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FinVolution Group Sloan Ratio %

: -0.62% (As of Dec. 2021)
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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.

FinVolution Group's Sloan Ratio for the quarter that ended in Dec. 2021 was -0.62%.

As of Dec. 2021, FinVolution Group has a Sloan Ratio of -0.62%, indicating the company is in the safe zone and there is no funny business with accruals.


FinVolution Group Sloan Ratio % Historical Data

The historical data trend for FinVolution 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.

FinVolution Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Sloan Ratio %
Premium Member Only Premium Member Only 1.45 15.45 18.67 -8.57 -0.64

FinVolution Group Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Sloan Ratio % 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 Premium Member Only Premium Member Only Premium Member Only -8.72 -18.26 -15.78 -12.06 -0.62

Competitive Comparison

For the Credit Services subindustry, FinVolution 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.

   

FinVolution Group Sloan Ratio % Distribution

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

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



FinVolution 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.

FinVolution Group's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(393.91251785911-98.9476080574
-313.19689761826)/2847.8091784027
=-0.64%

FinVolution Group's Sloan Ratio for the quarter that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2021 )
=(389.69784035417-119.18904048184
-288.13349002458)/2847.8091784027
=-0.62%

FinVolution Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2021 was 90.67410035479 (Mar. 2021 ) + 97.491517509728 (Jun. 2021 ) + 98.561095364218 (Sep. 2021 ) + 102.97112712543 (Dec. 2021 ) = $390 Mil.
FinVolution Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2021 was 45.01205670491 (Mar. 2021 ) + 18.592996108949 (Jun. 2021 ) + 21.194337313941 (Sep. 2021 ) + 34.389650354042 (Dec. 2021 ) = $119 Mil.
FinVolution Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2021 was 85.496782318881 (Mar. 2021 ) + 152.6519844358 (Jun. 2021 ) + 9.7620928395521 (Sep. 2021 ) + 40.222630430346 (Dec. 2021 ) = $288 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.


FinVolution Group  (NYSE:FINV) 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. 2021, FinVolution Group has a Sloan Ratio of -0.62%, indicating the company is in the safe zone and there is no funny business with accruals.


FinVolution Group Sloan Ratio % Related Terms

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FinVolution Group Business Description

FinVolution Group logo
Industry
Financial Services » Credit Services NAICS : 522310 SIC : 6163
Traded in Other Exchanges
Address
No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203
FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers.

FinVolution Group Headlines

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