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AGM Group Holdings (AGM Group Holdings) Sloan Ratio % : 0.00% (As of Jun. 2023)


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What is AGM Group Holdings 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.

AGM Group Holdings's Sloan Ratio for the quarter that ended in Jun. 2023 was 0.00%.

As of Jun. 2023, AGM Group Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


AGM Group Holdings Sloan Ratio % Historical Data

The historical data trend for AGM Group Holdings'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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AGM Group Holdings Sloan Ratio % Chart

AGM Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
Get a 7-Day Free Trial -58.14 25.10 9.32 6.53 23.28

AGM Group Holdings Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23
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 - - - - -

Competitive Comparison of AGM Group Holdings's Sloan Ratio %

For the Computer Hardware subindustry, AGM Group 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.


AGM Group Holdings's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AGM Group Holdings's Sloan Ratio % distribution charts can be found below:

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



AGM Group 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.

AGM Group Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(11.476--17.342
--0.332)/125.23
=23.28%

AGM Group Holdings's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2023 )
=(3.858-0
-0)/136.069
=2.84%

AGM Group Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 3.858 (Dec. 2021 ) + 0 (Jun. 2022 ) + 0 (Dec. 2022 ) + 0 (Jun. 2023 ) = $3.9 Mil.
AGM Group Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 0 (Dec. 2021 ) + 0 (Jun. 2022 ) + 0 (Dec. 2022 ) + 0 (Jun. 2023 ) = $0.0 Mil.
AGM Group Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was 0 (Dec. 2021 ) + 0 (Jun. 2022 ) + 0 (Dec. 2022 ) + 0 (Jun. 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.


AGM Group Holdings  (NAS:AGMH) 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 Jun. 2023, AGM Group Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


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AGM Group Holdings (AGM Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
C/o Creative Consultants (Hong Kong) Limited, 185 Wanchai Road, Room 1502-3, 15th Floor, Connuaght Commercial Building, Wanchai, Hong Kong, HKG
AGM Group Holdings Inc is an investment holding company. The company focuses on blockchain-oriented ASIC chip design; high-end crypto miner production and fintech technology software service. It generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment.