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.
HCK Capital Group Bhd's Sloan Ratio for the quarter that ended in Dec. 2024 was -3.51%.
As of Dec. 2024, HCK Capital Group Bhd has a Sloan Ratio of -3.51%, indicating the company is in the safe zone and there is no funny business with accruals.
HCK Capital Group Bhd Sloan Ratio % Historical Data
The historical data trend for HCK Capital Group Bhd'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.
Competitive Comparison of HCK Capital Group Bhd's Sloan Ratio %
For the Real Estate - Development subindustry, HCK Capital Group Bhd'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.
HCK Capital Group Bhd's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, HCK Capital Group Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where HCK Capital Group Bhd's Sloan Ratio % falls into.
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.
HCK Capital Group Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
HCK Capital Group Bhd's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 5.966 (Mar. 2024 ) + 5.146 (Jun. 2024 ) + 6.035 (Sep. 2024 ) + 4.634 (Dec. 2024 ) = RM21.8 Mil.
HCK Capital Group Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 190.103 (Mar. 2024 ) + 30.317 (Jun. 2024 ) + 0.081 (Sep. 2024 ) + -182.666 (Dec. 2024 ) = RM37.8 Mil.
HCK Capital Group Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 25.316 (Mar. 2024 ) + -52.177 (Jun. 2024 ) + -0.321 (Sep. 2024 ) + 53.121 (Dec. 2024 ) = RM25.9 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.
HCK Capital Group Bhd (XKLS:7105) 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 Dec. 2024, HCK Capital Group Bhd has a Sloan Ratio of -3.51%, indicating the company is in the safe zone and there is no funny business with accruals.
HCK Capital Group Bhd Sloan Ratio % Related Terms
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HCK Capital Group Bhd is a real estate company. It operates in two segments: property development, property trading, and property management services, which include fees derived from successful completion of sales of property, income derived from sales of properties, letting of properties, and consultancy services; Platforms includes value engineering, consultancy, development and technology services and Others segment includes operations of food and beverage outlets, investment holding, educational services, and royalty fee income. It operates predominantly in Malaysia. Majority of revenue is derived from property development, property trading, and property management services segment.
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