What is Seojeon Electric Machinery Co 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.
As of Mar. 2024, Seojeon Electric Machinery Co has a Sloan Ratio of -2.56%, indicating the company is in the safe zone and there is no funny business with accruals.
Seojeon Electric Machinery 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 Seojeon Electric Machinery Co's Sloan Ratio %
For the Electrical Equipment & Parts subindustry, Seojeon Electric Machinery 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.
Seojeon Electric Machinery Co's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Seojeon Electric Machinery Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Seojeon Electric Machinery Co's Sloan Ratio % falls into.
Seojeon Electric Machinery 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.
Seojeon Electric Machinery Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -1483.256 (Jun. 2023 ) + -2992.906 (Sep. 2023 ) + 4094.921 (Dec. 2023 ) + -3894.615 (Mar. 2024 ) = ₩-4,276 Mil.
Seojeon Electric Machinery Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -92.705 (Jun. 2023 ) + 1077.315 (Sep. 2023 ) + 2238.575 (Dec. 2023 ) + -4508.192 (Mar. 2024 ) = ₩-1,285 Mil.
Seojeon Electric Machinery Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 212.388 (Jun. 2023 ) + -1357.305 (Sep. 2023 ) + -116.401 (Dec. 2023 ) + -335.136 (Mar. 2024 ) = ₩-1,596 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.
Seojeon Electric Machinery Co (XKRX:189860) 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, Seojeon Electric Machinery Co has a Sloan Ratio of -2.56%, indicating the company is in the safe zone and there is no funny business with accruals.
Seojeon Electric Machinery Co Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Seojeon Electric Machinery Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Seojeon Electric Machinery Co (XKRX:189860) Business Description
Seojeon Electric Machinery Co Ltd is engaged in manufacturing switchboards and electric automatic control panels. The switchboard products offered by the entity include eco-friendly switchboard, special high voltage switchboard, low-voltage switchboard. Motor control panel, MCSG, gas insulated switchgear, Seismic switchgear, rectifier and distribution board for the data center. The other products provided by the company are power control system, smart grid system, electric work and insulation degradation prevention device. In addition, the organization also offers electrical work services.
Seojeon Electric Machinery Co (XKRX:189860) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:189860 has been successfully added to your 