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.
Kingbo Strike's Sloan Ratio for the quarter that ended in Dec. 2023 was -41.63%.
As of Dec. 2023, Kingbo Strike has a Sloan Ratio of -41.63%, indicating there is a warning stage of accrual build up.
Kingbo Strike Sloan Ratio % Historical Data
The historical data trend for Kingbo Strike'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.
Competitive Comparison of Kingbo Strike's Sloan Ratio %
For the Solar subindustry, Kingbo Strike'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.
Kingbo Strike's Sloan Ratio % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Kingbo Strike's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kingbo Strike's Sloan Ratio % falls into.
Kingbo Strike 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.
Kingbo Strike's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Kingbo Strike's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -51.989 (Jun. 2023 ) + -27.654 (Dec. 2023 ) = HK$-79.64 Mil.
Kingbo Strike's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -6.639 (Jun. 2023 ) + -3.371 (Dec. 2023 ) = HK$-10.01 Mil.
Kingbo Strike's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 30.827 (Jun. 2023 ) + -1.749 (Dec. 2023 ) = HK$29.08 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.
Kingbo Strike (HKSE:01421) 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 Dec. 2023, Kingbo Strike has a Sloan Ratio of -41.63%, indicating there is a warning stage of accrual build up.
Kingbo Strike Sloan Ratio % Related Terms
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Kingbo Strike Ltd is engaged in the provision of electrical engineering services for public residential and commercial projects as well as deals in solar power business. The company operates in three segments namely, the Engineering Services segment comprises of electrical engineering solutions and related services; Solar power business segment comprises supply and installation services of solar photovoltaic parts and equipment; Electrical distribution system business segment engages in the provision of electrical distribution system. The company generates maximum revenue from the Solar Power Business segment. The company geographically operates in The People's Republic of China, Singapore and Hong Kong.
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