GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » LumX Group Ltd (XSWX:LUMX) » Definitions » Sloan Ratio %

LumX Group (XSWX:LUMX) Sloan Ratio % : -25.77% (As of Dec. 2019)


View and export this data going back to 2007. Start your Free Trial

What is LumX Group 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.

LumX Group's Sloan Ratio for the quarter that ended in Dec. 2019 was -25.77%.

As of Dec. 2019, LumX Group has a Sloan Ratio of -25.77%, indicating earnings are more likely to be made up of accruals.


LumX Group Sloan Ratio % Historical Data

The historical data trend for LumX Group'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.

* Premium members only.

LumX Group Sloan Ratio % Chart

LumX Group Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.75 2.07 -10.46 -8.01 -25.77

LumX Group Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.27 -4.46 -8.00 -3.96 -25.77

Competitive Comparison of LumX Group's Sloan Ratio %

For the Asset Management subindustry, LumX Group'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.


LumX Group's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, LumX Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where LumX Group's Sloan Ratio % falls into.



LumX Group 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.

LumX Group's Sloan Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2019 )-Cash Flow from Operations (A: Dec. 2019 )
-Cash Flow from Investing (A: Dec. 2019 ))/Total Assets (A: Dec. 2019 )
=(-12.778--5.242
--0.46)/27.458
=-25.77%

LumX Group's Sloan Ratio for the quarter that ended in Dec. 2019 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2019 )
=(-12.799--5.262
--0.461)/27.458
=-25.77%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. LumX Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2019 was -3.882 (Jun. 2019 ) + -8.917 (Dec. 2019 ) = CHF-12.80 Mil.
LumX Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2019 was -3.56 (Jun. 2019 ) + -1.702 (Dec. 2019 ) = CHF-5.26 Mil.
LumX Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2019 was -0.306 (Jun. 2019 ) + -0.155 (Dec. 2019 ) = CHF-0.46 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.


LumX Group  (XSWX:LUMX) 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.

According to How to Beat the Market with the Sloan Ratio:

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. 2019, LumX Group has a Sloan Ratio of -25.77%, indicating earnings are more likely to be made up of accruals.


LumX Group Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of LumX Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


LumX Group (XSWX:LUMX) Business Description

Traded in Other Exchanges
N/A
Address
Martello Court, Admiral Park, Saint Peter Port, GGY, GY1 3HB
LumX Group Ltd is a holding company, which engages in the provision of investment, risk management, and structuring solutions to a primarily institutional client base. The company offers a full suite of products and services focused on alternative investments, multi-asset portfolio management, and risk management services. It operates through the following geographic areas: Europe, Asia Pacific, the Cayman Islands, North America, and the British Virgin Islands.

LumX Group (XSWX:LUMX) Headlines

No Headlines