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.
ILJIN Hysolus Co's Sloan Ratio for the quarter that ended in Dec. 2024 was 1.58%.
As of Dec. 2024, ILJIN Hysolus Co has a Sloan Ratio of 1.58%, indicating the company is in the safe zone and there is no funny business with accruals.
ILJIN Hysolus Co Sloan Ratio % Historical Data
The historical data trend for ILJIN Hysolus Co'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 ILJIN Hysolus Co's Sloan Ratio %
For the Auto Parts subindustry, ILJIN Hysolus 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.
ILJIN Hysolus Co's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ILJIN Hysolus Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ILJIN Hysolus Co'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.
ILJIN Hysolus Co's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
ILJIN Hysolus Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 521.262 (Mar. 2024 ) + 935.886 (Jun. 2024 ) + -250.14 (Sep. 2024 ) + 609.537 (Dec. 2024 ) = ₩1,817 Mil.
ILJIN Hysolus Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -5523.279 (Mar. 2024 ) + 8625.999 (Jun. 2024 ) + 48.522 (Sep. 2024 ) + 6798.136 (Dec. 2024 ) = ₩9,949 Mil.
ILJIN Hysolus Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 8328.21 (Mar. 2024 ) + -13917.96 (Jun. 2024 ) + 603.111 (Sep. 2024 ) + -8589.497 (Dec. 2024 ) = ₩-13,576 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.
ILJIN Hysolus Co (XKRX:271940) 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, ILJIN Hysolus Co has a Sloan Ratio of 1.58%, indicating the company is in the safe zone and there is no funny business with accruals.
ILJIN Hysolus Co Sloan Ratio % Related Terms
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ILJIN Hysolus Co Ltd is providing solutions for reducing pollution due to the use of diesel and improving fuel efficiency and for the storage, transportation, and utilization required in the process of transition to natural gas, hydrogen, or other environmentally friendly solutions. Its products include Hydrogen storage and systems across all hydrogen areas from hydrogen transportation to application, CNG storage, and systems for natural gas vehicles, Diesel Solutions providing environment-friendly solutions, including the fine particle reduction systems for old diesel cars.
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