dec. 2017)


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What is Windflow Technology 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.

Windflow Technology's Sloan Ratio for the quarter that ended in Dec. 2017 was 221.16%.

As of Dec. 2017, Windflow Technology has a Sloan Ratio of 221.16%, indicating there is a warning stage of accrual build up.


Windflow Technology Sloan Ratio % Historical Data

The historical data trend for Windflow Technology'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.

Windflow Technology Sloan Ratio % Chart

Windflow Technology Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.76 29.61 37.34 9.66 1.03

Windflow Technology Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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 5.56 9.85 23.49 0.75 221.16

Competitive Comparison of Windflow Technology's Sloan Ratio %

For the Specialty Industrial Machinery subindustry, Windflow Technology'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.


Windflow Technology's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Windflow Technology's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Windflow Technology's Sloan Ratio % falls into.



Windflow Technology 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.

Windflow Technology's Sloan Ratio for the fiscal year that ended in Jun. 2017 is calculated as

Sloan Ratio=(Net Income (A: Jun. 2017 )-Cash Flow from Operations (A: Jun. 2017 )
-Cash Flow from Investing (A: Jun. 2017 ))/Total Assets (A: Jun. 2017 )
=(-3.477--1.552
--2.035)/10.685
=1.03%

Windflow Technology's Sloan Ratio for the quarter that ended in Dec. 2017 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2017 )
=(5.98-0.329
--1.194)/3.095
=221.16%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Windflow Technology's Net Income for the trailing twelve months (TTM) ended in Dec. 2017 was -1.796 (Jun. 2017 ) + 7.776 (Dec. 2017 ) = $5.98 Mil.
Windflow Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2017 was 0.834 (Jun. 2017 ) + -0.505 (Dec. 2017 ) = $0.33 Mil.
Windflow Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2017 was -1.573 (Jun. 2017 ) + 0.379 (Dec. 2017 ) = $-1.19 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.


Windflow Technology  (GREY:WFLWY) 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 Dec. 2017, Windflow Technology has a Sloan Ratio of 221.16%, indicating there is a warning stage of accrual build up.


Windflow Technology Sloan Ratio % Related Terms

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Windflow Technology (Windflow Technology) Business Description

Traded in Other Exchanges
N/A
Address
Windflow Technology Ltd is engaged in the manufacturing and development of wind turbines. The company operates in two segments namely Wind Turbines segment, Licensing segment, and Corporate segment. Wind Turbines Segment Represents manufacturing, installing, commissioning, selling, operating and maintaining wind turbines and related parts. Licensing Segment includes licensing agreements. And corporate segment includes designing and development of wind turbine and its marketing. Some of its projects include Te Rere Hau, Gebbies Pass, Long Gully and United Kingdom Projects. It generates a majority of its revenue from Wind Turbines. Geographically, the company gets a major share of its revenue from New Zealand.

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