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Viomi Technology Co (Viomi Technology Co) Sloan Ratio % : 0.00% (As of Dec. 2023)


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What is Viomi Technology Co 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.

Viomi Technology Co's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, Viomi Technology Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Viomi Technology Co Sloan Ratio % Historical Data

The historical data trend for Viomi Technology Co'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.

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Viomi Technology Co Sloan Ratio % Chart

Viomi Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial 10.44 13.25 1.37 -10.60 7.90

Viomi Technology Co Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Dec23
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 - - - - -

Competitive Comparison of Viomi Technology Co's Sloan Ratio %

For the Furnishings, Fixtures & Appliances subindustry, Viomi Technology 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.


Viomi Technology Co's Sloan Ratio % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Viomi Technology Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Viomi Technology Co's Sloan Ratio % falls into.



Viomi Technology 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.

Viomi Technology Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(-11.859--14.457
--27.86)/385.758
=7.90%

Viomi Technology Co's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-30.756-0
-0)/385.758
=-7.97%

Viomi Technology Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -11.336 (Sep. 2022 ) + -15.254 (Dec. 2022 ) + 0 (Jun. 2023 ) + -4.166 (Dec. 2023 ) = $-30.8 Mil.
Viomi Technology Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Sep. 2022 ) + 0 (Dec. 2022 ) + 0 (Jun. 2023 ) + 0 (Dec. 2023 ) = $0.0 Mil.
Viomi Technology Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Sep. 2022 ) + 0 (Dec. 2022 ) + 0 (Jun. 2023 ) + 0 (Dec. 2023 ) = $0.0 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.


Viomi Technology Co  (NAS:VIOT) 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, Viomi Technology Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Viomi Technology Co Sloan Ratio % Related Terms

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Viomi Technology Co (Viomi Technology Co) Business Description

Traded in Other Exchanges
N/A
Address
Xingang East Road, Wansheng Square, Room 1302 Tower C, Haizhu District, Guangdong, Guangzhou, CHN, 510220
Viomi Technology Co Ltd along with its subsidiaries provides Internet of Things (IoT) enabled smart home products through its platform. It has developed an IoT Home platform, consisting of an ecosystem of IoT Home portfolio, and home water solutions, together with a suite of complementary consumable products and small appliances and others. Its product offerings include Smart kitchen products like refrigerators, oven steamers, dishwashers, and gas stoves, Other smart products such as air conditioning systems, washing machines, water heaters, smart water kettles, interactive smart screens, and other smart devices, and Home water solutions include self-branded and Xiaomi-branded smart water purifiers.