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.
Dongil Technology's Sloan Ratio for the quarter that ended in Sep. 2024 was -4.13%.
As of Sep. 2024, Dongil Technology has a Sloan Ratio of -4.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Dongil Technology Sloan Ratio % Historical Data
The historical data trend for Dongil 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.
Competitive Comparison of Dongil Technology's Sloan Ratio %
For the Electrical Equipment & Parts subindustry, Dongil 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.
Dongil Technology's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Dongil Technology's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Dongil Technology's Sloan Ratio % falls into.
Dongil 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.
Dongil Technology's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Dongil Technology's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -2444.385 (Dec. 2023 ) + 1167.232 (Mar. 2024 ) + 1437.006 (Jun. 2024 ) + -1144.408 (Sep. 2024 ) = ₩-985 Mil.
Dongil Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 2066.326 (Dec. 2023 ) + 1863.858 (Mar. 2024 ) + 1135.21 (Jun. 2024 ) + 958.414 (Sep. 2024 ) = ₩6,024 Mil.
Dongil Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 2980.957 (Dec. 2023 ) + -8380.731 (Mar. 2024 ) + 3880.847 (Jun. 2024 ) + -2592.094 (Sep. 2024 ) = ₩-4,111 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.
Dongil Technology (XKRX:032960) 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 Sep. 2024, Dongil Technology has a Sloan Ratio of -4.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Dongil Technology Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Dongil Technology's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dongil Technology Ltd is engaged in manufacturing and selling components, ESD ionizers/sensors, and medical devices in South Korea. It offers EMI/EMC filters, including 2-phase, 3-phase, PLC decoupling, and DC filters, as well as surge protectors; choke coils comprising common mode, differential mode, and harmonics; and appliance inlets/outlets and power entry modules. The company also provides piezo ceramics, Ionizer Units, and High Voltage Power supplies.
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