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.
Sam Hwa Electronics Co's Sloan Ratio for the quarter that ended in Mar. 2024 was -2.87%.
As of Mar. 2024, Sam Hwa Electronics Co has a Sloan Ratio of -2.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Sam Hwa Electronics Co Sloan Ratio % Historical Data
* 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 Sam Hwa Electronics Co's Sloan Ratio %
For the Electronic Components subindustry, Sam Hwa Electronics 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.
Sam Hwa Electronics Co's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sam Hwa Electronics Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sam Hwa Electronics Co's Sloan Ratio % falls into.
Sam Hwa Electronics 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.
Sam Hwa Electronics Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Sam Hwa Electronics Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -1776.115 (Jun. 2023 ) + -1738.378 (Sep. 2023 ) + -1534.508 (Dec. 2023 ) + -2169.847 (Mar. 2024 ) = ₩-7,219 Mil.
Sam Hwa Electronics Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -266.388 (Jun. 2023 ) + 778.152 (Sep. 2023 ) + -1175.406 (Dec. 2023 ) + -2325.419 (Mar. 2024 ) = ₩-2,989 Mil.
Sam Hwa Electronics Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -811.714 (Jun. 2023 ) + -439.569 (Sep. 2023 ) + -668.694 (Dec. 2023 ) + -221.543 (Mar. 2024 ) = ₩-2,142 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.
Sam Hwa Electronics Co (XKRX:011230) 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. 2024, Sam Hwa Electronics Co has a Sloan Ratio of -2.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Sam Hwa Electronics Co Sloan Ratio % Related Terms
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Sam Hwa Electronics Co (XKRX:011230) Business Description
Sam Hwa Electronics Co Ltd is a Korea based manufacturer of soft ferrite cores which is a core material for electronics parts. Its products category includes ferrite cores and magnetic powder cores. Ferrite core products comprise E Core, PQ Core, RM Core, POT Core, Low Profile Core, EP Core, Planar Core, SQ, SQE, UU Core, Toroid Core, Rod, Bar, Screw Core, Drum Core, SMD Core, Ferrite Absorber and EMC Core. The magnetic powder core products include MPP, High Flux, Sendust and Super Flux.
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