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Four Seasons Education (Cayman) (Four Seasons Education (Cayman)) Sloan Ratio % : 0.00% (As of Aug. 2023)


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What is Four Seasons Education (Cayman) 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.

Four Seasons Education (Cayman)'s Sloan Ratio for the quarter that ended in Aug. 2023 was 0.00%.

As of Aug. 2023, Four Seasons Education (Cayman) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Four Seasons Education (Cayman) Sloan Ratio % Historical Data

The historical data trend for Four Seasons Education (Cayman)'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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Four Seasons Education (Cayman) Sloan Ratio % Chart

Four Seasons Education (Cayman) Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Sloan Ratio %
Get a 7-Day Free Trial 14.32 -8.96 0.90 -4.39 15.40

Four Seasons Education (Cayman) Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 Four Seasons Education (Cayman)'s Sloan Ratio %

For the Education & Training Services subindustry, Four Seasons Education (Cayman)'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.


Four Seasons Education (Cayman)'s Sloan Ratio % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Four Seasons Education (Cayman)'s Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Four Seasons Education (Cayman)'s Sloan Ratio % falls into.



Four Seasons Education (Cayman) 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.

Four Seasons Education (Cayman)'s Sloan Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2023 )-Cash Flow from Operations (A: Feb. 2023 )
-Cash Flow from Investing (A: Feb. 2023 ))/Total Assets (A: Feb. 2023 )
=(-4.338--3.728
--14.142)/87.897
=15.40%

Four Seasons Education (Cayman)'s Sloan Ratio for the quarter that ended in Aug. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Aug. 2023 )
=(-0.438-0
-0)/87.46
=-0.50%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Four Seasons Education (Cayman)'s Net Income for the trailing twelve months (TTM) ended in Aug. 2023 was -1.134 (Feb. 2023 ) + 0.696 (Aug. 2023 ) = $-0.44 Mil.
Four Seasons Education (Cayman)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2023 was 0 (Feb. 2023 ) + 0 (Aug. 2023 ) = $0.00 Mil.
Four Seasons Education (Cayman)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2023 was 0 (Feb. 2023 ) + 0 (Aug. 2023 ) = $0.00 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.


Four Seasons Education (Cayman)  (NYSE:FEDU) 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 Aug. 2023, Four Seasons Education (Cayman) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Four Seasons Education (Cayman) Sloan Ratio % Related Terms

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Four Seasons Education (Cayman) (Four Seasons Education (Cayman)) Business Description

Traded in Other Exchanges
N/A
Address
309 Yuyuan Road, Room 1301, Zi'an Building, Jing'an District, Shanghai, CHN, 200040
Four Seasons Education (Cayman) Inc is engaged in the provision of after-school education services for kindergarten, elementary and middle school students. The company is a comprehensive educational enterprise that provides research practice services, educational informatization equipment, high-quality educational resources, and teacher training, as well as a digital publishing business, and continues to expand in educational research and educational informatization.