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 Dec. 2025, Zhaojin Mining Industry Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Zhaojin Mining Industry Co (OTCPK:ZHAOF) 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. 2025, Zhaojin Mining Industry Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Zhaojin Mining Industry Co Sloan Ratio % Related Terms
Zhaojin Mining Industry 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.
For the Gold subindustry, Zhaojin Mining Industry 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.
Zhaojin Mining Industry Co Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhaojin Mining Industry Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Zhaojin Mining Industry Co's Sloan Ratio % falls into.
Zhaojin Mining Industry 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.
Zhaojin Mining Industry Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 78.311 (Dec. 2024 ) + 0 (Jun. 2025 ) + 95.127 (Sep. 2025 ) + 212.498 (Dec. 2025 ) = $386 Mil.
Zhaojin Mining Industry Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 0 (Dec. 2024 ) + 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) = $0 Mil.
Zhaojin Mining Industry Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -524.458 (Dec. 2024 ) + 0 (Jun. 2025 ) + -172.342 (Sep. 2025 ) + -127.212 (Dec. 2025 ) = $-824 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.
Zhaojin Mining Industry Co (ZHAOF) has a Sloan Ratio % of 0.00% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Zhaojin Mining Industry Co and its competitors.
Is Zhaojin Mining Industry Co's Sloan Ratio % too high?
Zhaojin Mining Industry Co's current Sloan Ratio % is 0.00%. Overall, Zhaojin Mining Industry Co has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhaojin Mining Industry Co's Sloan Ratio % compare to NEM and AU?
Zhaojin Mining Industry Co's Sloan Ratio % of 0.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Zhaojin Mining Industry Co and its competitors. Zhaojin Mining Industry Co's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhaojin Mining Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Zhaojin Mining Industry Co (ZHAOF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.76, compared to a current price of $2.06 — trading 45.2% below its estimated fair value. The current Sloan Ratio % is 0.00%. Zhaojin Mining Industry Co's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Zhaojin Mining Industry Co (ZHAOF), the current Sloan Ratio % is 0.00% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zhaojin Mining Industry Co (ZHAOF) Overvalued in 2026?
Based on GuruFocus' analysis, Zhaojin Mining Industry Co stock appears to be undervalued.
The current stock price of $2.06 is trading 45.2% below its estimated GF Value™ of $3.76.
GuruFocus considers Zhaojin Mining Industry Co to be Possible Value Trap.
Key valuation signals for ZHAOF:
Sloan Ratio %: 0.00%
GF Value™: $3.76 vs. price of $2.06 (45.2% below fair value)
No single metric tells the full story. See the ZHAOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The company has three reportable operating segments as follows: the Gold operations segment consists of gold mining and smelting operations; the Copper operations segment consists of copper mining and smelting operations; the Others segment comprises, principally, the Group's other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services, engineering design and consulting services, and overseas operations.
85GF Score
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