E-Commodities Holdings (HKSE:01733) Sloan Ratio % : 10.84% (As of Dec. 2023)

E-Commodities Holdings Sloan Ratio % Chart

E-Commodities Holdings Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Sloan Ratio %		Get a 7-Day Free Trial					9.14	-22.36	7.51	1.85	10.84

E-Commodities Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															7.51	2.52	1.85	-3.95	10.84

Competitive Comparison of E-Commodities Holdings's Sloan Ratio %

For the Thermal Coal subindustry, E-Commodities Holdings'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.

E-Commodities Holdings's Sloan Ratio % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, E-Commodities Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where E-Commodities Holdings's Sloan Ratio % falls into.

E-Commodities Holdings 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.

E-Commodities Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

E-Commodities Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. E-Commodities Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 844.604 (Jun. 2023 ) + 1278.036 (Dec. 2023 ) = HK$2,123 Mil.
E-Commodities Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 1715.764 (Jun. 2023 ) + 309.602 (Dec. 2023 ) = HK$2,025 Mil.
E-Commodities Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -585.966 (Jun. 2023 ) + -1247.992 (Dec. 2023 ) = HK$-1,834 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.

E-Commodities Holdings  (HKSE:01733) 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. 2023, E-Commodities Holdings has a Sloan Ratio of 10.84%, indicating there is a warning stage of accrual build up.

E-Commodities Holdings Sloan Ratio % Related Terms

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E-Commodities Holdings (HKSE:01733) Business Description