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 Mar. 2024, Mango Excellent Media Co has a Sloan Ratio of 2.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Mango Excellent Media 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.
Competitive Comparison of Mango Excellent Media Co's Sloan Ratio %
For the Internet Retail subindustry, Mango Excellent Media 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.
Mango Excellent Media Co's Sloan Ratio % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mango Excellent Media Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mango Excellent Media Co's Sloan Ratio % falls into.
Mango Excellent Media 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.
Mango Excellent Media Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Mango Excellent Media Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 702.455 (Jun. 2023 ) + 514.933 (Sep. 2023 ) + 1790.039 (Dec. 2023 ) + 472.319 (Mar. 2024 ) = ¥3,480 Mil.
Mango Excellent Media Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 1286.08 (Jun. 2023 ) + 41.538 (Sep. 2023 ) + 8.838 (Dec. 2023 ) + 173.324 (Mar. 2024 ) = ¥1,510 Mil.
Mango Excellent Media Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 355.684 (Jun. 2023 ) + 2205.278 (Sep. 2023 ) + -854.455 (Dec. 2023 ) + -469.922 (Mar. 2024 ) = ¥1,237 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.
Mango Excellent Media Co (SZSE:300413) 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 Mar. 2024, Mango Excellent Media Co has a Sloan Ratio of 2.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Mango Excellent Media Co Sloan Ratio % Related Terms
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Mango Excellent Media Co (SZSE:300413) Business Description
Mango Excellent Media Co Ltd is a China-based company engages in the provision of E-commerce services through Television, Internet, Catalogs and other multimedia channels. The company offers beauty protection, food, kitchen, textile, digital appliances, and maternal and child care products, as well as clothing accessories and other products. Its operating segment includes New media platform operation; New media interactive entertainment content production and operation; Media retail business and Others. The company generates maximum revenue from New media platform operation segment.
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