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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.
China United Insurance Service's Sloan Ratio for the quarter that ended in Mar. 2023 was 6.87%.
As of Mar. 2023, China United Insurance Service has a Sloan Ratio of 6.87%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for China United Insurance Service'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.
China United Insurance Service Annual Data | |||||||||||||||||||||
Trend | Jun13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Sloan Ratio % | Get a 7-Day Free Trial | 4.01 | 12.09 | 10.64 | 1.49 | 3.48 |
China United Insurance Service Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Sloan Ratio % | Get a 7-Day Free Trial | 5.36 | 4.46 | 11.18 | 3.49 | 6.87 |
For the Insurance Brokers subindustry, China United Insurance Service'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.
For the Insurance industry and Financial Services sector, China United Insurance Service's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where China United Insurance Service's Sloan Ratio % falls into.
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.
China United Insurance Service'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 ) | |
= | (11.101 | - | 13.633 | |
- | -7.371) | / | 138.893 | |
= | 3.48% |
China United Insurance Service's Sloan Ratio for the quarter that ended in Mar. 2023 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Mar. 2023 ) | |
= | (10.017 | - | 10.415 | |
- | -9.973) | / | 139.33 | |
= | 6.87% |
China United Insurance Service's Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was 1.618 (Jun. 2022 ) + 6.9 (Sep. 2022 ) + -0.362 (Dec. 2022 ) + 1.861 (Mar. 2023 ) = $10.0 Mil. China United Insurance Service's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2023 was 3.924 (Jun. 2022 ) + 0.71 (Sep. 2022 ) + 1.399 (Dec. 2022 ) + 4.382 (Mar. 2023 ) = $10.4 Mil. China United Insurance Service's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2023 was -3.455 (Jun. 2022 ) + -5.714 (Sep. 2022 ) + 7.128 (Dec. 2022 ) + -7.932 (Mar. 2023 ) = $-10.0 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.
China United Insurance Service (OTCPK:CUII) 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 Mar. 2023, China United Insurance Service has a Sloan Ratio of 6.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of China United Insurance Service's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chuwan Hau Li | director | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Mei-kuan Yeh | officer: Chief Financial Officer | 331 SECTION 3, NAN-KING EAST ROAD, 7TH FLOOR, TAIPEI F5 10595 |
Yung Chi Chuang | officer: Chief Financial Officer | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Lee Shu Fen | director, 10 percent owner | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Mao Yi Hsiao | director, 10 percent owner, officer: Chief Executive Officer | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Hsu Wen Yuan | officer: Chief Marketing Officer | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Hsieh Tung Chi | officer: Chief Operating Officer | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Chen Kuie Chiao | director | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Li Fu Chang | director | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Chiang Te Yun | officer: Chief Technology Officer | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
Lo Chung Mei | officer: Former Chief Executive Officer | 7F, NO. 311 SECTION 3, NAN-KING EAST ROAD, TAIPEI CITY F5 00000 |
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