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Fameglow Holdings (HKSE:08603) Sloan Ratio % : 0.00% (As of Sep. 2023)


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What is Fameglow 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.

Fameglow Holdings's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

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


Fameglow Holdings Sloan Ratio % Historical Data

The historical data trend for Fameglow 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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Fameglow Holdings Sloan Ratio % Chart

Fameglow Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Sloan Ratio %
Get a 7-Day Free Trial 4.13 -12.02 -16.74 0.42 -12.26

Fameglow Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Fameglow Holdings's Sloan Ratio %

For the Personal Services subindustry, Fameglow 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.


Fameglow Holdings's Sloan Ratio % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Fameglow Holdings's Sloan Ratio % distribution charts can be found below:

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



Fameglow 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.

Fameglow Holdings's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2023 )-Cash Flow from Operations (A: Mar. 2023 )
-Cash Flow from Investing (A: Mar. 2023 ))/Total Assets (A: Mar. 2023 )
=(16.369-74.067
--32.182)/208.141
=-12.26%

Fameglow Holdings's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2023 )
=(15.86-0
-0)/198.162
=8.00%

Fameglow Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 0.078 (Dec. 2022 ) + 14.284 (Mar. 2023 ) + 1.274 (Jun. 2023 ) + 0.224 (Sep. 2023 ) = HK$15.9 Mil.
Fameglow Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Dec. 2022 ) + 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) = HK$0.0 Mil.
Fameglow Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Dec. 2022 ) + 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) = HK$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.


Fameglow Holdings  (HKSE:08603) 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 Sep. 2023, Fameglow 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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Fameglow Holdings (HKSE:08603) Business Description

Traded in Other Exchanges
N/A
Address
63 Wing Hong Street, Unit 304, Global Gateway Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Fameglow Holdings Ltd acts as an investment holding company. Through its subsidiaries, it is principally engaged in the provision of treatment services and the sale of skincare products in Hong Kong. The firm's treatment services comprise Energy-based procedures, minimally invasive procedures, and Traditional beauty services. The majority of revenue gets derived from Energy-based procedures. the company's revenue is derived from hong kong only.
Executives
Equal Joy Holdings Limited 2101 Beneficial owner
Fu Chi Ching 2201 Interest of corporation controlled by you
Yip Chun Kwok Danny 2201 Interest of corporation controlled by you

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